Where to park your cash for high yield? T-bills vs Fixed Deposit vs SSB (July 2024)
By Beansprout  •  July 9, 2024
We share the best ways to earn a yield on your cash through fixed deposits, Singapore T-bills, SSBs and money market funds. What happened? Interest rates have been very volatile in recent months. In July, I noticed that the yield of the Singapore 6-month T-bill and Singapore Savings Bonds has declined. However, some banks have raised the interest rates on their fixed deposit accounts. As a result, there has been a lot of discussion in the Beansprout community about where we can park our cash to earn a higher yield. In this article, I will share the following:
  • Latest interest rates on fixed deposits, T-bills, SSBs and money market funds
  • Advantages and disadvantages of putting your cash into these options
  • What I would consider in deciding between fixed deposits, T-bills, SSBs and money market funds
  • My strategy for parking my cash to earn a higher yield
Best 3-month fixed deposit rate in Singapore of 3.5% p.a....
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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