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Best Fixed Deposit in September 2024
By My Sweet Retirement  •  September 15, 2024
Best Fixed Deposit in September 2024 On September 15, 2024 By My Sweet Retirement In Fixed Deposits Are you looking for the best fixed deposit in September 2024 because the interest rates for Singapore Savings Bonds and Singapore Treasury Bills have fallen? With the high possibility of the Fed announcing interest rates cut in the upcoming Jackson Hole Economic Policy Symposium, the interest rates for SSBT-Bills and Fixed Deposits have all fallen. Where is the best place to park your money? As the interest rate cuts will benefit Singapore REITs, most investors have shifted from placing their money in low-risk investments into the stock market. Having said that, we should never place all our money in the same basket. I diversify by investing in Singapore REITs but also park cash in safer instruments such as Fixed Deposits, SSB and T-Bills. For newbies, what are Fixed Deposits? Fixed deposits are a type of savings account offered by banks and financial institutions where a...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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