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 SSB, T-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...