With falling interest rates, are you wondering which bank offers the best fixed deposit in October 2024? The cutoff yield for 6-Month Singapore Treasury Bills (T Bills) BS24119S is only 2.97% per annum. Is there any fixed deposit that can beat 2.97% per annum? Where is the best place to park your money? Fixed deposits are a type of savings account offered by banks and financial institutions where a sum of money is deposited for a fixed period of time at a fixed interest rate. The duration of a fixed deposit can range from a few months to several years. The interest rate is usually higher than a regular savings account, making it an attractive option for those looking to earn a guaranteed return on their savings. Fixed deposits are considered a safe investment as they are typically insured by the government up to a certain amount. However, the funds are locked in for the...