Personal Finance
Where Will I Deposit 100K in 2025?
By My Sweet Retirement  •  January 20, 2025
With falling fixed deposit interest rates, where will I deposit 100K in 2025? Last year, when bank’s interest rates are at its peak, I placed my money in fixed deposits. In January, my fixed deposits are maturing, and I am not renewing them. This is because the most attractive bank fixed deposit in January 2025 is only giving me 3.05% per annum for a 6-month lock in period. You may be guessing I will probably put the cash from my matured fixed deposit with Singapore Treasury Bills or Singapore Savings Bond. The cut off yield of the latest issue of Singapore T Bill (BS25101F) is only 2.99% per annum. The effective interest rate for SSB SBFEB25 GX25020H is 2.82% if you held it for 10 years. Thus, my answer is no, I will not be placing my money into Singapore T Bill or Singapore Savings Bond. Where will I place my money if I had 100k? I would place my money in...
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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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