Will the best fixed deposit rates in March 2025 beat the returns offered by the latest issue of Singapore Savings Bond, Singapore Treasury Bills or our high-interest rate savings account? The latest issue of SSB (SBAPR25 GX25040F) is 2.85% if you held it for 10 years and 2.73% per annum if you hold it for only one year. The cut off yield of the latest issue of SGS T Bill (BS25104H 6-Month T-bill) is 2.75% per annum. Which is the best place to park your money?
Even though the famous quote says, “Be fearful when others are greedy and to be greedy only when others are fearful.”, we should never put all our money into a single basket, stocks and REITs. We should diversify our investments into various financial products. These financial products should range from stocks, REITs, ETF, mutual funds, money market funds, endowment plans, fixed deposits and high interest savings account....