With falling interest rates, are you looking for the best fixed deposit rates in April 2025? The recent market crash due to Trump’s tariffs had taught us not to put all our money into the stock market. We should diversify our investments into various financial assets. Fixed deposits are low risk in nature and at times, Singapore banks may offer attractive interest rates as part of their fixed deposition promotion.
Do you know what are fixed deposits? Fixed deposits are sometimes also termed as time deposits. Fixed deposits or time deposits are a type of investment offered by banks and financial institutions where an individual deposits a sum of money for a fixed period of time at a pre-determined interest rate. The money is locked in for the specified period, which can range from a few months to several years.
Fixed deposits are considered a safe investment option as they offer guaranteed returns and are not subject to...