We share the best ways to earn a yield on your cash through fixed deposits, Singapore T-bills, SSBs and money market funds.
It's not hard to notice that interest rates have been falling in recent months.
This month, we saw the yield on the 6-month Singapore T-bill decline to 2.50%, and the yield on the 1-year Singapore T-bill fall to 2.29%.
Many of you may also have seen the news that interest rates on the UOB One and OCBC 360 savings accounts will be cut from 1 May 2025.
The best fixed deposit rates in Singapore have fallen too.
In the past few weeks, I noticed there has been much discussion in the Beansprout community about the best places to park our cash to earn a higher yield.
In this article, I will compare a few alternatives to find out whether there still ways to earn an interest rate above the T-bill yield....