Global stocks bounced with easing trade concerns while fixed deposit and savings accounts rates fall.
As we head into a new month, one hot topic that’s come up in the Beansprout community is “Where should I park my money now that rates are dropping?” (And nope, it's not about the General Election)
And honestly, I’ve been asking myself the same thing.
From 1 May, UOB One and OCBC 360 have both lowered their bonus interest rates. On top of that, the best fixed deposit rates this month have also come down. So if you’re trying to earn more on your spare cash, the options feel a bit more limited.
That’s why I’ve been reviewing the latest savings account rates to see what’s still competitive in May. We’ve also looked into what to expect for the next T-bill auction on 7 May, especially with yields falling recently.
At the same time, I’ve been exploring some dividend-paying stocks and REITs that may be seen to be less...