What happened?

It doesn't come as a surprise that interest rates on savings have continued to decline lately.  The yield on the 6-month Singapore T-bill have dipped to 2.30%, and the yield on the 1-year Singapore T-bill  fell to 2.29%.  On top of that, interest rates on the UOB One and OCBC 360 savings accounts have also been slashed from 1 May 2025.  Even the best fixed deposit rates in Singapore have fallen too.  Naturally, this has sparked fresh conversations in the Beansprout community Many of you have been asking: Where can I still park my cash to earn a decent yield? In this article, I’ll compare the most popular options, T-bills, fixed deposits, Singapore Savings Bonds (SSBs), and money market funds, to see which ones still hold up. Here’s what we’ll cover: The latest interest rates on fixed deposits, T-bills, SSBs, and money market fundsPros and cons of each...