Tag: Saving Account

It was a great two years for many of the savers. FED keeps increasing interest rate and as a result, savers (those who don’t like to take risk in equities) are crying for joy! If one goes around, can easily get 3% for Fixed deposit these two years or locked more than 3% under SSBs…

Idling Cash Everyone has some idling cash, and many would still like to generate decent returns for these idling cash. With dipping fixed deposit rate, it is getting difficulty to get nice, high fixed deposit rate especially for those who just got back their money for DBS 4.88% 3 months Fixed Deposit on 13 May….

Update on the rates This is a short post to provide an update to my previous post. If you refer to my post two days ago on SAVERs – Best Options to maximise your interests, I have mentioned that the rates will likely goes down – hence please locked in your funds for Savers. In…

Interest rates are going down The short-term interest rates are coming down…banks fixed deposits, Tbills, SSBs are coming down. Currently today is near the end of January 2023, likely banks will announce new fixed deposits rate soon. Quite likely it will be same or slightly lower for a while. Of course, you if are a…

Liquid Cash We all like to make our liquid cash work harder for us. Treasury Bill recently was 4.4% (getting hot) but no guarantee that you will get the amount you want, money will also be locked up for 6 or 12 months. Of course, there is OCBC 360 giving 4% and UOB ONE giving…