What happened?
I’m reviewing where to put my extra cash in May. With the market still volatile and the outlook uncertain, I want my emergency cash to earn a reasonable yield without compromising too much on security or accessibility. I have seen Singapore’s 6-month T-bill yield remained fairly stable in recent auctionsWhereas The best fixed deposit rates in Singapore have increased slightly. Additionally, some popular high-yield savings accounts, including OCBC 360 and Standard Chartered Bonus$Ever accounts, have cut their interest rates in May. These changes have sparked further discussion within Beansprout Community Where to park our idle cash and about Earn Passive Income in Singapore Without taking too much risk. In this article, I’ll break down some popular options like T-bills, fixed deposits, Singapore Savings Bonds (SSBs) and money market funds to see how they compare right now. I will cover:…
