Dear readers, are you still putting monies into fixed deposits and risk-free or lower-risk savings bonds or treasury bills?
Currently, the best returns among the fixed deposits, Singapore Savings Bonds and Treasury-bills is the 6-month T-bill where the most recent average 10-yield annual return of 3.80% per annum is the best in town.
Other fixed deposits and bonds average around 3% per annum in return.
This is why, I believe, amidst the current market backdrop with an average of 3% per annum for returns, a key consideration for savers and investors will be the holding period. Typically, savers these days may not want to hold their dollars for too long, so that they can remain nimble with possibly better opportunities in the near-term. At the same time, savers will definitely want to be compensated with good returns while holding their monies.
This is why, a 2.95% per annum on a 3-month fixed deposit may be a win-win proposition for savers who would want to enjoy good returns while not being obliged to hold their monies for a long time.
Currently, Hong Leong Finance is offering a 2.95% per annum on a 3-month fixed deposit for a deposit amount of S$50,000 and above. For more details, do visit Hong Leong Finance webpage here.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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