Dear readers, currently, we have a number of fixed deposit promotions from banks and financial institutions, each offering rather decent fixed deposit interests at average of 3.5% per annum.
What if you are able to grow your monies at 4% per annum and without any lock-in or holding period required of your capital?
4% per annum can be considered one of the highest interest rates in town currently. And to be able to invest capital at no holding period is considered a bonus!
Phillip Securities is currently offering an additional 1.5% per annum interest rate over and above the interest rates offered by its Money Market Fund (SMART PARK).
With the interest rates of SMART PARK at 2.5924% per annum now, that means a slightly more than 4% per annum for SMART PARK if you intend to park your monies there.
The above promotion ends 16 June 2023 and further details can be found on POEMS website.
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