High Fixed Deposit Interest rates

Dear readers, where can we still get high fixed deposit interest rates and at 3.10% per annum?

Before we take a look at the above fixed deposit rates, let us revisit the cut-off yield (interest rate) of the latest 6-month Treasury bill (T-bill) which has just closed: 3.34% per annum for BS24116E T-bill.

The fixed deposit interest rates of 3.10% per annum is attractive given that it is just around 0.25% per annum off what could be the highest short-term interest rate in the most recent T-bill.

And not forgetting that the fixed interest rates by the local banks are lower: 2.90% per annum for 6-month deposit by OCBC, and 2.70% per annum by UOB for the same period of holding.

Here is the fixed deposit deal featuring 3.10% per annum: Hong Leong Finance is offering a 3.10% per annum interest rate for a 6-month of 7-month fixed deposit, for a deposit amount of S$200,000 and above. For more details, visit Hong Leong webpage.

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