Dear readers, on the current market, there are various fixed deposits on offer. And each of these fixed deposits has a different lock-in period each.
To find out in details on the current fixed deposits on offer in town, do visit the summary which I have compiled for fixed deposits link here.
As we can note from the above link, the average rate of the current Singapore fixed deposits is around 3.50% per annum and each comes with a lock-in period, minimum 3 months.
What if savers would like to enjoy growth of their monies without a lock-in period and as a compromise, are okay to go with a lesser fixed deposit interest return?
What about 2.90% per annum return on your monies with no lock-in period required?
At this time of writing, PhillipCapital is offering 2.90% per annum on its Money Market Fund called Smart Park (details here) and savers are offered 2.90% per annum return on their deposits with no lock-in period required.
Attractive for you as savers?
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