Dear readers, are you still looking for high interest rates to grow your savings and in a risk-free manner?
Some time ago (at least a year ago, if I recall correctly), fixed deposit interest rates reached over 4% per annum! Thereafter, the highest interest rates for fixed deposits and savings were close to but below 4% per annum. A best example is the latest Singapore’s 6-month T-bill BS23123Z which closed at 3.80% per annum.
PhillipCapital is currently offering 3.68% per annum on its money market fund called SmartPark (more details here) and I believe at this quantum, SmartPark offers one of the highest interest rates on town to grow one’s savings.
Please note that this post is not a recommendation on SmartPark.
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