Dear readers, if you have been following the fixed deposit markets, you would have known that the current fixed deposit and treasury bill interest rate averages around 3% per annum.
A common holding period for such lower-risk products is 6 months for 6-month treasury bills. Unless of course, some of you decide to opt into Money Market Fund like Phillip Capital Smart Park where one can park and withdraw one’s capital with relatively few risks at anytime.
In the market, it is not common to find fixed deposits for holding periods lower than 6-months.
But what if I were to share with you that there are options to grow your monies at 2.85% to 2.90% (yes these are respectable decent yields) for a 3-month or 4-month holding period?
Yes, there are options to do so and Hong Leong is offering the above interest rates for the above holding period currently (details here). There is even an option for a 9-month holding period of fixed deposits for 2.75% to 2.80% per annum.
Please note that this is not an endorsement of any financial products, always do your own due diligence when it comes to your own investing.