Sunday, August 12, 2007

Fixed deposit rates

With the global stockmarket in turmoil, it may be better to keep the money in fixed deposit or the money market fund for the time being.

You can refer to this website for the latest information of the best interest rate offered by the banks. This information is fairly up-to-date, but may get outdated quite quickly, as the rates may changed daily.

It gives you a good idea about what is likely to be available in the market. Before you invest, it is best to re-confirm the latest offers from the top three in the list.

I hope that you find this reference to be useful.
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2 comments:

Anonymous said...

thank you Mr Tan for your sound advise. I am a prudent and non risk taker. Thanks for your information on the fixed deposit.

August 15, 2007 9:16 AM
Anonymous said...

Mr Tan, your info on interest rates is very useful. For last 12 months, NTUC money market quarterly rates ranged from 2.7 to 3.8%p.a. If the rates are so good vs fixed deposits and have no lock in periods, why is it less popular and less known than fixed deposits.

August 20, 2007 2:50 PM

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