In The Money

With rates falling, should you still put money in fixed deposits?

This regular column addresses readers’ investing issues.

Local lenders, as well as foreign banks, have been offering raised fixed deposit rates. PHOTO: ST FILE
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Q: Interest rates are coming down for Singapore Savings Bonds and Treasury bills. What is the outlook for rates, and should I still put my money in fixed deposits? Also, what are money market funds?

Rates are likely to head downwards; the question is when yields on fixed deposits, Treasury bills (T-bills) and Singapore Savings Bonds (SSBs) will also fall. 

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