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In The Money
With rates falling, should you still put money in fixed deposits?
This regular column addresses readers’ investing issues.
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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.
