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In The Money
Relooking fixed deposits as interest rates rise
This fortnightly column addresses readers’ queries on investing issues. This week, we look at rising interest rates.
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Structured deposits offer better interest rates and regular payouts.
ST PHOTO: KELVIN CHNG
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Q: I'm planning to put some funds into a fixed deposit now that the US Fed has raised rates. How can I maximise the rate that I earn? What makes more sense if rates rise further - a tenure deposit of eight months or 24 months?
Successfully managing your funds comes down to how well you are able to predict the direction of interest rates. While the pundits have their views, it is anybody's guess how fast and far rates will rise.
