In The Money

Investing in fixed deposits: Shop around to get the biggest bang for your buck

This fortnightly column addresses readers’ queries on investing issues. This week, we look at rising interest rates.

Some banks offer additional interest for favoured customers who deposit more money with them. ST PHOTO: NG SOR LUAN
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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?

The wealth of fixed-deposit promotions flooding the market means there is a relatively attractive interest rate for each tenure.

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