facebookHi! I have about $40k of funds not needed for 6 months. Any recommendations where I can put in to (FD or sth) to earn interest. Thanks! Already on ocbc and uob savings accounts - Seedly

Anonymous

11 Apr 2023

General Investing

Hi! I have about $40k of funds not needed for 6 months. Any recommendations where I can put in to (FD or sth) to earn interest. Thanks! Already on ocbc and uob savings accounts

Discussion (23)

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Unless your bank's fixed depost give you a better rate, I feel T-bills will be the safest and most reliable. You will get back $40k after 6 months.

FDs the current rates for Cimb should be not bad

Or Standard Chartered eSavers Account (https://www.sc.com/sg/save/savings-accounts/esaver) - which gives 3.80% p.a. interest for fresh funds?

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How about HSBC eGA Account - which even offers quite a good interest rate (compared to FD) ?...

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