What happened?
Interest rates continue their decline in August. We saw the yield on the 6-month Singapore T-bill dipped further to 1.77%. The best fixed deposit rates in Singapore have also fallen. Meanwhile, the interest rate on OCBC 360 savings account has also been cut in August 2025. Starting from 1 September 2025, UOB One account and Mari Savings Account would also follow suit. After we shared a few ways to generate passive income in Singapore, there was much discussion in the Beansprout community on the best places to park cash savings amid falling rates. In this article, I’ll break down some popular options such as T-bills, fixed deposits, Singapore Savings Bonds (SSBs), and money market funds to see where they stand right now. We’ll cover: The latest interest rates on fixed deposits, T-bills, SSBs, and money market fundsPros and cons of each optionWhat I personally look at when deciding where to park my spare cashAnd the strategy I’m using…
