We all know by now that leaving our excess cash in a bank savings account is not the best idea. After all, with some savings accounts giving interest rates as low as 0.05% per annum, the meagre returns are insufficient to help us beat inflation in the long run., such as multiplier accounts with higher interest rates, may make you jump through more hoops to unlock higher interest rates.
Maybe you’re not keen on parking your cash in the Singapore Savings Bond (SSB) for 10 years or Singapore Government Securities (SGS) bonds for the full tenor (up to 50 years). Maybe you’re seeking an alternative to fixed deposits. Or maybe you are looking for a place to stash your cash until the looming global recession tides over. Whatever the reason, if you’re hoping to reap a higher return on your excess cash, T-bills might just be your answer. In this guide, we will dive into the ins and outs of T-bills so you can decide if they’re a good addition to your portfoli
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Source: IndependentSG - 🏆 9. / 63 Read more »