What happened?
I’ve been exploring where to park my cash in April. With market uncertainty still elevated, I want to make sure my emergency cash remains safe and accessible, while still earning a decent yield. Just as importantly, I’ve also been thinking about how to structure my cash holdings in a way that gives me greater peace of mind. On one hand, I’ve seen a slight increase in the Singapore 6-month T-bill yield in recent auctions, while the best fixed deposit rates in Singapore have shown some signs of stabilising. At the same time, some popular high-yield savings accounts like the OCBC 360 and Standard Chartered Bonus$aver accounts will be trimming their rates in May. With more discussion in the Beansprout community about where to park idle cash to earn passive income in Singapore without taking on too much risk, I’ll break down some popular options such as T-bills, fixed…
