Sharing my own research of fixed income options since interest rates have increased to a point that cash can actually get pretty decent yields. I’ve been on a drive to optimise yields on my idle cash, be it for my emergency funds, kids education funds, vacation/fun funds, or investment funds.
I’ve also included relevant links for ease of reference. Please double check and DYODD, since I can’t guarantee accuracy. I endeavour to keep this updated monthly, but no promises. Also note that this list is far from exhaustive. I’m just including the ones I personally find worthy or appealing.
Besides looking at the interest rates, take note also of the various tenures, minimum amount required, maximum amount allowed, and other qualifying criteria (especially for savings accounts).
In general, T-bills and SSB are the safest since those are backed by the Singapore government. The next safest are SGD-denominated savings and fixed deposits with banks which are insured by SDIC up to SGD 75k per depositor per Scheme Member bank. If you’re willing to take a bit more risk in return for higher yields (most of the time), you can consider cash / money market funds.
Hope this serves as a useful overview and guide. With interest rates in excess of 3%, don’t leave your cash sitting idle earning low yields!
Seedly has updates their posts on fixed deposits, T-bills, and SSB regularly, so check those out too.