Q: I'm planning to put some funds into a fixed deposit now that the US Fed has raised rates. How can I maximise the rate that I earn? What makes more sense if rates rise further - a tenure deposit of eight months or 24 months?
Successfully managing your funds comes down to how well you are able to predict the direction of interest rates. While the pundits have their views, it is anybody's guess how fast and far rates will rise.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
