20
Jul
Fixed deposits also called the time deposits proposed by banks and other financial institutions will allow you to obtain a guaranteed interest for the money you deposit for a specific cycle over a long period. Further, you are not required to do anything to obtain interest; you are obliged to leave your Singapore dollars in the bank for a particular duration to earn a fixed return. In addition, there has been a subsequent FD promotion in 2022 Singapore. For example, if a bank or a non-bank financial institution has a current growth of 1.25% interest rate p.a. for a cycle…