The Business Times
MARK TO MARKET
·
SUBSCRIBERS

Banks are raising interest rates even as investors have been piling into stocks – what happens now?

Investors should tread carefully as steadily rising interest rates gradually erode the attractiveness of stocks

Ben Paul

Ben Paul

Published Mon, Nov 21, 2022 · 05:50 AM
    • CPF could be on the brink of adjusting Special Account interest rates, as 10-year Singapore government bond yields have climbed to more than 3.1 per cent
    • CPF could be on the brink of adjusting Special Account interest rates, as 10-year Singapore government bond yields have climbed to more than 3.1 per cent BT FILE

    FORGET cryptocurrencies and cryptocurrency exchanges. With interest rates rising, the most exciting investment products at the moment seem to be savings and fixed deposit accounts.

    This past week, even as heavyweight investors such as Temasek Holdings, Sequoia Capital and SoftBank Group counted the cost of their failed investments in FTX, OCBC made headlines with the launch of a 12-month fixed deposit product aimed at Central Provident Fund (CPF) members that pays 3.4 per cent per annum.

    The fixed deposit product is being offered under the CPF Investment Scheme (CPFIS), which allows CPF members to invest in everything from stocks and bonds to unit trust funds and endowment policies.

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More