After considering UOB Stash Account, where should you park your next 100K in 2025? If you’ve read my earlier discussion on the UOB Stash Account, you’ll know I’ve projected to earn a total of S$3,004.91 in interest by placing 100K there from January through December 2025. Now that the UOB Stash Account is maxed out, it’s time to explore other lucrative options for another 100K deposit.
Lately, fixed deposit interest rates offered by banks in Singapore have been declining. This trend coincides with a decrease in the Singapore Overnight Rate Average (SORA), which had dipped to 2.08% as of March 13, 2025. This is the lowest level observed since December 2022. So, what exactly is SORA? It stands for the volume-weighted average rate of unsecured overnight interbank SGD transactions conducted in Singapore.
You see, in Singapore, interest rates on several financial products, especially loans and savings vehicles like fixed deposits, are closely tied to fluctuations in SORA. Given the current trajectory of rates, anyone looking to optimize their savings strategy will need to consider how these lower yields might impact their potential returns. It’s essential to keep an eye on these trends and perhaps begin exploring alternative banking products or strategies as you plan your financial future for the remainder of the year.
