For many months, I have been investing on the safe side by putting most funds into SSB, T bills and fixed deposits. Occasionally, I do a few trades on options. These will likely remain the strategy for the rest of the year as I look to save cash and dip into high yield dividend shares when the price corrects. The Aud fixed deposit was renewed for one month at 2.81%, a terrible rate as I was hoping for closer to 3%. Then RHB came out with a 4.55% offer which is the deal I have been looking for. Unfortunately, I do not have a bank account with them and the money is already committed. Next month, I face the issue of having to park excess cash from SCB Esaver to somewhere as the current interest rate promotion will expire.
Tip: Tenbu Junmai Ginjo, fruity melon, savory rich with a medium body