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Articles by Chocolate Finance
Why fixed deposit rates are falling in Singapore and what you can do about it
September 18, 2025
Lowering interest rates means fixed deposits are losing their lustre. Here’s why that’s happening, and some alternative ways to grow your money. Fixed deposit rates in Singapore continue their downward slide, with 12-month rates topping out at 2.45% p.a. as of September 2025 – a far cry from the glory days of around 4% p.a. returns, last seen in 2023. Low fixed deposit rates means depositors are getting less-than-optimal returns, which impact financial goals especially over the long run. Fixed deposits are attractive because they offer risk-free returns, but this value proposition dwindles as interest rates fall. And in the face of alternative solutions that offer higher returns with a similarly low risk profile, isn’t it time you reconsider your approach to growing your money?
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What is a Singapore Dollar fixed deposit?
September 19, 2025
When we are looking at safe and secure ways to get a return for our short-term cash holdings, there are a select number of options that are regularly proposed to investors. That’s no surprise because there really isn’t some massive secret to earning a decent yield on your cash savings. You’re never really going to earn more than 3% so, as the saying goes, “if it sounds too good to be true then it probably is”.
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What’s an MCC (Merchant Category Code) – and why does it matter for your Chocolate Visa card?
September 2, 2025
Ever had your card declined and not sure why? Or wondered why you didn’t earn as many miles as you thought you would? We often get questions like: “Why was my transaction declined?”, “Why didn’t I get miles for that purchase?”, “What even is an MCC?” So, we thought we’d break it down. Here’s everything you need to know about Merchant Category Codes (MCCs), how they work behind the scenes, and why they matter when you spend with your Chocolate card.
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Taking the MRT or Bus with your Chocolate Visa Card: Here’s what you need to know
July 9, 2025
Yes, you can use your Chocolate Visa card to tap in and out of MRT stations and buses across Singapore. No more top-ups or ticket queues – just tap and go.Here’s how it works, what to expect, and how to stay on track if something goes wrong.
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What’s the best rate for your USD savings in Singapore in 2025?
September 16, 2025
If you’re holding spare cash in Singapore and looking to diversify beyond the Singapore dollar, putting your USD to work could be a smart move. With shifting interest rates and ongoing global uncertainty, many are turning to USD-denominated options for stronger returns compared to those currently available in SGD rates. In this market overview, we’ll highlight some of the best USD lower-risk savings and investment options in Singapore for your spare cash, beyond just the traditional bank accounts. While standard USD savings accounts often come with low yields or restrictive conditions, several alternatives offer better rates without significantly increasing your risk.
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Why not just invest in the underlying Chocolate Finance funds yourself?
May 30, 2025
Short answer: You can.Better answer: But you’ll be giving up quite a few perks when you do.There’s been some chatter about whether you could build a similar portfolio yourself by investing directly in the same funds. We’re flattered, honestly. It means people are starting to appreciate how Chocolate makes money work behind the scenes — and some have even suggested trying to reverse-engineer our "secret sauce" and go DIY. But here’s the thing: the ingredients aren’t the whole recipe. Chocolate isn’t just a bunch of funds — it’s a thoughtfully built experience with features, access, and automation designed to make your money work harder, smoother, and smarter. With a lot less effort on your end.
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What’s the best rate for your money in Singapore in 2025?
November 10, 2025
We all have cash sitting idle — whether it’s for an emergency fund or the next holiday — and now is a great time to think about how to make that money work harder for you. Whether you’re saving for short-term goals or looking to earn a little extra on the side, understanding your options is key. In this market overview, we’ll break down some of the best lower risk investment options outside of traditional bank savings accounts for your spare cash in Singapore right now — from fixed deposits to Singapore Savings Bonds and everything in between.
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