BHDUSDT
BitcoinHD / Tether USD
crypto

Hello, I was hoping to get some advice on what my best options may be for parking my emergency fund, as well as for any money that I'd like to save up to use within 1-3 years or so.
For context I'm from Bahrain, our currency (BHD) is pegged to the USD, and we have no forms of taxation to speak of other than VAT.
While reading up on this I've come across various options: HYSA, fixed deposit, money market mutual funds/ETFs, and ETFs like SGOV.
HYSAs do not seem to be commonplace here, coincidentally one bank here (ila Bank) has recently launched an HYSA called 'Savings+', it returns around 2.5% but requires a minimum deposit of BHD 3,000 (approx. $8,000) which is not an amount I have in cash right now. Alternatively they have a fixed deposit account which requires a more reasonable BHD 500 minimum deposit, and returns a higher 3% on 12 months. (This seems like the best local option.)
I am more so curious about money market mutual funds and other ETF options. Does our currency being pegged to the USD give any advantages when it comes to those money market ETFs tied to the USD, or those tied to US treasury bills, since our interest rate is aligned to that of the US? (I'm not really knowledgeable when it comes to this stuff so go easy on me if I'm mistaken!)
If any of these would be a good option, what are some Ireland-domiciled ETFs I could buy for this purpose? (Whether money market or US treasury bills.)

Hello, I was hoping to get some advice on what my best options may be for parking my emergency fund, as well as for any money that I'd like to save up to use within 1-3 years or so.
For context I'm from Bahrain, our currency (BHD) is pegged to the USD, and we have no forms of taxation to speak of other than VAT.
While reading up on this I've come across various options: HYSA, fixed deposit, money market mutual funds/ETFs, and ETFs like SGOV.
HYSAs do not seem to be commonplace here, coincidentally one bank here (ila Bank) has recently launched an HYSA called 'Savings+', it returns around 2.5% but requires a minimum deposit of BHD 3,000 (approx. $8,000) which is not an amount I have in cash right now. Alternatively they have a fixed deposit account which requires a more reasonable BHD 500 minimum deposit, and returns a higher 3% on 12 months. (This seems like the best local option.)
I am more so curious about money market mutual funds and other ETF options. Does our currency being pegged to the USD give any advantages when it comes to those money market ETFs tied to the USD, or those tied to US treasury bills, since our interest rate is aligned to that of the US? (I'm not really knowledgeable when it comes to this stuff so go easy on me if I'm mistaken!)
If any of these would be a good option, what are some Ireland-domiciled ETFs I could buy for this purpose? (Whether money market or US treasury bills.)