05-03-2023, 11:52 AM
CREDIT Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy clients in Asia, sources said, as the embattled private bank seeks to stem outflows and stop its bankers from leaving.
The bank is offering a 6.5 per cent annual rate on new three-month deposits of US$5 million or above, said three sources who declined to be named as they were not authorised to speak to the media. The deposit rate was first reported by Bloomberg on Thursday (Mar 2).
Credit Suisse is also offering a rate of as high as 7 per cent for one-year deposits, the sources told Reuters.
https://www.businesstimes.com.sg/compani...as-wealthy
The bank is offering a 6.5 per cent annual rate on new three-month deposits of US$5 million or above, said three sources who declined to be named as they were not authorised to speak to the media. The deposit rate was first reported by Bloomberg on Thursday (Mar 2).
Credit Suisse is also offering a rate of as high as 7 per cent for one-year deposits, the sources told Reuters.
https://www.businesstimes.com.sg/compani...as-wealthy
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