[pinkypanther]

Interest rates for fixed deposits in Singapore are inching up above 4 per cent, as banks continue to dish out sweet deals amid a competition for cash.

At OCBC, customers of the bank’s flagship 360 savings account can get a per-annum rate of 4.08 per cent for a minimum placement of S$20,000 over eight months as part of a Chinese New Year promotion rolled out this week. Non-360 customers get a rate of 3.88 per cent.

The bank is also offering its Premier Banking and Premier Private clients a promotional rate of 4.18 per cent for an eight-month fixed deposit.

“This is the highest Singapore-dollar time deposit interest rate we have offered to customers in recent history,” said OCBC Bank's head of deposits Na Kok Peng.

An eight-month tenor was offered for the promotion as the number symbolises prosperity in Chinese, Mr Na said, adding that a shorter tenor also offers customers greater flexibility.

OCBC is the only local bank to have rates for fixed deposits above 4 per cent so far.

More at https://www.bannedsite.com/forum/current...f-oa-s-2-5

[klat]

At OCBC, customers of the bank’s flagship 360 savings account can get a per-annum rate of 4.08 per cent for a minimum placement of S$20,000 over eight months as part of a Chinese New Year promotion rolled out this week. Non-360 customers get a rate of 3.88 per cent.

Bluff one. Cannot find even for existing 360 account holder

[sgh]

CIMB FD since Dec 2022 already 4% above. Today I update the Business News FD lobang CNY FD promo 4.18% 12 months 20k plus $10 cash which will be 4.23%

[Sentinel]

So good or not?

[singaporean1964]

no need
just buy ocbc stock at current level
a few mths it will go up
and u get more than 4 %

tue the stock was at $12.7 cents
friday close at 12.50cents
immediately
just hold 1 week
u earn 4% on the stock

[FangFang]

Lols,, rate up no need to change our life style lah.