SG Talk

Full Version: Banks likely to keep interest rates high on deposits
You're currently viewing a stripped down version of our content. View the full version with proper formatting.
Banks likely to keep interest rates high on deposits as race for customers’ wallets continues

UPDATED 27 DEC 2022, 10:55 PM SGT

SINGAPORE – Interest rates on deposit accounts are tipped to climb further as banks battle it out to lure customers seeking higher-yielding assets, analysts told The Straits Times.

Banks have raised rates on fixed deposits and flagship savings accounts in recent months as the fight for market share intensifies.