Singapore banks raise promotional rates in race for deposits - Printable Version
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Singapore banks raise promotional rates in race for deposits - hansamu - 01-05-2022
AS interest rates rise, the jostle for deposits has also begun.
Banks in Singapore have launched a series of fixed deposit promotions in the past month, with rates going up to 1.3 per cent for 24-month tenures, as of this week.
While board rates have largely remained unchanged, observers expect promotional rates on fixed deposits to continue inching up amid rising rates. Most banks The Business Times spoke to also said they revise promotional rates based on....
Local banks always lag behind foreign banks in upping interest rates for retail savers.
RE: Singapore banks raise promotional rates in race for deposits - dynamite - 01-05-2022
Give 1 %. What a joke
RE: Singapore banks raise promotional rates in race for deposits - sgbuffett - 01-05-2022
I think we will see housing loan rise to 3% then to 5% in 2 yrs
RE: Singapore banks raise promotional rates in race for deposits - hansamu - 01-05-2022
(01-05-2022, 01:44 PM)sgbuffett Wrote: I think we will see housing loan rise to 3% then to 5% in 2 yrs
If you are not investing in properties, you don't have to worry.