[lvlrsSTI]

Banks' FD rates are surging up, many offering around 1% or more for longer periods. 

Hopefully, they fight fiercely with higher, irresistible rates to benefit all retail savers. 

Local banks can never take the lead to up FD rates.

Not surprised as US Federal Reserve is going to increase interest rate 6 times this year to fight inflation, in the next rate hike in May instead of 0.25%, it will increase 0.5%….so the FD rate can go beyond 2% by year end.