Latest Promotional Interest Rates for Fixed Deposits

OCBC and UOB have promotional interest rates for 12-month and 13-month Singapore dollar fixed deposits respectively. Both banks require fresh funds for these promotional interest rates. I see that fixed deposit interest rates have moved up since I wrote about them previously (10 Nov 2014).

OCBC

Tenor Amount Interest Rate
12 – month $20,000 to $999,999 1.40 % pa

UOB*

Tenor Amount Interest Rate
13 – month minimum $20,000 1.35 % pa

* Promotion ends 31 March 2015.

As for DBS Bank, I could not see any promotional rates for fixed deposits on its webpages. The usual board rate applies. For 12-month tenure fixed deposit, the interest rate is 0.25% pa for amount up to $999,999.

POSB Savings account pays interest at 0.05% per annum for savings up to $350,000.

Go to the homepages of these banks and see for yourself as to the end of these promotional interest rates.

Copyright © 2015, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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