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).
|12 – month||$20,000 to $999,999||1.40 % pa|
|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.
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