This latest move means that interest rates on fixed deposits in Singapore have hit their highest in almost 24 years.
The data from MAS does not track rates for 15-month fixed deposits. Advertisement
UOB has raised rates on its promotional Singapore dollar fixed deposits, with 10-, 12- and 15-month tenors now at 2.8%, 2.9% and 3.0% p.a. respectively.
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For a minimum placement of S$20,000 and a minimum tenure of 6-months, customers can enjoy a fixed promotion rate beginning at 2.8% under the bank's SGD Time ...
The promotion is open to individual customers only. Maybank Singapore has raised its fixed deposit rates to up to 3.05% per annum for the 15 month tenure, the bank announced. Maybank Singapore offers fixed deposit rates up to 3.05% per annum