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.
Connection is secure Checking if the site connection is secure Occasionally, you may see this page while the site ensures that the connection is secure.
SINGAPORE: 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% per annum ...
[...(click on link for full story on theedgesingapore.com) ](https://www.theedgesingapore.com/capital/banking-finance/uob-raises-fixed-deposit-rates-nearing-nov-1998-peak-311) In a statement on Monday (Oct 3), UOB claims these are the highest rates among the three local banks. This is up from last monthโs headline rate of 2.8% p.a.