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Deposit rates slow to catch up even as 3-mth Sibor advances

But risk-averse customers feel safer leaving money in banks even at low rates; SGS demand also up on fear of losses
Monday, January 19, 2015 - 05:50

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Maybank has not jacked up its fixed deposit (FD) rates since October though it has sweetened them with a free gift for big savers.

Singapore

INTEREST rates for borrowers may have shot up but savers will have to wait a while more before enjoying significant jumps in deposit rates. INFOGRAPHIC:

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