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VIRUS OUTBREAK

DBS keeps its FD rates attractive as peers cut theirs

Its decision likely due to the prevailing macroeconomic uncertainty

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"The move (by DBS) is also a sign of confidence to its external stakeholders (investors and depositors alike) that the bank is able to commit to a six- to 12-month fixed deposit at a higher interest rate." - Phillip Securities analyst Tay Wee Kuang

Singapore

INTEREST rates for fixed deposits (FDs) have gone down - in tandem with the slashing of the United States Federal Reserve funds rate - some by as much as 1.02 percentage points.

DBS Bank, which has the largest market share of the low-cost current account and savings...

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