DBS keeps its FD rates attractive as peers cut theirs

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 account (CASA) deposits among the local banking trio, now offers the highest rate among 10 financial institutions polled for FDs of S$20,000 for 12 months.