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DBS keeps its FD rates attractive as peers cut theirs

Its decision likely due to the prevailing macroeconomic uncertainty

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Tay Peck Gek

Tay Peck Gek

Published Wed, Apr 8, 2020 · 09:50 PM
    Downward trending

    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.

    fixed deposits

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