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Most financial institutions cut or hold fixed-deposit rates steady
Of nine financial institutions polled by BT, only Maybank bucks trend by raising interest rate from 2% to 2.1%
Published Tue, Sep 10, 2019 · 09:50 PM
Singapore
FIXED deposit rates have come down at some financial institutions in Singapore, with the economic outlook trending towards lower interest rates following the United States' slashing of its benchmark lending rate in July.
In Singapore, Maybank has bucked the trend by raising its rate for this type of savings.
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