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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%

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Tay Peck Gek

Tay Peck Gek

Published Tue, Sep 10, 2019 · 09:50 PM
    Mixed bag: fixed deposit rates

    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.

    OCBCUOBDBSMaybankhong leong finance

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