Time to grab banks' promotional fixed deposit rates before probable interest rate cut at next US Fed meeting?

Singapore

SAVERS may want to consider locking in the higher fixed deposit rates available now before banks and financial institutions here take the cue from the dovish United States central bank and cut their fixed deposit rates.

Since The Business Times last reported on the battle for fixed deposits in November last year, several financial institutions here have raised their rates again - by about 0.1 to 0.2 per cent per annum.