UOB : Singapore Dollar Fixed Deposit Fixed deposit promotion singapore may 2015 Singapore Dollar Time Deposit - Standard Chartered Singapore


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The amount is calculated based on 90 days basis and is for illustration purposes only. Disclaimer The calculator is for your convenience fixed deposit promotion singapore may 2015 and you have chosen to use it and rely on any results at your own risk.

HSBC will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator. Actual Total Bonus Interest Amount earned may differ and subject to meeting the criteria set out in the Promotional Terms and Conditions.

Your Additional Bonus Interest Amount. Total Bonus Interest Amount. The amount is calculated on per month 90 days basis and is for illustration purposes only. Top-up amount means the increase in Deposits Total Relationship Balance for the relevant calendar month compared against the relevant Deposits TRB for the please click for source month.

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UOB : Promotions: Deposits

The upcoming Singapore Savings Fixed deposit promotion singapore may 2015 and stricter rules on how much capital banks must hold may be driving lenders to offer enticing promotional rates for fixed deposits. A shortage of funds on deposit available to banks for lending might also have prompted them to online casino promo code up the competition for cash.

Ms Kum Soek Ching, head of South-east Asia research at Credit Suisse, noted that banks could be offering promotions to prepare for the sale of the Singapore Savings Bonds SSBwhich could attract investments that would normally go into a fixed deposit. The bonds offer investors with a longer horizon a higher yield than fixed deposit rates, she said. Singapore Savings Bonds will start being issued in October and have a term of up to 10 years.

They offer yields linked to long-term Singapore Government Securities, which have been between 2 and 3 per cent over the past 10 years. But some analysts believe SSBs will likely only marginally impact bank deposits in the short term.

Increasing liquidity requirements may also pressure foreign banks into raising rates, analysts here noted. Ms Kum added that foreign banks could feel the pressure of increased deposit competition more, as they have a much smaller base of low-cost Singdollar deposits.

Read more reduced pace of retail deposits, in the light of slower economic growth and a rate hike in the United States, would put further pressure on short-term rates, Dr Chua said. Local and foreign banks The Straits Times spoke to said their promotions were part of regular efforts to keep fixed deposit interest rates competitive. Mr Matthew Fixed deposit promotion singapore may 2015, head here retail banking and wealth management at HSBC Singapore, said fixed deposits offered investors flexibility on terms while not limiting deposit amounts.

We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. Until we resolve the issues, subscribers need not log in to access ST Digital articles.

But a log-in is still required for our PDFs. Skip to main content. A shortage fixed deposit promotion singapore may 2015 funds on deposit available to banks for lending may also be leading them fixed deposit promotion singapore may 2015 step up the competition for cash. A version of this article appeared in the print edition of The Straits Times on July 23,with the headline 'Banks here offering higher fixed deposit rates'. Expecting mum on a budget: How to build a cosy baby nursery.


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