Dear readers, where to get a high fixed deposit interest rate these days when the interest rates for fixed deposits are not as high as before? Where to get a high fixed deposit interest rate of 1.30% specifically? This 1.30% interest rate for a fixed deposit is high considering that the latest October 2020 Singapore Savings bonds that is open for subscription offers only an average of 0.26% for the first year of holding and an average of 0.90% over the maximum ten years of holding.
Without further ado, let me reveal the details of the 1.30% per annum high fixed deposit. This fixed deposit is none other than the DBS fixed deposit. For the first $1,000 to $19,999 deposited with DBS for 18 months, you would get a interest rate of 1.30% per annum (0.05% for amounts over and above the first $19,999 deposited). This translates into a return of $390 for a $19,999 fixed deposit over 18 months or about $21.70 return per month. This DBS fixed deposit rate is just one of the tiered deposit rates on offer by the bank, you could refer to the DBS Fixed Deposit interest rate here for the full tiered deposit rates.
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