Dear readers, the interest rates of Singapore banks fixed deposits have become more and more attractive!
Just some months back, the fixed deposit interest rates crossed the 3% per annum mark. And now, interest rate of one bank is at almost 4%!
UOB is offering 3.95% per annum fixed interest for tenors of 6, 10 or 12 months for fresh funds of $1million and above.
For deposits of $50,000 to $999,999, the interest rates are still attractive at 3.85% per annum.
A still attractive interest rate of 3.55% per annum is on offer for deposits of $10,000 to $49,999.
With such good interest rate offering, I believe UOB now offers one of the best fixed deposit interest rates in town.