Dear readers, I am pleased to share with you the fixed deposit interest rates of two of Singapore’s largest banks, UOB and OCBC.
Let’s talk about the interest rates from UOB first. From today to 31 May 24, for a minimum deposit amount of S$10,000 (fresh funds), enjoy:
2.70% per annum for a 6-month deposit or
2.60% per annum for a 10-month deposit
As for OCBC, OCBC is offering 2.50% per annum (via branch walk-in) or 2.80% per annum (via online) for a 6-month deposit and 2.80% per annum (via online) for a 12-month deposit
Definitely, the interest rates from UOB and OCBC are below the rates offered by the Singapore 6-month Treasury Bills or the Singapore Savings Bonds, but I believe they are reasonable. Beside, diversifying one’s capital among the different institutions for fixed deposits, T-bills and savings bonds help to diversify any possible risk.
For more info, visit OCBC and UOB websites below today:
Singapore Dollar Fixed Deposit | UOB Singapore
OCBC Time Deposit | Fixed Deposit Singapore | FD Rates & Promotion
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