Banks likely to keep interest rates high on deposits as race for customers’ wallets continues

Banks have raised rates on fixed deposits and flagship savings accounts in recent months. PHOTO: ST FILE
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SINGAPORE – Interest rates on deposit accounts are tipped to climb further as banks battle it out to lure customers seeking higher-yielding assets, analysts told The Straits Times.

Banks have raised rates on fixed deposits and flagship savings accounts in recent months as the fight for market share intensifies.

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