SINGAPORE - The fight for depositors’ money is showing no signs of cooling down as banks raise savings and fixed deposit rates to stem the outflow of funds to other higher-yielding instruments like Treasury bills (T-bills) and Singapore Savings Bonds.
As the banks raise rates to attract depositors, home loan rates will be playing catch-up.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
