In January 2016, in a bid to have higher returns on my savings, I placed a portion of my savings into a fixed deposits plan with a bank which offered a good interest rate of 1.85% for a twelve-months placement term. That was during the time when banks were dangling goodies to attract savers to place their monies with them. Banks were competing with one another and my placement of my savings has entitled me to a good gift from the bank too. And from a newspapers today, I saw that the interest rate for the same plan by the same bank has gone south to 1.65% today. I thought it was quite fast that the interest rate has come down. It was just some time ago that some financial commentators were even suggesting that retail savers could wait a little while more as some bank may even ......