Personal Finance
DBS Fixed Deposit Is Offering 1.40% per annum
By My Sweet Retirement  •  April 6, 2020
In this month’s search of The Best Fixed Deposits of April 2020, some readers have highlighted to me that DBS Bank is offering fixed deposit interest rates as high as 1.40% per annum. This is slightly lower than what MayBank have to offer at 1.45% per annum but it is still attractive. When you navigate to the DBS Bank Rates Online for Fixed Deposits, a banner that says “Revision of SGD Fixed Deposit interest rates from 2 April 2020. Click here for information on revised rates.” will appear at the top of the web page as shown in the below screenshot. Clicking on the link opens a PDF document that shows the revised interest rates. Alternatively, you can lookup the interest rate that you will get on the web page itself. Based on a deposit of S$10,000 at the interest rate of 1.40% per annum for 12 months, you...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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