I have been looking around for bank Fixed Deposit promotions to help my mom put some of her rotting cash to work. As my mom is totally risk averse, this would be the "next best" capital-guaranteed alternative besides SSB. No more SSB for now since the rate for SSB went rolling downhill.
I was elated to see that DBS is still offering a 1.15% interest rate for its one year FD tenor when most of the other banks are at 1% or less. This elation ended shortly after I went online to try and make an FD placement on DBS ibanking. I could only select up to 11 months tenor. I thought the system has a bug or something, so I tried on digibank but it was the same case.So I rang up the DBS phoneline to inquire. The answer I got was that for all new FD placement, customers...