Invest
Top Stock Highlights of the Week: Singapore Banks Deposit Rates, Apple’s iPhone 14 Launch and Nio’s Earnings
By The Smart Investor  •  September 10, 2022
Welcome to the latest edition of top stock highlights where we write on the latest business events and earnings. Singapore bank deposit rates Along with surging global interest rates, the trio of local banks has also jacked up its deposit rates to keep up. Promotional interest rates on Singapore dollar (S$) fixed deposits have hit as high as 2.8% for a 24-month tenor. At this level, the rate slightly surpasses the 2.6% one-year return for the latest Singapore Savings Bond. United Overseas Bank Ltd (SGX: U11), or UOB, is offering an attractive interest rate of 2.6% on its one-year S$ fixed deposit. However, due to a large surge in customers, the bank has imposed a limit of five fixed deposit placements per customer. OCBC Ltd (SGX: O39) wasn’t far behind as it offered a 2.3% interest rate for the same product with a similar tenor. DBS Group (SGX: D05), Singapore’s largest bank, has, however...
Read the full article
By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance