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UOB raises fixed deposit rates, nearing Nov 1998 peak of 3.11%

Jovi Ho
Jovi Ho • 2 min read
UOB raises fixed deposit rates, nearing Nov 1998 peak of 3.11%
UOB claims these are the highest rates among the three local banks.
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UOB has raised promotional rates on its Singapore dollar fixed deposits, with 10-, 12- and 15-month tenors now at 2.8%, 2.9% and 3.0% p.a. respectively. This is up from last month’s headline rate of 2.8% p.a.

In a statement on Oct 3, UOB claims these are the highest rates among the three local banks.

To enjoy UOB’s promotional rates, customers must deposit fresh funds of at least $20,000.

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