Bank Interest Rate

Tightening of interest rate cycles in 2023 will weaken asset quality, says Fitch.

And France’s Orange exploring “all opportunities” amidst reports it's selling its bank arm.

The offer starts at a minimum placement of S$20,000 and a 6-month tenure.

StarSaver savings account holders can enjoy the new rate without any deposit caps.

It attributed this to the “recent spate of competitive rising rates by local banks.”   RHB Singapore has joined the bandwagon of local banks that have raised the interest rates for their deposit accounts.

Impact of rising interest rates in the US will be mixed, the ratings agency said.

Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.