Bank Interest Rate

CIMB Singapore raises deposit interest rate tenfold to up to 2% annually

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

CIMB Singapore raises deposit interest rate tenfold to up to 2% annually

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

RHB Singapore raises deposit interest rates to up to 5.5%

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.

Earnings remain key weakness of Japanese banks: Fitch

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

Higher rates to raise Asian bank’s net interest margins, but risks may intensify

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