Deposit Rate
Simon-Kucher expert says Asia’s banks overspend with blanket deposit pricing
Simon-Kucher expert says Asia’s banks overspend with blanket deposit pricing
Most institutions simply follow central bank moves, offering the same rates to broad customers.
Maybank Singapore offers fixed deposit rates up to 3.05% per annum
The offer starts at a minimum placement of S$20,000 and a 6-month tenure.
Bank of East Asia raises savings rate to 0.125% per annum
It is also raising its HK dollar prime rate to 5.375% pa.
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