Better safe than sorry
Maximum interest rate investors can get is just 0.88 per cent down from 1.2 per cent. -ST
Sun, Mar 15, 2009
The Straits Times
By Linette Lai and Joanna Seow
THE interest rates on fixed deposit and savings accounts are nearing the lows of 2003, but investors are resigned to keeping their money there, not so much to earn high returns but for safety's sake.
Across the board, interest rates have been sliding downwards.
DBS, for example, has cut its interest rates on both fixed deposit and savings accounts.
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