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Image via Wikipedia Standard Chartered reduced eSaver Savings Account interest rate yet again! Effective 1 Jan 2011, the interest rate for eSaver Account is 0.15% p.a. That is 0.05% difference from the previous 0.2% p.a. interest. Throughout the years, eSaver have went through a few rounds of interest rate deduction and this is the new [...]

Citibank is going to reduce the interest rate for the step-up account again. From my march 2010 electronic statement: Effective 1 May 2010, the interest rates for SGD Step-Up Interest Accounts and Tap and Save Accounts will be revised to: Base Interest 0.14% p.a Bonus Interest per Step-Up Counter 0.03% p.a (Maximum Step-Up Counter = [...]

Citibank’s Step-Up Interest Account & FairPrice Plus Savings Account has reduced their interest rate yet again! Bad news for us who have savings in these accounts. Step-Up Interest Account still offers the highest interest rate if you have managed to step-up to the max. You might want to consider Maybank’s iSAVvy Savings Account or StandChart’s [...]

POSB MySavings Account Interest Rate Dropped by almost half from the previous rate. The interest previously: Monthly Savings Amount Interest Rate $50 – $290 0.4500 $300 – $790 1.0000 $800 – $1,490 1.2000 $1,500 – $3,000 1.5000 The interest now: Monthly Savings Amount Interest Rate $50 – $290 0.4000 $300 – $790 0.4000 $800 – [...]

Finally FairPrice Plus is going to drop the interest rate for their Savings Account Interest. From their website, it states: Wef 1st Mar 09, the new FairPrice Price interest rates will function as:  First S$50,000  0.5% p.a.  From S$50,001 to S$500,000  1.0% p.a. (limited to maximum deposit of S$500,000) Scenario 1: If customer has S$60,000, [...]