Deposit Rate

Non food-industry borrowing reached $21b, reflecting stronger corporate financing needs.

Household savings held by private lenders climbed from 30% in 2020 to 35% by 2025.

Most institutions simply follow central bank moves, offering the same rates to broad customers.

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

It is also raising its HK dollar prime rate to 5.375% pa.