Changes In Interest Rates
SINGAPORE, SEP. 26 - DBS Bank's Prime Rate will be reduced by 0.25% p.a. to 4.75% p.a. with effect from September 27, 2001.
The posted board rates for Fixed Deposits of amounts less than $50,000 are as follows:
| Period | New Rates (% p.a.) | Changes (% p.a.) |
| 1 month | 1.000% | No change |
| 2 - 5 months | 1.125% | - 0.125 |
| 6 - 9 months | 1.500% | - 0.250 |
| 10 - 11 months | 1.625% | - 0.250 |
| 12 months | 1.750% | - 0.250 |
| 24 months | 2.000% | - 0.125 |
The new rates for DBS Savings, DBS Savings Plus, POSB Savings, DBS Autosave, and CPF Investment Account are as follows:
| For DBS Savings Account Balances: |
| | New Rates (% p.a.) | Changes (% p.a.) |
| First $3,000 | 0.750% | - 0.250% |
| Next $47,000 | 0.750% | - 0.375% |
| Remaining balances above $50,000 | 1.000% | - 0.250% |
| For DBS Savings Plus Account Balances: |
| First $3,000 | 0.750% | - 0.250% |
| Next $47,000 | 0.750% | - 0.375% |
| Remaining balances above $50,000 | 1.125% | - 0.250% |
| For POSB Savings Account Balances (tax-exempted): |
| First $3,000 | 0.750% | - 0.250% |
| Next $47,000 | 0.750% | - 0.375% |
| Remaining balances above $50,000 | 1.125% | - 0.250% |
| For DBS Autosave Account Balances: |
| First $3,000 | 0.750% | - 0.250% |
| Next $47,000 | 1.000% | - 0.250% |
| Remaining above $50,000 | 1.250% | - 0.250% |
| CPF Investment Account: |
| Below $25,000 | 0.750% | - 0.250% |
| $25,000 or more | 0.875% | - 0.250% |
Rates for higher amounts for Fixed Deposits can be obtained from DBS/POSB branches or from the DBS Rates Information Services (1800-111 1111).
|