Changes In Interest Rates
SINGAPORE, OCT. 10 - DBS Bank's Prime Rate will be reduced by 0.25% p.a. to 4.5% p.a. with effect from October 11, 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 |
0.750 |
-0.250 |
| 2 - 5 months |
0.875 |
-0.250 |
| 6 - 9 months |
1.250 |
-0.250 |
| 10 - 11 months |
1.375 |
-0.250 |
| 12 months |
1.500 |
-0.250 |
| 24 months |
1.750 |
-0.250 |
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 |
0.500 |
-0.250 |
| Next $47,000 |
0.500 |
-0.250 |
| Remaining balances above $50,000 |
0.750 |
-0.250 |
| For DBS Savings Plus Account Balances: |
| First $3,000 |
0.500 |
-0.250 |
| Next $47,000 |
0.500 |
-0.250 |
| Remaining balances above $50,000 |
0.750 |
-0.375 |
| For POSB Savings Account Balances (tax-exempted): |
| First $3,000 |
0.500 |
-0.250 |
| Next $47,000 |
0.500 |
-0.250 |
| Remaining balances above $50,000 |
0.750 |
-0.375 |
| For DBS Autosave Account Balances: |
| First $3,000 |
0.500 |
-0.250 |
| Next $47,000 |
0.750 |
-0.250 |
| Remaining above $50,000 |
0.875 |
-0.375 |
| CPF Investment Account: |
| Below $25,000 |
0.500 |
-0.250 |
| $25,000 or more |
0.625 |
-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).
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