FHR6 vs 3M SORA – What’s the difference?

	FHR6	3M SORA
What is it?	FHR6 or Fixed Deposit Home Rate is a loan package that’s pegged to our bank’s 6-month Fixed Deposit interest rate.	3M SORA or Singapore Overnight Rate Average is the volume-weighted average rate of actual borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore, published in the last 3 months.
Type of interest rate	Floating; rate changes are based on the discretion of the bank, in response to market conditions.	Floating; based on overnight interbank borrowing rates and fluctuations are in response to changes to central bank policies and economic factors.
When and where is it published?	S$ Fixed Deposit rates are published on our website here.	SORA rates are published daily on the (MAS) website at 9am.

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