Singdollar deposits hit new high, with banks reporting that customers are saving more

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE - Retail deposits in Singapore have grown by up to 40 per cent at two local banks amid economic fall-out due to the Covid-19 outbreak, compared with a year ago, as more bank customers choose saving over spending.. Read more at straitstimes.com.

SINGAPORE - Retail deposits in Singapore have grown by up to 40 per cent at two local banks amid economic fall-out due to the Covid-19 outbreak, compared

with a year ago, as more bank customers choose saving over spending.Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Foreign currency bank deposits in Singapore hit record high in April as investors seek safe haven from global uncertaintiesSINGAPORE — With a pandemic causing financial markets to tank and lots more uncertainty still on the horizon, investors have been flocking to keep their cash in Singapore, with bank deposits in foreign currencies reaching an all-time high of S$26.9 billion in April.
Source: TODAYonline - 🏆 1. / 99 Read more »

Bank of America to pay US$7.23 million after overcharging mutual fund customers: FINRABank of America Corp agreed to pay US$7.23 million in restitution and interest to settle a U.S. regulator's accusations that it overcharged ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

CIMB Bank Singapore U-turns on mortgage floor rate hike after customer uproarCIMB Bank Singapore is backtracking on its intended mortgage floor rate hike, following pushback from incensed customers who have banded together to challenge the bank’s earlier decision. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

CIMB Bank to maintain mortgage floor rate after customer backlash against plan to raise itSINGAPORE — CIMB Bank said it would be maintaining its mortgage floor rate, after an earlier decision to increase it to 0.9 per cent from 0.1 per cent set off alarm among homeowners who have taken up loans with the bank.
Source: TODAYonline - 🏆 1. / 99 Read more »

CIMB bank to maintain mortgage floor rate after customer backlash against plan to raise itSINGAPORE — CIMB bank said that it would keep to its mortgage floor rate, after an earlier decision to increase it to 0.9 per cent from 0.1 per cent set off alarm among homeowners who have taken up loans with the bank.
Source: TODAYonline - 🏆 1. / 99 Read more »

EM ASIA FX-Indonesian rupiah hits near 3-month high as bonds extend rallyREUTERS
Source: TODAYonline - 🏆 1. / 99 Read more »