The Bank’s Historical Interest Rates
Since I started tracking bank interest rates in January last year in the post “Earn up to 2% 1.6% 1.2% 1.38% p.a. in a Savings Account“, bank interest rates have slowly been sliding downwards.
I thought it would be interesting to be able to see on one page, how high interest rates were previously, and which banks change their interest rates the most often:
16 March 2009:
Standchart’s e$aver dropped interest rates for $50k and above.
(note that e$avers has a special Bonus Rate of 2.00% promo for limited period.)
UOB dropped their interest rates for all categories.
16 February 2009:
Maybank iSavvy dropped their interest rates for $5k-$50k, and above $50k.
12 February 2009:
Fairpriceplus dropped their interest rates for less than $50k.
20th October 2008:
Standchart’s e$aver dropped interest rates for all categories.
4th August 2008:
Standchart’s e$aver dropped interest rates for all categories.
25th July 2008:
UOB High Yield dropped interest rates for all categories except from $500k-$1mil.
Standchart’s e$aver dropped interest rates for all categories.
4th April 2008:
UOB High Yield dropped interest rates for all categories.
Maybank iSavvy dropped their interest rates for $5k-$50k, and above $50k.
30th Jan 2008:
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Tags: e$aver, high yield, interest rates, investment, iSAVvy, maybank, Money Saving Tips, savings, standard chartered, uob, XtraSavers
February 13th, 2009 at 11:44 am
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February 14th, 2009 at 10:08 am
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February 26th, 2009 at 10:02 am
the StanChart eSaver rates listed above for Feb 2009 and Oct 2008 are not the highest because it excludes bonus interest. Bonus interest is payable if the average daily balance exceeds the average daily balance of the reference month which is the month before the interest rate promotion is launched. There were at least four such promotions in the last eighteen months.
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