Banks around the world should probably check their feng shui, because things are not going well. Hot on the heels of a spectacular triple collapse featuring Silicon Valley Bank, Signature Bank and Silvergate Capital, the latest victim is none other than Credit Suisse. On March 19, 2023, the Swiss bank was taken over by its rival, UBS Group. Credit Suisse.
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Earlier this week, UOB announced that they are raising the interest rate of their One Savings Account to up to 7.8per cent p.a interest. UOB is not alone in doing so. Across the board, we see banks in Singapore fighting to remain competitive by offering increasingly attractive interest rates to encourage people to deposit their money with them. During the.
Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don't need to do anything to earn this interest, just park your money with a bank. Think of it like mould on a piece of bread. Just leave it out in the open and mould will grow free on your.
Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don’t need to do anything to earn this interest, just park your money with a bank. Think of it like mould on a piece of bread. Just leave it out in the open and mould will grow FREE! .