Singapore Savings Bond Return Rises to 2.45% as T-Bill Yields Climb Toward 2%
The November bond issue and recent Treasury bill auctions show Singapore savers earning noticeably more on cash than they did a year ago.
Saving & Banking
Singapore
- Saving
Singapore Fixed Deposits Pay Up to 2.19% as Maybank, Hong Leong Finance Raise Offers
Promotional time deposits now pay more than six-month Treasury bills, though the best rates come with bundles, minimums and fresh-fund rules.
- India
Indian Bank Raises Special FD Rates to 6.80% as India's Big Lenders Lag the RBI Hike
The state lender added 15 basis points to two special deposits, while SBI, HDFC Bank and other large banks have kept most deposit rates unchanged.
- ExplainerExplainer
Money Market Funds vs. Deposits: Hong Kong Funds Net Up to 2.8%, Singapore Up to 1.7%
Funds offer daily access but no deposit insurance, and in both cities the best fixed deposits currently pay as much or more.
- Fraud Protection
India's Supreme Court Says Banks Should Repay Digital Fraud Victims' Losses
The court will review the RBI's draft KYC rules before they are notified, as new compensation rules for small frauds take effect Jan. 1.
- Savings Rates
Australian Banks Lift Savings Rates Up to 0.25 Point After RBA Hike to 4.85%
CBA, Westpac, ANZ Plus and ING have set increases from Nov. 13, but most of the gains go only to savers who meet monthly bonus conditions.
- Fraud Protection
South Korea Tightens Bank Cyber Rules After Hacks Expose 473,000 Financial Records
The Financial Services Commission plans 580 security inspections, an AI phishing index and backs a bill making banks pay voice phishing victims.
- Household Debt
Korea's Big Five Banks Add 2.77 Trillion Won in Household Loans in October
Mortgages rose for a seventh month and credit loans returned to growth, even with the Bank of Korea's policy rate at 3% after two hikes this year.
- Singapore
Singapore Savings Bond Average Slips to 2.39% as T-Bill Yield Falls to 1.86%
The December bond pays more in its first year but less over a decade, while heavy demand pushed the six-month bill yield lower.
- India
HDFC Bank Lifts FD Rates Up to 50 Basis Points, Top Senior Rate Reaches 7.20%
India's largest private lender raised rates on short and long deposits a month after the RBI's hike, but its one-year rate stayed at 6.25% and small finance banks still pay far more.
- Savings Rates
Bank of England Hike to 4% Puts UK Savers on Watch for Higher Easy-Access and ISA Rates
The first rate rise since 2023 should lift variable savings rates with a lag, but fixed bonds near 5.4% already price in much of the move.
