This is not some news that every bank will publicise, and i only stumbled upon it when i was doing my internet banking tonight- DBS has slashed all rates on savings and time deposits by up to 50%, wef today (2 Mar 2009).
Read it yourself- http://www.dbs.com/sg/personal/deposit/notice/interest_rates/pages/default.aspx
who says Cash is King?? The banks are paying me peanuts so I feel more like a monkey.
More reason to withdraw all my money and put them in a biscuit tin.
I wont be charged service fee every month, nor have to queue at ATM to withdraw $$.....hmmm...the biscuit tin option is sounding more feasible as I think about it.
Just have to remind the maid not to throw my tin away though.....
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