Bank of Singapore's Finatiq Investment Account Interest Rate at 1% Per Year
For a financial institution that calculates interest on a daily basis and credits the interest earned on a monthly basis, look no further than finatiq's account, a part of Bank of Singapore. It is an investment account that pays interest like a savings account. Even if you do not use the funds to invest in unit trusts or fixed deposits, you can park money to earn daily interest until you make a decision on how best to deploy your funds.
No minimum sum is required for your savings to start earning money. No lock-in period is imposed to earn interest on your Singapore dollar cash. There are no physical queues at the bank branch. All financial transactions are done via the internet. You receive account statements via electronic means.
Check out details at finatiq here.
Current interest rate stands at 1% per annum as of today 19 June 2008.
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