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Oct 20, 2008

Interest Rate Revision iSAVvy Savings Account


Interest rate revision for iSAVvy Savings Account

With effect from 20 October 2008, the interest rates for iSAVvy Savings Account will be revised upwards. Details of the revised savings account interest rates are as follows:

Essentially, the interest rate for Singapore Dollar savings amount between S$5000 and S$50000 has been revised from 0.88% p.a. to 1.08% p.a.

Old Interest Rates:
Daily balance below S$5,000
0.25 % p.a.

Daily balance of S$5,000 to below S$50,000
0.88 % p.a.

Daily balance of S$50,000 and above
1.18 % p.a.

New Interest Rates (Effective from 20 October 2008):
Daily balance below S$5,000
0.25 % p.a.

Daily balance of S$5,000 to below S$50,000
1.08 % p.a.

Daily balance of S$50,000 and above
1.38 % p.a.

Rates are applicable to new and existing iSAVvy Savings Accounts and are subject to change. Terms and conditions apply to this new savings account using the new interest rates.

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