HSBC Singapore Savings Interest Revised Downwards

HSBC Singapore Savings Interest Revised Downwards

HSBC Bank Singapore has revised their interest rates downwards since early February 2009.

Their Premier Account for deposited sums of $50000 to less than $100000 has dropped to 0.55% per annum from 0.60% previously. For sums above $100K, it now earns 0.80% per annum instead of 0.85%.

Will other Singapore banks and financial institutions follow suit and lower their savings account interest payments?

Keep reading Singapore Savings Account Rates to find out what is the worth of your deposits in terms of interest earned.