Fairprice Plus Savings Account Rates

NTUC Fairprice Plus Savings Account Rates

Singapore-Savings-Account-Rates.blogspot.com presents the latest current NTUC Fairprice savings account rates. News from NTUC Fairprice's site (http://www.fairpriceplus.com.sg/savings/savings.shtm): NTUC Fairprice savings account rates will be lowered with effect from 1 August 2009.

The latest rates are shown today before August 2009 kicks in to prepare you for the NTUC Fairprice savings account rate changes.

Latest NTUC Fairprice Plus Savings Account Rates:
Savings Amount | Interest Rate (% p.a.)
First S$50,000 = 0.30
From S$50,001 to S$500,000 = 0.60
(Subject to maximum deposit of S$500,000)

Following closely the decline of POSB savings account rates, are the lowered rates an indication that the anaemic state of the economy will be prolonged?

Are banks and financial institutions finding it harder to earn money and profits for themselves to pay depositors like you some interest for your investment in their savings accounts?

Is it better to move part of your cash from savings accounts to invest in higher yielding financial investments?

Thanks for reading Singapore Savings Account Rates blogspot.com, where we bring you the latest and best savings account rates in Singapore.