Standard Chartered Bank FDR Fixed deposit Rate to Rise

Standard Chartered Bank FDR 48-month fixed deposit rate to rise from 0.5% to 0.9%. It’s official. Our home loan customers have been calling us after they received the notice from Standard Chartered Bank (SC Bank). Following hot on the heels of DBS FHR Fixed Home Rate in raising it’s reference Fixed deposit rate. The fixed deposit rate is used as a reference in which to price housing loans in Singapore. The original creator of such packages is Development Bank of Singapore (DBS). They are soon followed by Oversea Chinese Banking Corporation (OCBC), United Overseas Bank (UOB), Standard Chartered Bank (SC) and Maybank (MB).