Interest Rate

The Federal Reserve (Fed) recently reduced its benchmark interest rate by 25 basis points, bringing it to a range of 4.25% to 4.5%. Investing This move has significant implications not only for the U.S. economy but also for global financial markets, including Singapore. Singapore's Monetary Policy Framework Unlike many countries that utilize interest rates as a primary monetary policy tool, Singapore's central bank, the Monetary Authority of Singapore (MAS), employs exchange rate targeting. MAS manages the Singapore dollar against a basket of currencies,...

Choosing the right bank account can be a daunting task, with so many options available in the market. When it comes to savings accounts, DBS Bank is a popular choice among Singaporeans. However, which DBS account is better for you? Let’s explore the two main options: DBS Multiplier and DBS Savings Plus. DBS Multiplier is a high-interest savings account that offers up to 3.8% p.a. interest rate, depending on the amount deposited and the number of eligible transactions made. The account requires customers to fulfil certain criteria to qualify for the higher inter...