Citibank’s Step-Up Interest Account & FairPrice Plus Savings Account has reduced their interest rate yet again!
Bad news for us who have savings in these accounts.
Step-Up Interest Account still offers the highest interest rate if you have managed to step-up to the max. You might want to consider Maybank’s iSAVvy Savings Account or StandChart’s eSaver account as they have better base interest rate.
Step-Up Interest Account Old Interest
Base interest – 0.16%p.a.
Step-Up to 1%p.a.over 12 months
Step-Up Interest Account New Interest
Base interest – 0.15%p.a.
Step-Up to 0.75%p.a. over 12 months
FairPrice Plus Savings Account Old Interest
First S$50,000 (0.50 % p.a.)
From S$50,001 to S$500,000 (1.00 % p.a.)
FairPrice Plus Savings Account New Interest
First S$50,000 (0.30 % p.a.)
From S$50,001 to S$500,000 (0.60 % p.a.)