Interview on 8world News 8视界新闻 Aug 2025

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Last updated on 2025-08-06

Phone Interview on 8world News 8视界新闻

Money Lobang's representative 孙鼎盛 was invited for an interview in August 2025 on 8视界新闻 for suggestions on alternatives to deposit accounts after a spate of interest rate cuts by banks on all deposits.

No Respite for Savings Deposit Accounts

The article mentioned that after the interest rate cuts, Stan Chart Bonu$aver Account, OCBC 360 Account, UOB One Account, Bank of China SmartSaver Account and DBS Multiplier Account are among the bank accounts with the highest yielding interest rates. However, the interest rates are on a downward trend and depositors might do better with other deposit account alternatives.

Suggestion on Alternatives to Deposit Accounts

Our representative suggest deposit alternatives such as Singapore Savings Bonds, Treasury Bills and Singapore Government Securities which are risk-free but are still able to offer attractive yields as compared to saving deposit accounts. He recommended Singapore Savings Bonds as it is more liquid as holders can liquadate their SSBs anytime if they need funds and yet receive a pro-rated interest.

Deposit Rate Outlook

He further elaborates that with the economy expected to slowdown in the near future, deposit rates are expected to drop further in the near future and depositors should try to lock up their funds in longer term higher yielding instruments as the headline effective interest rates for savings deposit accounts will most likely continuje to head south.