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Saturday, February 02, 2008

MayBank iSAVvy Savings Account Interest Rates Revised

MayBank's iSAVvy Savings Account Interest Rates is to drop for the 3rd time since its launch.

From 4th February 2008 onwards, iSAVvy Savings Account with daily balance of S$5K to below S$50K will be revised to 1.08% from previous 1.68%. It has since revised their interest rate from 2.38% to 2.08%, 1.68% and then now to 1.08%. iSAVvy's competitor Standard Chartered's e$aver is now offering 0.8%.

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  1. It's sucks having this rate.
    Seems that I have to turn to money market funds to save money...

  2. We are in risk of moving in the direction of what Japan is experiencing - Carry trade


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