Bank’s 6-month fixed deposit interest rates top the list

The market expects that the U.S. will cut interest rates as early as June, but some local banks have increased fixed deposit interest rates in time for the quarter. This week, Nanyang Commercial Bank's six-month fixed deposit interest rate increased to 4.35%, and Standard Chartered's highest was 4.39%, which is the highest in the city.

Competition for bank interest rates is fierce

As the market environment changes, local banks have raised interest rates to attract depositors. The high interest rates of Nanyang Commercial Bank and Standard Chartered have attracted many investors and have become the focus of this week.

Nanyang Commercial Bank 4.35%

The six-month fixed deposit interest rate launched by Nanyang Commercial Bank this week reached 4.35%, attracting the attention of many investors. This high interest rate allows depositors to see the value of their investment.

Standard Chartered's highest is 4.39%

Standard Chartered also performed well in terms of high interest rates, with its six-month fixed deposit interest rate reaching 4.39%, the highest in the city. This gives depositors more choices and makes other banks feel the pressure of competition.

• The market expects the U.S. to cut interest rates as soon as June
• Local banks have raised interest rates to attract depositors
• Nanyang Commercial Bank's 6-month fixed deposit interest rate reaches 4.35%
• Standard Chartered's 6-month fixed deposit interest rate reaches a maximum of 4.39%

In general, interest rate competition among banks is fierce this week, and depositors can make suitable investment choices based on their needs and risk tolerance. It is hoped that competition among banks will bring more benefits and conveniences to depositors in the future.