DBS Singapore will increase from 13 December 2018 their Fixed Deposit Savings Rates. These rates are tied to Singapore home loans and are commonly known as FHR, FHR9, FHR8 and FHR18. DBS have the largest lion share of Singapore residential mortgages so this rate movement will affect many home owners.
Fixed Deposit Rates Movement
From 13 December 2018, DBS will increase fixed deposit rates linked to home loans for tenors from 8-month to 24-month.
Summary of increments
- FHR up from 0.975% to 1.075% (DBS defined FHR as average rate of 12- and 24-month tenors)
- FHR8 up from 0.5% to 0.675%
- FHR9 up from 0.8% to 0.95%
- FHR18 up from 0.95% to 1.1%
Concerned DBS mortgage customers should compare and calculate their refinancing options with SIBOR-linked and fixed rate packages.