DBS Singapore will increase from 4 March 2019 their Fixed Deposit Savings Rates. These rates are tied to Singapore home loans and are commonly known as FHR, FHR9, FHR8 and FHR18. Only FHR8 is offered and the others are only for existing mortgage accounts.
Fixed Deposit Rates Movement
From 4 March 2019, DBS will increase fixed deposit rates linked to home loans for tenors from 8-month to 24-month.
Summary of increments
- FHR up from 1.075% to 1.4% (DBS defined FHR as average rate of 12- and 24-month tenors). FHR12 up from 0.95% to 1.4%. FHR24 up from 1.2% to 1.4%
- FHR8 up from 0.675% to 0.95%
- FHR9 up from 0.95% to 1.35%
- FHR18 up from 1.1% to 1.4%
You may refer to this DBS fixed deposit rate notice.
Concerned DBS mortgage customers should compare and calculate their refinancing options with SIBOR-linked and fixed rate packages. We no longer recommend fixed deposit-linked loans because the quantum of increment is larger than SIBOR. We prefer SIBOR-linked mortgages for its transparency and is the only independent benchmark rate available.
