DBS Bank short-term Fixed Deposit interest rates
DBS Bank offers its customers with competitive rates on its short term fixed deposit account with assured returns. The short term fixed deposit account allow the investor to maintain a high level of liquidity.
Fixed deposit accounts of 30 days are levied with interest rate of 7% p.a. The same interest of 7% p.a. is also applied for tenures of 60 days.
Whereas, 90 days and 120 days tenures receive interest at the rate of 7.25 p.a. These rates are applied towards fixed deposit accounts with amount lesser than Rs.1 crore.
Based on the rate trajectory it is obvious that the most advantageous tenure in the short term bracket is 90 days with interest rate at 7.25% p.a.
This category of DBS Bank’s fixed deposit accounts allows the investor to earn returns at a high rate of interest while still giving him the freedom of having cash every three months.
DBS Bank medium and long term Fixed Deposit interest rates
Medium and long term fixed deposit account tenures receive the best returns with DBS Bank. Money making rates of interest makes these fixed deposit account a secured investment option.
Tenures of 6 months are employed with an interest rate of 7.25% p.a. Interest rate of 7.4% p.a. is applied towards fixed deposit account with medium tenures of 9 months, 1 year, year 6 months.
Long term fixed deposit accounts of tenures, 2 years, 3 years and 4 years are given interest at the rate of 7.4% p.a.
Longer tenures of 5 years receive interest at the rate of 7.45% p.a. The 5 year tenures of fixed deposit account with DBS Bank offers the investor with the maximum possible rate of interest on investment.
It is usually advisable to invest in long term fixed deposit accounts as they receive the most lucrative rate of interest.
DBS Bank Senior Citizen Fixed Deposit interest rates
Senior Citizen accrue interest on their fixed deposit accounts at the same rate as everyone else.
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