It also has a relatively short lock-in period of a little over a year. Given its current fixed deposit interest rate of 4 per cent per annum for a lock-in period of 12 months (promotion ends Dec 31), it ranks amongst the highest in terms of interest rate across the board. Apart from the big banks like DBS, UOB and OCBC, the fixed deposit aficionado should also look at other banks like Hong Leong Bank as they also offer attractive promotions.
