DBS, StanChart slash savings rates further

Cuts will be in force from Jan 1, 2021; they come on the back of a grim interest rate environment

Singapore

DBS and Standard Chartered (StanChart) will again slash rates on their respective savings accounts from Jan 1, 2021 on the back of a grim interest rate environment.

The interest rate for StanChart's popular Jumpstart savings account will be lowered to 0.4 per cent per