The rate is usually fixed for a specific period of time and is guaranteed, meaning the depositor will receive the agreed-upon rate regardless of any changes in market conditions.
Indicates Singapore Banks' USD FD - USD Fixed deposit rates (as of 1 December 2023), including DBS, UOB, OCBC, HSBC, ICBC, and CIMB and highlighting their USD FD in period of 1-month, 3-month, 6-month, 12-month.Ī fixed deposit rate (also known as time deposit rate) is an interest rate that a bank or financial institution pays to a depositor of a fixed deposit account holder. > Some of the latest speeches delivered by officials from the Federal Rese rve> Key Takeaway I don't think Powell will take a definitive position as some on the FOMC have taken that interest rate hikes are behind us,' said Avery Shenfeld, chief economist of CIBC Capital Markets. This adjustment in the forecast can be attributed to the increasing popularity of the US central bank's message of keeping higher interest rates for an extended duration. A recent Reuters poll suggests that economists believe the Federal Reserve will maintain its current key interest rate on November 1st and may hold off on cutting it for a longer period than initially anticipated.
