23 Jun '14, 5am

Fixed deposit rates versus Sibor: Win, lose or draw? HOME buyers who like the certainty of a more fixed mortgage...

Home buyers have the option of taking loans based on Sibor or FHR. Although the difference in interest charged is currently small, the benefit of FHR-pegged loans kicks in when there are fluctuations in the economy. -- ST FILE PHOTO HOME buyers who like the certainty of a more fixed mortgage rate have another option to consider in the form of a new package rolled out by DBS Bank. Its fixed deposit home rate, or FHR, is pegged to the bank's fixed deposit interest rate and not the Singapore Interbank Offered Rate, commonly known as Sibor. Sibor reflects the day-to-day money market and so can fluctuate, especially in volatile financial periods. That means mortgages pegged to it are exposed to the same movements. The new DBS package aims to iron out many of these potential ups and downs and reduce the anxiety for some mortgage holders. The FHR, which is now at 0.4 per cent, is...

Full article: http://www.stproperty.sg/articles-property/singapore-prop...

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cpf.gov.sg 18 Jun '14, 6am

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