Bank of Singapore?
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If you are a foreigner, you might think "Bank of Singapore" is a big bank in Singapore, or at least, it is one of the largest banks. Many banks of "country_name" are central banks of that country. While in Singapore, if you ask a person in the street what the bank of Singapore is, he or she will be lost definitely. When I downloaded a document from bankers association of Singapore, I found at surprise that there were five local banks. Besides the big three: DBS, UOB, and OCBC, there were two others: Far Eastern Bank and Bank of Singapore. Because many of UOB materials include Far Eastern Bank, I know FEB is a subsidary of UOB. But OCBC seldom talks about Bank of Singapore. Until recently the interest battle of online banking accounts shall I know that Bank of Singapore is offering attractive interest rate of 1.9% p.a.
Bank of Singapore is actually 100% owned by OCBC. Its issued Cashier's Order is in name of OCBC to give reciever more confident. I think OCBC shall advertise more on its online e-bank arm.
more on my blog:http://sharesin2200.blogspot.com/ -
Only UOB, OCBC, DBS.....
Most banks swallowed up by UOB -
dbs is singapore's central bank wor...
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[*]Keppel TatLee also swallowed up by OCBC Bank.
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1.9% interest rate is attractive??
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ur head arhOriginally posted by shinta:dbs is singapore's central bank wor...
Its MAS.
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Yes. After 1 Jan 06, Bank of Singapore online account rate is only 1.38%.Originally posted by Lingos:1.9% interest rate is attractive??
Can you tell me other high interest rate savings? -
i think what she meant was dbs is the govt owned bank.Originally posted by laurence82:ur head arh
Its MAS. -
GLCs are GLCsOriginally posted by dragg:i think what she meant was dbs is the govt owned bank.
Central banks, usually have different functions