Even lower now!

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Can anyone with financial background explain the reason behind this huge different?

Singapore DBS Bank

S$ Fixed Deposits
TenorFor amounts $1,000 to $999,999
Old (% p.a.)New (% p.a.)
1 - 2 months0.1000.050
3 - 5 months0.1500.050
6 months0.2000.050
7 - 8 months0.2500.050
9 - 11 months0.3000.050
12 months0.3500.075
18 months0.6000.100
24 months0.6000.125





Malaysia Maybank

Interest rates

Tenure
Rate (% p.a.)
1 month
3.00
2 months
3.00
3 months
3.05
4 months
3.05
5 months
3.05
6 months
3.10
7 months
3.10
8 months
3.10
9 months
3.10
10 months
3.10
11 months
3.10
12 months
3.15
13 - 24 months
3.15
36 months
3.30
48 months
3.60
60 months
3.80

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