Around September 2023 last year, it was revealed in Parliament that the banking industry was studying the concept of a “money lock” to guard depositors’ hard-earned monies against rising scam cases. When I first heard of this development, I immediately gave a thumbs up because I was increasingly concerned about the spate of scams occurring […]

source: https://thefinance.sg/2024/01/16/why-cant-dbs-and-uob-match-up-to-ocbc-money-lock-interest-rate/