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Is the FairPrice Plus savings account interest high?

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Generally, savings accounts in Singapore gives you around 0.25% – 0.30% interest for deposit amounts*. With FairPrice Plus, you can earn up to 4 times the interest from S$50,000 onwards (subject to a maximum deposit of S$500,000). *Based on the average interest rate of banks in Singapore as of 21 February 2007.

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