Fight for deposits tapering off

By KEITH HIEW

PETALING JAYA: While banks and financial institutions are attempting to up the ante in terms of making attractive deposit offers, analysts believe the financial sector is nearing the end of a deposit competition cycle.

Lenders that have presented inviting deposit packages in recent times include Al Rajhi Banking & Investment Corp (M) Bhd through its Rize app as well as Principal Asset Management Bhd.

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Banks , deposit , Al Rajhi , interest rates , lending , CASA , fixed deposit , OPR

   

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