Following the steady decline in Bond Rate Yields, the Board of Directors has decided to decrease the AMFIE yields for the 2nd quarter 2020.
Please find the returns on the savings accounts for the second quarter 2020:
Members who are willing to place funds for a specified period of time can obtain higher yields through our AMFIE Flexible term-deposit accounts.
The following annual rates (per annum) on AMFIE Flexible term deposits have been offered since 1 April 2020:
|12 months||0.50% p.a.||1.00% p.a.||0.50% p.a.|
0-18 Savings account
You can open a 0-18 savings account on your child’s behalf from birth and until their 18th birthday. The 0-18 savings account allows your child to boost their savings from a very young age.