Are Singapore Banks transferring Interest volatility risks to consumers?

UOB calls their product “Fixed deposit Pegged Rate” or (FDPR). OCBC calls their product “Fixed deposit Mortgage Rate” or (FDMR). They all mean the same thing. Before OCBC’s switch FDMR (36-month) at 0.65% + 0.65% = 1.3% (Where 0.65% is the spread …
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