Taipei Times (TT): Many Taiwanese do not feel as much of a need as before to save money in the bank due to low interest rates. We noticed that Standard Chartered [StanChart] Taiwan’s deposits rose only 1.06 percent last year from a year earlier. Andy Halford: Interest rates go up and go down. The fact is that no one will know how the benchmark rates would change in the next 10 months or 20 months. Even though in a low interest rate environment, customers still need to find a home for their money.

Source: Taipei Times December 01, 2019 15:56 UTC