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23 Jan 2021

OCBC’s time deposit interest rate remains the same at 0.50% p.a. If you can afford a longer period such as 18 months, the interest rate is 1.30% p.a. Clicking on them brings you directly to their official fixed deposit promotion page. (for deposits less than one year) to 9.54% p.a. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Ordinary Fixed Deposits. Consider this if you want top promotional rates for a smaller deposit size, CIMB SGD Fixed Deposit is, by far, one of the best options on the market for small and medium tenure deposits of any size. Deposit Insurance Scheme. Consumers receive up to 1.00% interest for deposits of 36 month tenor, though there's a S$25,000 minimum deposit requirement for tenors longer than 12 months. ; consumers looking to invest less than S$50,000 will have a hard time finding higher rates elsewhere. For 6 months placement of S$25,000 at 0.20% p.a., the interest that you will receive upon maturity is S$25.00. These rates are also for new customers to the bank, although some banks like RHB offer better rates for existing customers who are renewing their fixed deposits. Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Important Notice: From 21 May 20, interest rates for new placements and renewals in an SGD FD Account will be computed based on the total SGD FD balances, instead of each placement and/or renewal. ","version":"sidebar"}, RealValue Credit Cards Rewards Calculator, Effective Interest vs Annual Interest Rate, Best Insurance Companies for COVID-19 Coverage, How to Pick the Best Critical Illness Insurance, Best P2P Crowdfunding Investment Platforms, Average Interest Rate for Savings Accounts, Average Interest Rate of SGD Fixed Deposits, How to Get the Best Loan for Your Small Business, Business Loans for Startups & SMEs: How to Apply, Cheapest Electricity Retailers in Singapore, A Basic Guide to Foreign Currency Fixed Deposits, Average Effective Interest Rate for Savings Accounts, 3 Ways To Prepare for Singapore Becoming a "Smart Nation", DoorDash's IPO Just Makes Uber & Airbnb Look Better, ABNB IPO: Why Airbnb Could Overtake Booking.com, 1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months, S$100,000 for 1 week, S$10,000 for 1 to 2 months, S $500 for 3 to 36 months, 1, 2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 15, 18, 24, 36 Months, 1, 2 years (incrementally compounded, 4 times/year), 1-15 (each available separately),18, 24, 36 Months, 1-24 (each available separately), 36, 48 Months, 1, 3, 6, 9, 12, 15, 18, 24, 36, 48, 60 Months, 1-12 (each available separately),18, 24, 36, 48, 60 Months, S$5,000 for 3 & 6 months, S$25,000 for 12, 24, 36 months, S$10,000 for 1 months, S$1,000 for 2 to 36 months, 0.30% for 6 months tenor, with a minimum deposit of S$25,000 (priority banking preferential rate), 1.10% p.a.on 24-month SDG deposit (new and existing customers), with a deposit up to S$49,999, Up to 0.40% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.50% for a 10-month tenor, with a minimum deposit of S$20,000, valid until January 30, 2021, 0.60% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.75% p.a. Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. Save a fixed amount of money in Singapore Dollars and Foreign Currencies at a fixed … Last updated January 2021 P3W2D Past Event. Choose a Fixed Deposit account that suits your needs. CODES (5 days ago) This promotion is applicable for Conventional Fixed Deposit (FD) or Islamic Fixed Deposit (IFD-i) or General Investment Account-i (GIA-i) with 6 months tenure. Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated. interest with minimum S$25,000 placement sum means the foreign currency fixed deposit account opened with the Bank and is subject to the Promotion. In other words, this is one of the few accounts where tenure can be set for unique terms such as 4, 7, 13 months or others. A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. Over-the-counter or machine cash deposits are usually fine too but do take … on investment saes charge of 2% and above, Rates up to 0.68% p.a. for 2 months tenure with a minimum placement of S$5,000. Consider this if you're interested in making a 12 to 18 month long deposit. Personally, I have signed up a Singlife Account and Dash EasyEarn. Promotions; Accounts. Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. Prosperous Now Account-i. Looking for the best fixed deposits in November 2020 in Singapore? Consider this if you're familiar with online banking and want a longer tenure. The fixed deposit interest rates are based on popular tenures of between 6 to 18 months and fresh funds of $75,000 (Risk-free since insured by SDIC). Promotional interest rates are subject to change without prior notice. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. Take your time to go through the latest list of FD interest rates offered by the banks today to find the highest fixed deposit rates that suit you . above board rate for fixed deposit placed for 12 months & above; Place fixed deposit with just $500 with Maybank. The answer depends on several factors: the deposit amount, the length of the initial deposit and the current promotions offered by the bank. The maximum placement amount for all the above Time Deposit promotions is S$999,999 or equivalent. Salary crediting or recurring monthly deposit of S$15,000 will earn a S$100 cash credit, S$200,000 will come with a S$200 cash credit and a deposit or investment of S$200,000 will come with a S$500 cash credit reward. RM 1,000 to RM 5,000. In “normal”, non-Covid-19 times, promotional fixed deposit rates can go up to 1.8% to 2% p.a. Bank & Earn. Best Fixed Deposit Rates By Tenor. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Given that a 5 year deposit earns 0.95% interest without even factoring in a promotion, this is a great option for those seeking long-term placements. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. The current low interest rates offered by most banks remained unattractive to me. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. Can only think of foreign currency fixed deposit but interest is very low. 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