Comments on: Latest Fixed Deposit Rate in Singapore?

By: Patrick

Patrick — Tue, 19 Apr 2011 11:13:02 +0000

@Daniel, this guarantee has not been extended. For existing protection for depositors, please refer to http://www.sdic.org.sg.

By: Daniel

Daniel — Sun, 17 Apr 2011 16:18:09 +0000

You have mentioned that the Singapore Government will guarantee ALL Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the MAS until 31 December 2010. Has this quarantee been extended? Till When? If not, what form of protection can the depositirs have? Thanks

By: Wendy

Wendy — Mon, 02 Aug 2010 05:26:45 +0000

Hi Patrick, this is a really useful website for people who wants a quick comparison of FD rates in Singapore. Thanks for compiling. Could you also include some finance companies eg Hong Leong Finance? Thanks. BTW, what happens after 31 December 2010?

By: juan

juan — Fri, 18 Sep 2009 09:21:19 +0000

Thank’s for the update

By: Patrick

Patrick — Mon, 14 Sep 2009 05:45:21 +0000

@Juan, it’s better for you call up the banks to enquire directly. Their telephone numbers are found on the following page: http://singaporesearchsite.com/singapore-tips/fixed-deposit-interest-rate/

By: Juan

Juan — Mon, 14 Sep 2009 03:47:30 +0000

I just surfed in.It’s indeed interesting.I do have question though.For the Principal amount of 1 million singapore dollar’s investing on a fixed deposit in singapore.Is there any bank’s which compound their interest rate monthly.Kindly do give the information of the singapore based bank’s,If possible the bank rate’s too

By: Patrick

Patrick — Fri, 20 Feb 2009 04:01:23 +0000

Hi Janice, I believe you need not worry about spreading your money across different banks in order to get the necessary coverage for your money. This is because the Singapore Government will guarantee ALL Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the MAS until 31 December 2010.

By: Janice

Janice — Thu, 19 Feb 2009 06:25:55 +0000

Hello Sir, thank you for this information. Is it advisable then to spread your money across different banks to get coverage for every 20,000SGD that you save? Or does it matter if they are in different banks or not, you are only really insured up to 20,000SGD regardless of how many different accounts you have?

By: Richard wee

Richard wee — Fri, 07 Nov 2008 10:57:12 +0000

Thank’s for your swift response

By: Patrick

Patrick — Fri, 07 Nov 2008 10:32:35 +0000

Hi Richard,

I don’t think there’s any. For such an amount, I believe the banks would prefer the customers to contact them directly. Instead of visiting the respective banks, you can call them to find out the interest rates for amount exceeding S$2 million.

To save you time, I have collated and added the telephone numbers (deposits related) of 8 banks in the following page:

http://singaporesearchsite.com/singapore-tips/fixed-deposit-interest-rate/