Basically, the Singapore Dollar Fixed Deposit (also known as Time Deposit) holds your money for a fixed amount of time and in return, you are promised a FIXED deposit interest rate. Upon maturity, you will receive your initial deposit plus interest earned.

As there is a myriad of fixed deposit interest rates available for various tenor/period as well as deposit amount, we shall concentrate on the most common combination:

Tenor/Period: 12mths

Deposit Amount: less than S$10k to S$50k

Based on the above tenor and deposit amounts, the following is a comparison of the Fixed Deposit Interest Rate (% p.a.) offered by the full banks in Singapore.

Note: For other periods & deposit amounts, click “View” below for their latest rates.

Rates collated on 1 May 2020

Period:1 YrCitibankDBSHSBCMayBank
< S$10k1.40000.25000.7000
Latest RatesViewViewViewView
< S$10k0.25000.45001.10000.7000
Latest RatesViewViewViewView

Disclaimer: Fixed Deposit Interest Rates found above are purely for reference only and are subject to change without notice. Please click on “View” for the latest rates.

Deposit-Related Telephone Numbers

To check the latest promotional rates and rates for deposits greater than S$1 million, you can call the following telephone numbers:

Citibank: 6225 5225

DBS: 1800 111 1111

HSBC: 1800 4722 669

MayBank: 1800 629 2265

OCBC: 1800 438 3333

RHB Bank: 1800 323 0100

Standard Chartered: 1800 747 7000

UOB: 1800 222 2121

FAQ – Frequently Asked Questions

How safe is Singapore dollar fixed deposit?

Please refer to Latest Fixed Deposit Rate in Singapore?

Legal Money Lender Interest Rate

If you are looking for interest rates charged by legal money lenders in Singapore for a cash loan, visit Platinum Credit instead.

Leave a Reply

Your email address will not be published.