What are the current fixed deposit rates in Singapore, and which banks offer competitive rates?

Answered on : 2024-01-23

Sources

CIMB SGD Fixed Deposit | High Interest Rates

cimb.com.sg

1

Singapore Dollar Time/Fixed Deposit

uob.com.sg

2

Maybank Singapore Dollar Time Deposit

maybank2u.com.sg

3

view 6 more

1. CIMB offers up to 3.55% p.a. on a 6-month placement until January 31, 2024[1].

2. UOB provides a fixed deposit rate of 3.10% p.a. for Singapore Dollar Time/Fixed Deposit[2].

3. Maybank offers an attractive rate of up to 3.35% p.a. for SGD Time Deposit[3].

4. Citibank, HSBC, and BEA are mentioned among banks with competitive fixed deposit rates for 2024[4].

5. DBS provides S$ fixed deposit rates ranging from 1.85% to 2.95% for different tenures[5].

6. StashAway offers a notable rate of 3.80% p.a. for a 3-month fixed deposit with no minimum amount[6].

7. RHB offers promotional rates of up to 3.30% p.a. for their fixed deposit accounts[7].

8. OCBC provides fixed deposit rates of 2.70% to 3.10% for different tenures[8].

9. Hong Leong Finance (HLF) promotes a high 3.10% p.a. rate for 5, 6, & 8 months time deposits[9].

*Please verify details and conditions with respective banks before making any decisions.*

References:

- [1]: CIMB SGD Fixed Deposit

- [2]: UOB Singapore Dollar Time/Fixed Deposit

- [3]: Maybank Singapore Dollar Time Deposit

- [4]: Best Fixed Deposit Interest Rates 2024 - Singapore

- [5]: DBS Fixed Deposit Rate

- [6]: Best Fixed Deposit Rates in Singapore (Nov 2023)

- [7]: RHB Singapore Fixed Deposit Account

- [8]: OCBC Fixed Deposit Singapore

- [9]: HLF Singapore Fixed Deposit Promotion

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