The 5 AG真人视讯平台 Fixed Deposit Rates in Singapore
Want to find the smartest way to invest your hard-earned savings? If so, then you may consider searching for the best fixed deposit rates in Singapore.
Opening a fixed deposit account is a low-risk investment that鈥檒l help you grow your money with an easy, safe and secured process. You can get a higher interest rate compared to a regular savings account as well as stop yourself from spending your funds because it has a certain maturity date.
You must also be aware that the interest rates may vary based on the promotional offers. So, to save you from long hours of research, we鈥檝e already done the hard task of identifying the leading banks that offer the best fixed deposit rates in Singapore.
See our list below to figure out which one suits you the most.
1.听 DBS
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| BEST FOR听 | Low minimum deposit |
| INTEREST RATES | Up to 1.4% p.a. | |
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DBS has just improved their deposit rates with a competitive range. You only need to put S$1,000 in your account for at least 1 year and you can earn 1.4% p.a., which is the current leading rate in the market.
If you commit to a shorter tenure, the interest rate will also slightly drop. You can also use the fixed deposit account as collateral for credit facilities.
This is the reason we think the bank has the best fixed deposit rates in Singapore.
Highlights
- Collateral for credit facilities
- Eligible for 12 years and above
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2.听 Maybank
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| BEST FOR听 | Promotions for online deposits |
| INTEREST RATES | Up to 1.40% p.a | , |
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Maybank offers two promotions: you can either make deposits through iSavvy (online) or a current savings account. Both offer different yet some of the best fixed deposit rates in Singapore, so make sure to take your time in comparing the options.
With the iSAVvy, you can earn 1.40% p.a with at least S$25,000 in 1 year. For the savings account, they have a promotion where you can earn up to 3% p.a. on the first S$50,000 in your account and by linking it to a debit card.
Highlights
- Customized saving programmes
- Various deposit promotions
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3.听 ICBC
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| BEST FOR听 | Short tenure |
| INTEREST RATES | Up to 1.3% p.a | |
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If you opt for a short tenure, ICBC may have the best fixed deposit rates in Singapore for you. The bank lets you deposit a minimum of S$500 for 3 months, through which you can earn 1.3% p.a.
The best thing about the bank鈥檚 offered promotion is that you can earn 2% p.a. with a S$5,000 deposit and above in 1 year. This is a great deal if you want to keep well-balanced savings.
Highlights
- High promotion rate for a savings account
- No penalty for pre-matured withdrawal of fixed deposit
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4.听 Hong Leong
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| BEST FOR听 | Considerate and fair conditions |
| INTEREST RATES | Up to 1.20% p.a. | |
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| CONTACT DETAILS | Customer Service: 6579 6777 |
Hong Leong also offers the best fixed deposit interest rates in Singapore where you can earn 1.20% p.a. with a 1-year deposit of S$20,000 and above.
Even for a 6-month tenure, you can still earn 1.0% p.a., which is a practical option for everyone. There鈥檚 also no need to pay for the interest if the fixed deposit receipt is not held until maturity.
Highlights
- No premature withdrawal penalty for 3 months鈥� tenure
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5.听 CIMB
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| BEST FOR听 | Same interest rates for 3 months up to 1 year |
| INTEREST RATES | Up to 1.10% p.a. | |
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CIMB makes sure to maintain good financial health with their best fixed deposit rates in Singapore, through which you can earn up to 1.10% p.a. Despite a short tenure of 3 months, you can still earn a 1.10% rate with a S$10,000 deposit.
This goes too for 6 months up to 1-year of tenure. Through online banking, you can immediately access and manage your account to enjoy this limited promotion.
Highlights
- High interest rate for a short tenure
There you have it! That鈥檚 our list of the best fixed deposit rates in Singapore!
Have you already decided which bank you鈥檇 like to visit? If you have, let us know why and tell us about your experience!
Moreover, if you鈥檙e interested in other financial services, you may want to check out these options for the best personal loans in Singapore. These loan providers offer flexible payment options and great rates.