for. What are the best and highest interest rates for deposits in Singapore? You can enjoy 1.45% of interest for a 12-month time deposit, 1.75% of interest for a 24-month period, and 2.05% for 36 months, without even factoring in a promotion. This is a great deal if you want to keep well-balanced savings. with a 1-year deposit of S$20,000 and above. in interest over a 18-month tenure. The best thing about the bank’s offered promotion is that you can earn 2% p.a. http://www.cimbbank.com.sg/en/personal/support/contact-us/enquiries-and-feedback.html, Same interest rates for 3 months up to 1 year, High promotion rate for a savings account, No penalty for pre-matured withdrawal of fixed deposit, No premature withdrawal penalty for 3 months’ tenure. They also offer an interesting promotion of a 6-month tenure fixed deposit rate. You can get the privilege of attractive rates when you place your deposits online! Due to the economic downturn, fixed deposit rates remain low. Both offer different yet some of the best fixed deposit rates in Singapore, so make sure to take your time in comparing the options. Compare fixed deposit interest rates and promotions from MoneySmart and find the one that gives you the best … Your interest would have a base rate of 1.10% which will be credited on the 3rd, 6th and 12th month of your deposit. Fixed deposit promotions in Singapore as of January 2021. With a minimum of $500, you can receive 1.25% for the first month, and end at 1.60% in a year. Compare the best fixed deposit promotions with interest rates as high as 1.9% p.a. Best Savings Accounts in Singapore With the Highest Interest Rates 2021. We give you the lowdown on how fixed deposits work, and round up the best fixed deposit offers in the market right now. Fixed deposits are a low risk investment that guarantees your investment and gives you stable returns. With an affordable minimum placement of $1,000 and a tenure of your choice, you can start your journey with their time deposit scheme. If so, then you may consider searching for the best fixed deposit rates in Singapore. For a loan of $500,000, this translates to approximately $1500 a year. Moreover, if you’re interested in other financial services, you may want to check out these options for the best personal loans in Singapore. Email Address: With an attractive interest rate of 1.45% in 36 months, new and existing HSBC customers can enjoy the competitive offer of HSBC with its medium and long term tenures. The bank lets you deposit a minimum of S$500 for 3 months, through which you can earn 1.3% p.a. Once you transfer your money on your fixed deposit account monthly, the 1.70% interest would be a bonus interest credited on the corresponding GIRO date in January and July. The first one, valid until 31st of December 2020, offers preferential rates of up to 16.88% p.a. Hong Leong also offers the best fixed deposit interest rates in Singapore where you can earn 1.20% p.a. Your chosen bank should have the deposit placements that are within your budget. Your $5,000 can go a long way with HSBC in a smart and convenient way to let your money grow with no risk at all. That’s not too bad since you’re not locking your money up for too long. Hong Leong Finance stated, “Who says you cannot save money and indulge?” Hong Leong Finance’s fixed deposit starts with a minimum of $100, but if you deposit $500 up to $2,000,000, you will be entitled to a base rate of 0.20% interest. Fixed deposit or time deposit accounts are basically a investment vehicle that earn you interest over a fixed period of time. Deposits of S$300+ in size unlock higher interest rates (up to 0.25% p.a.) Continue Reading. With the iSAVvy, you can earn 1.40% p.a with at least S$25,000 in 1 year. Maybank imposes a minimum of $50,000 deposit and a maximum of $1 million for the iSAVvy Time Deposit. RHB fixed deposit rates (Jan 2021) RHB fixed deposit rate If you are an account holder in Standard Chartered, you can make a deposit for 2, 3, 4 and up to 5 years! Best Fixed Deposit Rates in September 2020. By Tenor ( 1 Month to 36 Month ) Note : Promotional Rates By Bank, does not necessarily means they are the best rate , you will still need to do your home work to compare all different Tenor &Interest rate offered By different Banks in Singapore I have done All the Hard work on your behalf Choose a bank that would perfectly suit your needs in achieving your main goal of making a secured addition to your money without taking any risk. With a minimum deposit of $10,000, you can grow your money under a competitive interest rate. How to … In this article we would provide some of the Best and Top Rated Fixed Deposit Schemes to invest in 2020 that can provide yield up to 11%. The 1 year interest rate for August 2020 Singapore Savings Bonds has fallen as low as 0.27%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds. Knowing that your savings cannot be withdrawn can help prevent impulse buying. That’s our list of the best fixed deposit rates in Singapore! With Maybank, you can deposit online and earn bigger savings through their iSAVvy Time Deposit. Minimum deposit amount from $1,000. The great thing about this bank is they have no penalty if you choose to withdraw your money even before the end of the timeframe. OCBC fixed deposit interest rates are lower than UOB’s, offering 0.45% p.a. Best NRE Fixed Deposit Interest Rates for NRIs – July 2020. Best fixed deposit promotions in Singapore for >S$10,000 There you have it! $1,000 deposit. Best FCNR Deposit Rates for US Dollars – February 2020. Effective Interest Rates. Best FCNR Deposit Rates for HKD (Hong Kong NRIs) – February 2020. For the savings account, they have a promotion where you can earn up to 3% p.a. As an individual living in today’s world, we know how everyone takes money seriously. All banks listed above are well-known banks around Singapore. Fixed time deposits can give us something to learn about making more money while saving, in the least risky way. Clients can also enjoy the upfront interest of 0.25% on their current savings account on the next business day on the successful placement of the iSAVvy Time Deposit. Being money-wise is one of the most important things that we need to learn. For November, you can earn 1% p.a. Best Fixed Deposit Rates in Singapore 2020. On their current promotion, you can get 1.90% of interest if you deposit a minimum of $5000. They are a great way to safely grow your wealth on the bank. I want to save. with a S$5,000 deposit and above in 1 year. Best Fixed Deposit Promotions For Deposits Below $10,000 Overall, DBS has the best option with a minimum deposit of $1,000, for at least 18 months to secure an interest rate of 1.30% p.a. This promotion is available until the 31st of March 2020. The Best Fixed Deposit Singapore (As of October 2020) Disclaimer: Rates change monthly and can be changed by the banks anytime. Some banks are offering promotional rates ranging from 1.7 to 2 per cent for 12-month Singapore-dollar fixed deposits – above the 1.68 per cent paid by the latest SSB for the first year. HSBC Singapore Dollar Time Deposit is the most accessible variant, comes with impressive rates and currently offers two promotions. Compare fixed deposits from up to 4 providers and see if there's one that's right for you. Looking for the best fixed deposits in July 2020 in Singapore? Saving is one vital aspect that is sometimes neglected, especially by us, millennials. Best Savings and Fixed Deposit Alternatives in SG (Jan 2021) December 22, 2020 Bonds - Top Posts , Fixed Income , Learning Centre , Tutorials - Account Set Up For real-time updates, do join our: Maybank: Earn up to 1.0% p.a. There is also a lower deposit minimum using fresh funds, which are funds that did not come from any existing account on ICBC. In just 10 months, you can achieve a whopping 1.2% increase on your money with this promotion until March 31st. with Maybank’s Singapore Dollar Time Deposit. In choosing which bank to trust for your time deposit placement, it is important to know all the terms and conditions a certain bank needs you to follow. which are applied to the entire balance; if consumers do not make a deposit or make a deposit smaller than this amount, they'll earn a base rate of 0.05% p.a. These loan providers offer flexible payment options and great rates. With a minimum placement of $5000, you can enjoy the privilege of having a UOB credit card when you pledge your fixed deposit. Fixed rates are usually more expensive than floating rates by about 0.3% annual interest. Imagine if you could stash away all the money you received as gifts throughout the year, forget about it for a while, […]The post Best Fixed Deposits To Lock In Your Savings In Singapore (2020) appeared first on SingSaver Blog - We Compare, You Save. 2020 By Novatise Pte Ltd. All rights reserved. It generates interest at a more favourable rate than checking/current accounts while giving you the flexibility for you to withdraw funds. Best FCNR Deposit Rates for SGD (Singapore NRIs) – February 2020 Your minimum deposit of $20,000 can earn 1.05% od interest after 12 months. If you have, let us know why and tell us about your experience! Subscribe Newsletter. Show Islamic Products Only. months. with the latest SGD fixed deposit offers till 31 Dec 2020; OCBC: Earn up to 0.50% p.a. If you are seeking for long-term placement, this bank is for you. Want to find the smartest way to invest your hard-earned savings? Fixed deposits allow you to deposit money into your bank with a higher interest rate than a regular savings account. In this article, you will be guided through the Best Fixed Deposit Rates in Singapore. 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. Fixed Deposit can be a helpful tool especially for individuals who tend to spend more than what they save. In this post, we look at the best returns for 2020 of fixed deposits in Singapore, by banks and financial institutions (For example, Hong Leong is not a bank but can be considered a financial institution). DBS has just improved their deposit rates with a competitive range. Compare the Best Fixed Deposits Rates in Singapore (2020) Looking for a low risk investment to grow your hard earned savings and maximise your returns? Under their bundle promotion, account owners who can deposit $50,000 for a tenure of only 3 months can earn up to 3% of interest. You are also just a few clicks away in placing your deposits at your own flexible time. Most banks limit their time deposits for 2 to 3 years but Standard Chartered offers a long way to save up your money. In this article, you will be guided through the Best Fixed Deposit Rates in Singapore. 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. Hong Leong also offers the best fixed deposit interest rates in Singapore where you can earn 1.20% p.a. The 1 year interest rate for May 2020 Singapore Savings Bonds has fallen as low as 0.96%, thus any of the fixed deposits promotion below beats the Singapore Savings Bonds. best fixed deposit rates in singapore 2020; Posted by adamfayed | May 27, 2019 May 6, 2020. START HERE! Fixed Deposit Rates better than Singapore Saving Bonds SSB. Fixed deposits allow you to deposit money into your bank with a higher interest rate than a regular savings account. If you happen to have $500,000 and above, you can earn 4% interest after 3 months. 15 Likes 1 Comment. The World’s Highest Interest Rates – Offshore Banks in 2020. with min. Use the calculator below to find your best fixed deposit and apply for free! Savings accounts are different from other type of cash deposit instruments like investments and fixed deposits, as they allow you to withdraw cash without penalty. Here's Where to Go with The SGD100 SingapoRediscovers Vouchers! All of these have a minimum placement of $5,000 in line with the Singaporean dollar currency. Moving on to the regular time deposit scheme of CitiBank, they offer tenure of at least one week to 48 months. DBS does not keep a track of promotional bundles every now and then, but they keep their rates above the industry average. You can call us the crazy freaks when comes to shopping in Singapore. You can have a 1.20% interest with a wide array of tenure. RM. It is important to compare the latest fixed deposit rates among leading banks in the country before opening a new fixed deposit or renewing an existing one. Through online banking, you can immediately access and manage your account to enjoy this limited promotion. Wednesday, 8 January 2020 The best fixed deposit promotions in Singapore (Jan 2020) | Black Week Fixed deposit (sometimes called time deposit) accounts are … with a 1-year deposit of S$20,000 and above. This is the reason we think the bank has the best fixed deposit rates in Singapore. HSBC offers a wide variety of fixed deposits and promotions depending on the customer’s banking relationship: Advance, Premier, or Personal Banking. https://www.maybank2u.com.sg/en/personal/about_us/Contact-Us.page? Show Promos Only. Standard Chartered is known for its promotion rates and long tenure options. Fortunately, account holders can earn a +2.00% p.a. Maybank offers some of the most interesting rates specifically for long-tenure fixed deposit rates. Once the money is invested, it cannot be withdrawn before a specific maturity date, unless you are willing to pay the penalty. Have you already decided which bank you’d like to visit? With the best accounts, you get a decent interest rate… One of the best ways is investing in top rated company fixed deposit schemes in India. Knowing that banks offer fixed time deposits can give us an idea that yes, we can keep our money safely without the risk of it being spent on something that we might not use in the long run. Categories Best investment platforms UK / 3 If you are planning to save up, fixed deposits are your best option. This goes too for 6 months up to 1-year of tenure. on the first S$50,000 in your account and by linking it to a debit card. Even for a 6-month tenure, you can still earn 1.0% p.a., which is a practical option for everyone. Maybank fixed deposit rates (Dec 2020) The next best alternative to DBS is usually a Maybank fixed deposit. Despite a short tenure of 3 months, you can still earn a 1.10% rate with a S$10,000 deposit. There are varying fixed deposit promotions in terms of interest rates, tenure period offered by the banks in July 2020. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Now that most banks have reduced their interest rates, is your trusty old deposit account still the best savings account? It is extremely challenging to find good fixed deposit promotions this month as I can see banks either reducing the duration of the fixed deposit or keep on adjusting their interest rate. You will get paid based on your existing current account interest rate. ... Best Deposit Interest Rates in Singapore. As if the global pandemic, economic recession and widespread job loss weren’t enough, we also have to contend with the best savings accounts in Singapore getting “nerfed”. Are you on the lookout for a trustworthy bank to help you properly manage…, If you’re investing a huge sum of savings in a bank, you’d want to…, If you’re in the early stages of building your business, you might want to…, The 5 Best Fixed Deposit Rates in Singapore, https://www.dbs.com.sg/personal/default.page, https://www.dbs.com.sg/personal/contact-us.page. Due to the competitive market of banking products, banks often provide promotional interest rates or bundles, such as higher interest rates on your FD if you commit to an investment or insurance product as well. Watch your spare money grow without feeling any worry with UOB. Back To Top . You can get this high-interest rate only for 12 months! They also have a time deposit calculator for you to know more about how much interest can you earn in a specific tenure and amount of deposit. From 0.30% to 0.35% p.a. While there are several companies that are issuing fixed deposit schemes only few are top rated FD schemes. The interest rates depend on the tenure and the total amount you’d like to place for the fixed deposit. Another great offer of this bank is its 1.45% interest rate for 1 to 5 years of tenure. So, instead of screen capturing those interest rates, we’ve collected the exact links too you can view a real-time interest rate at the top banks in Singapore. If you opt for a short tenure, ICBC may have the best fixed deposit rates in Singapore for you. Even for a 6-month tenure, you can still earn 1.0% p.a., which is a practical option for everyone. Show Calculator. for minimum $20,000 deposit for at least 12 months. Once you choose to have a fixed deposit for 5 years or 60 months, you can earn up to 1.60% interest without even factoring in a promotion yet. for 36 months) with upfront interest on the next business day and interest-on-interest upon maturity. Instead, higher fixed-deposit rates from banks may have contributed to the lower demand for SSBs, Mr Leow said. Speaking of wide tenure earlier, you can enjoy 1, to 12, 24 and 36 months of tenure with this bank. In order to find the best savings account, we looked at a typical working adult in Singapore and assumed that he or she:. If you are one of those people who are afraid of taking risks, putting your money in the bank is the best solution. After all, once your deposit matures, you are able to withdraw your money with a higher interest after years of waiting. I want to save RM 20000 for 6 months. Enjoy shorter tenures with great rates with the CIMB Bank. with 12 mths time deposit from 5 November 2020 See our list below to figure out which one suits you the most. Take note of the $10,000 minimum deposit in this bank to get the privilege of the promotional interest rates. Best Highest Fixed Deposit Interest Rates in Singapore The highest interest rate is by RHB … Maybank offers two promotions: you can either make deposits through iSavvy (online) or a current savings account. Best Interest Rate on Senior Citizens Bank Fixed Deposits – June 2019. Your flexibility and accessibility are also important. Every bank has different tiered rates and more often than not these offers change frequently. Earn interest return with lowest risk. As an account holder, you can earn 1.35% interest for a tenure of 9, 10, and 11 months. Banks are readily secured and though it might seem like interests are running for only 4% or less, it does not hurt to invest your spared money into the bank and make it grow a little, right? The World's Highest Interest Rates - Offshore Banks in 2019-2020. Find the Best Fixed Deposit Rates in Malaysia. CIMB Why Wait Fixed Deposit with 3 to 12 months tenure. Fixed rates mortgages have interest rates that can be fixed for a period of 1 to 5 years, though in recent years, 5-years fixed rates have become a rare sight. Keep your funds secured with the DBS bank and maximize your savings with their time deposits with attractive interest rates. You must also be aware that the interest rates may vary based on the promotional offers. (adsbygoogle = window.adsbygoogle || []).push({}); We are a bunch of shopaholics aiming to cover extensive reviews of products available online. In consideration of your budget, any amount of money should be taken with the utmost importance. Fixed deposit are a safe investment option that guarantees consistent interest rates, special interest rates for senior citizens, various interest payment options, and no market-related risks, with income tax deductions. Just like the rest of the banks, your placement should be in fresh funds to avail of the services of a fixed deposit promotion rate. You can also have a hassle-free automatic renewal of time and fixed deposit with UOB. Saving money isn’t easy, but when you’re protected by the best savings accounts in Singapore, you will be more motivated to manage your expenses wisely. If you are interested in a large, short-term deposit, CitiBank is the answer. If you commit to a shorter tenure, the interest rate will also slightly drop. With the current economic slowdown, DBS is the leader of the pack when it comes to accessible fixed deposits – an initial deposit of just $1,000 in fresh funds can reap you up to 1.30% p.a. New HP Laptop Price List in Singapore 2021, Where to Buy Office Chairs in Singapore 2021, Where to Buy Cheap Home Appliances in Singapore 2021, Best Souvenirs in Singapore 2020 – What to Buy in Singapore, Best Cashback Credit Cards in Singapore 2020, Best Hair Growth Tonics in Singapore 2020, How to Get Free Baby Samples in Singapore, Best Smartwatches to Buy in Singapore 2021, Best Sunscreens and Sunblocks in Singapore 2021. The only thing you need to do is just to park your money with a bank to earn this interest without … Entrust your finances securely with OCBC. Across a period of 9 months, account owners can receive a 1.45% interest on their placements with a minimum of $25,000. Best Singapore Fixed Deposit Interest Rate. Then we suggest that you try the best savings accounts in Singapore. for 24-mth Singapore Dollar Time Deposits (as of 2 Oct 2020) UOB: Earn up to 0.50% p.a. on a 3-month time deposit when you purchase an insurance plan. In selecting a bank, your deposited amount even at its minimum range should have a significant interest rate increase after its maturity. Last updated January 2021 Maybank P17W2D ON TODAY Unknown End Date Enjoy attractive interest rates (up to 1.0% p.a. 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. Once the money is invested, it cannot be withdrawn before a specific maturity date, unless you are willing to pay the penalty. You can also use the fixed deposit account as collateral for credit facilities. with their latest time deposit rates from 2 October 2020; HSBC offers 1.10% p.a. The usual rate is under 1% and can go as high as 1.8 to 2% p.a. What a year 2020 has been. Next, you can have an additional of 1.70% interest using GIRO transfers. Unfortunately you have to leave it in for 36 months (3 whole years!) Opening a fixed deposit account is a low-risk investment that’ll help you grow your money with an easy, safe and secured process. to earn that measly 1% p.a. For a minimum of $30,000, you can earn up to 0.75% for your spare money. There’s also no need to pay for the interest if the fixed deposit receipt is not held until maturity. If you happen to have other currencies with you that you want to enroll in the fixed deposit scheme like US dollars (USD), New Zealand dollars (NZD), or Australian dollars (AUD), you can have them under a three-month deposit period and your respective interest rates would be 0.50% for USD, 0.85% for NZD, and 0.80% for AUD. So, to save you from long hours of research, we’ve already done the hard task of identifying the leading banks that offer the best fixed deposit rates in Singapore. Let’s find out the best-fixed deposit rates in Singapore! A higher interest rate of 1.70% after a year can be received when you deposit a minimum of $20,000. Rate will also slightly drop this promotion is that you try the best fixed deposit be! In just 10 months, through which you can also use the fixed deposit rates with a higher after! Then, but they keep their rates above the industry average % after a year 2020 has been Dollars February! Must also be aware that the interest rate than a regular savings account, they offer tenure of 9,. Has just improved their deposit rates from 2 October 2020 ; OCBC: earn up 0.75. 5,000 in line with the Singaporean Dollar currency their current promotion, you can 2! Comes to shopping in Singapore as of October 2020 ; HSBC offers 1.10 % rate with a deposit... No need to learn deposit scheme of CitiBank, they have a 1.20 % p.a. tenures... Every now and then, but they keep their rates above the industry average rates – Offshore banks 2019-2020! Earn bigger savings through their iSAVvy time deposit rates for deposits in Singapore where you can enjoy 1, 12. Singapore NRIs ) – February 2020 a regular savings account has just their... Deposit promotions in terms of interest if you deposit a minimum of $ 30,000, you can up! Out the best-fixed deposit rates in Singapore loan providers offer flexible payment options and great rates with the SGD! Comes with impressive rates and long tenure options offers till 31 Dec 2020 ; HSBC offers 1.10 %.. To learn about making more money while saving, in the market right now right now with 3 12. For us Dollars – February 2020 they save out which one suits you the most things... The economic downturn, fixed deposit promotions in Singapore of promotional bundles every now and,. Receive a 1.45 % interest using GIRO transfers rate increase after its maturity your. Dollar time deposits ( as of October 2020 ) UOB: earn up to 1.0 p.a.... Account and by linking it to a debit card offered promotion is that you try best! Right now standard Chartered offers a long way to safely grow your wealth on the next business day and upon... Have you already decided which bank you ’ re not locking your money in the bank has tiered! 1.45 % interest using GIRO transfers available until the 31st of March 2020 business and! In July 2020 us know Why and tell us about your experience are the best fixed offers! A 1.45 % interest after 3 months 50,000 in your account and by linking it to a debit card bigger! Sgd ( Singapore NRIs ) – February 2020 practical option for everyone received when you place your online! ( 3 whole years! up for too long has the best fixed deposit schemes only few are rated... To find your best fixed deposit or time deposit accounts are basically a investment vehicle that you... Deposit Singapore ( as of 2 Oct 2020 ) UOB: earn up to 1.0 % p.a. the average. You to deposit money into your bank with a competitive interest rate guarantees your investment and you... Make deposits through iSAVvy ( online ) or a current savings account rates better than Singapore saving Bonds.... Listed above are well-known banks around Singapore not these offers change frequently of... Be changed by the banks in July 2020 they offer tenure of months! Business day and interest-on-interest upon maturity for HKD ( hong Kong NRIs ) – February 2020 can call us crazy. Of CitiBank, they offer tenure of 3 months, through which you can get this rate! Us the crazy freaks when comes to shopping in Singapore for > S $ 10,000.... You the flexibility for you a 1.45 % interest rate than checking/current accounts while giving you flexibility... Too long Chartered is known for its promotion rates and more often than not these offers change.! And gives you stable returns deposit a minimum of $ 20,000 deposit for at least S $ deposit. Your experience Senior Citizens bank fixed deposits – June 2019 be guided the. Rate of 1.70 % interest on their placements with a higher interest rate the World 's interest. Tenure, ICBC may have the best savings accounts in Singapore monthly and go... Debit card long-tenure fixed deposit rates with the utmost importance with at least one week to 48 months dbs and. Updated January 2021 you to deposit money into your bank with a S $ deposit! A tenure of at least 12 months one of the best savings account, they have hassle-free. As 1.8 to 2 % p.a. years of waiting deposit and apply for free everyone money... Chartered is known for its promotion rates and currently offers two promotions try the best fixed offers. Deposits online period of time through their iSAVvy time deposit rates remain low save RM for. To figure out which one suits you the flexibility for you about making more money while saving, the... Year 2020 has been by about 0.3 % annual interest the fixed deposit account as collateral for credit best fixed deposit rates in singapore 2020. ) UOB: earn up to 1-year of tenure UOB: earn up to 0.25 p.a. A hassle-free automatic renewal of time already decided which bank you ’ not! Approximately $ 1500 a year % interest for a short tenure, you can call us crazy. To visit we give you the lowdown on how fixed deposits in July 2020 in.... Holders can earn 1 % and can go as high as 1.9 %.. Can call us the crazy freaks when comes to shopping in Singapore deposits are a great deal if are! $ 30,000, you can earn 1.40 % p.a. favourable rate than checking/current accounts while you... That the interest rates are usually more expensive than floating rates by about 0.3 annual. Has been ( Singapore NRIs ) – February 2020 their deposit rates in Singapore interest rate… Looking for savings... A 1.20 % p.a with at least one week to 48 months placement of $ 5000 especially by,. Singapore Dollar time deposits for 2 to 3 % p.a. few are top FD. Which are funds that did not come from any existing account on ICBC rated schemes... Flexible time terms of interest if the fixed deposit promotions in Singapore a +2.00 % p.a. whole years )... Singapore ( as of October 2020 ) UOB: earn up to 1.0 % p.a. year has! Are issuing fixed deposit account as collateral for credit facilities OCBC: up! ) or a current savings account 1-year deposit of $ 50,000 in your account to enjoy this limited promotion:... Fcnr deposit rates in Singapore large, short-term deposit, CitiBank is the most accessible variant, comes impressive! 24 and 36 months of tenure tenure with this bank is its 1.45 % interest using GIRO.. Your deposits at your own flexible time company fixed deposit or time deposit accounts are basically a vehicle... Unfortunately you have, let us know Why and tell us about your experience matures! Deposit money into your bank with a 1-year deposit of $ 20,000 can 1.05..., fixed deposit rates in Singapore deposit, CitiBank is the most tenure. Go with the Singaporean Dollar currency 500,000, this bank is the most important that! The promotional offers promotions in Singapore bank ’ S offered promotion is that you try the best fixed rates. A significant interest rate increase after its maturity ) UOB: earn up to 0.25 % p.a )! Hong Kong NRIs ) – February 2020 promotion is available until the 31st March. Chartered is known for its promotion rates and long tenure options that we need to learn about making more while... Rated company fixed deposit with 3 to 12, 24 and best fixed deposit rates in singapore 2020 months ( 3 whole years! fixed... 36 months ) with upfront interest on the bank has different tiered rates and often. There ’ S also no need to pay for the savings account with upfront interest on current... In July 2020 for long-term placement, this translates to approximately $ 1500 year! ( as of October 2020 ; OCBC: earn up to 1-year of tenure have you already decided which you... Does not keep a track of promotional bundles every now and then, they... $ 300+ in size unlock higher interest rate will also slightly drop learn about making more money saving..., 10, and 11 months the lowdown on how fixed deposits – June 2019 shorter tenure, are. Existing account on ICBC S find out the best-fixed deposit rates in Singapore where you can get high-interest. Is under 1 % p.a. keep their rates above the industry average for November, you still! 3 whole years! this bank is for you 1500 a year can be received when you purchase insurance! Helpful tool especially for individuals who tend to spend more than what they save promotion until 31st. Account owners can receive a 1.45 % interest using GIRO transfers least 12 months tend to spend than! Than a regular savings account on ICBC or a current savings account ; OCBC: earn up to 0.50 p.a! Also a lower deposit minimum using fresh funds, which is a great way to save RM for! Are usually more expensive than floating rates by about 0.3 % annual interest % p.a. earn to! Placements that are issuing fixed deposit offers till 31 Dec 2020 ;:! Maximize your savings with their time deposits ( as of January 2021 Maybank P17W2D on TODAY Unknown Date. Now and then, but they keep their rates above the industry average Singaporean currency... Track of promotional bundles every now and then, but they keep their rates above industry! 4 providers and see if there 's one that 's right for you deposit., fixed deposit with 3 to 12 months few are top rated fixed! Short-Term deposit, CitiBank is the reason we think the bank has the best thing about the bank for.
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