Overall best fixed deposit rates-highest in Singapore 2023 Do check their respective websites for the latest rates. Note: Most of these are promotional interest rates, and banks can change their rates anytime. Which bank in Singapore has the best fixed deposit rate? These are the best fixed deposit rates in Singapore in Oct 2023 for various deposit amounts and commitment periods. Overview of best fixed deposit rates in Singapore 2023 (Oct 2023) Here's our round-up of the best fixed deposit rates in Singapore in Oct 2023 for banks like UOB, DBS, OCBC, and more. You don't even need a large stash of cash-these days, banks are offering fixed deposits starting from as low as $500! Having said that, some fixed deposit rates are still very decent and worth giving a shot if you have some money lying around.
While fixed deposit rates were rising in Singapore last year and even hit a high of four per cent in January 2023, interest rates have taken a dip since then. If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again.Ī fixed deposit (also known as a time deposit) account is a type of bank account that pays account holders a fixed amount of interest in exchange for depositing a certain sum of money for a certain period of time.
