StashAway Simple Guaranteed (3.80% p.a.-1 month with no minimum amount) 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) Overall best fixed deposit rates-highest in Singapore 2023īest fixed deposit rates by commitment periodīest fixed deposit rates by minimum deposit amountįixed deposit vs savings account-what’s the difference?įixed deposit vs Singapore Savings Bonds (SSB) vs T-bills-which is best? Overview of best fixed deposit rates in Singapore 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 4% 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.
