Singapore Time Deposit Rates
Within Singapore, fixed interest bank products are commonly known as either a fixed deposit or time deposit in the country. This product is denominated in the local currency of the Singaporean Dollar (SGD) but some banks do offer deposits in foreign currencies as well. These currencies can include but are not limited to for a foreign currency fixed deposit product in USD, CAD, EUR, GBP, CHF, HKD, JPY, NZD and AUD.
The local $S deposit rates published may be influenced by a number of factors including bank requirements, monetary policy from the Monetary Authority of Singapore (mas.gov.sg) and competition.
Some banks offer flexible periods with Tenors or Terms that may range from 1 day, 3 month, 1 year or 3 year terms but will depend on each individual bank. This product can require a minimum deposit to open and can have a higher rate of return then $S savings accounts.
Best Time/Fixed Deposit Interest Rates in Singapore
|Deposit Account Type||Term||APY||Account Details|
|Maybank Singapore 1 Year Time Deposit||1 year||0.75%||The rate is for the 'Singapore Dollar Time Deposit' product that requires a minimum de - SGD - Dec, 2013||More Info|
|Standard Chartered Bank Singapore 1 Year Time Deposit||1 year||0.35%||This Standard Chartered deposit interest rate is for a 12 month / 1 year term and requires a mini - SGD - Nov, 2013||More Info|
|OCBC 1 Year Time Deposit||1 year||0.25%||- Rate is for deposits >$20,000 - S$999,999 and of period 12 mths - SGD - Nov, 2013||More Info|
|DBS Singapore 1 Year Fixed Deposit||1 year||0.2500%||Deposit Accounts require a S$1,000 minimum and the rate applicable is for a period of 12 months f - SGD - Dec, 2013||More Info|
|UOB Singapore 1 Year Fixed Deposit||1 year||0.25%||A minimum of S$5,000 for this deposit account and this interest rate is applicable f - SGD - Dec, 2013||More Info|
|HSBC Singapore 1 Year Time Deposit||1 year||0.25%||This HSBC Singapore deposit interest rate is for a 12 month / 1 year term and require a minimum o - SGD - Dec, 2013||More Info|
|OCBC 6 Month Time Deposit||6 month||0.15%||This OCB SGD fixed deposit interest Rate requires a deposit balance of >$20,000 - S$999,999 fo - SGD - Nov, 2013||More Info|
|UOB Singapore 6 Month Fixed Deposit||6 month||0.15%||This FD account requires a minimum of S$5,000 and this deposit interest rate is applic - SGD - Dec, 2013||More Info|
|DBS Singapore 6 Month Fixed Deposit||6 month||0.1500%||This DBS FD interest rate below is for a balance required between S$50,000 S$99,999 and for - SGD - Dec, 2013||More Info|
|Citibank Singapore 1 Year Time Deposit||1 year||0.10%||Interest rate for this time deposit is for a 12 month / 1 year term period and requires a minimum - SGD - Dec, 2013||More Info|
|OCBC 3 Month Time Deposit||3 month||0.10%||The FD Interest Rate is for a deposit investment of >$20,000 - S$999,999 and period 3 – 5 mths - SGD - Nov, 2013||More Info|
|UOB Singapore 3 Month Fixed Deposit||3 month||0.10%||The deposit interest rate is applicable for a balance between S$50,000 - S$249, - SGD - Dec, 2013||More Info|
|DBS Singapore 3 Month Fixed Deposit||3 month||0.1000%||The SGD interest rate below is for a deposit balance required between S$50,000 S$99,999 and - SGD - Dec, 2013||More Info|
|UOB Singapore 1 Month Fixed Deposit||1 month||0.05%||The interest rate applicable for this account requires a balance from below S50,000 to S$999,999 - SGD - Dec, 2013||More Info|