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 Term APY
Maybank Singapore 1 Year Time Deposit1 year0.75% Aug, 2014
DBS Singapore 2 Year Fixed Deposit2 year0.55% Aug, 2014
Maybank Singapore 6 Month Time Deposit6 month0.5000% May, 2014
Maybank Singapore 3 Month Time Deposit3 month0.3500% May, 2014
Standard Chartered Bank Singapore 1 Year Time Deposit1 year0.350% Aug, 2014
DBS Singapore 1 Year Fixed Deposit1 year0.25% Aug, 2014
HSBC Singapore 1 Year Time Deposit1 year0.25% Aug, 2014
OCBC 1 Year Time Deposit1 year0.25% Aug, 2014
Standard Chartered Bank Singapore 6 Month Time Deposit6 month0.200% Aug, 2014
Maybank Singapore 1 Month Time Deposit1 month0.20% May, 2014
DBS Singapore 6 Month Fixed Deposit6 month0.1500% Aug, 2014
OCBC 6 Month Time Deposit6 month0.150% Aug, 2014
HSBC Singapore 6 Month Time Deposit6 month0.15% Aug, 2014
OCBC 3 Month Time Deposit3 month0.100% Aug, 2014
DBS Singapore 3 Month Fixed Deposit3 month0.10% Aug, 2014
Standard Chartered Bank Singapore 3 Month Time Deposit3 month0.10% Aug, 2014
Citibank Singapore 6 Month Time Deposit6 month0.10% Aug, 2014
Citibank Singapore 1 Year Time Deposit1 year0.10% Aug, 2014
HSBC Singapore 3 Month Time Deposit3 month0.10% Aug, 2014
Citibank Singapore 3 Month Time Deposit3 month0.08% Aug, 2014
Citibank Singapore 1 Month Time Deposit1 month0.05% Aug, 2014
DBS Singapore 1 Month Fixed Deposit1 month0.05% Aug, 2014
Standard Chartered Bank Singapore 1 Month Time Deposit1 month0.050% Aug, 2014
OCBC 1 Month Time Deposit1 month0.050% Aug, 2014
HSBC Singapore 1 Month Time Deposit1 month0.05% Aug, 2014