Overview of best fixed deposit rates in Singapore (Nov 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 Nov 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, and fixed deposit alternatives are looking ever more enticing.
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.
