Best Fixed Deposit Interest Rates
The banks in Singapore offers the best fixed deposit interest rates for your investments. You can make the deposits in Singapore Dollars with a minimum Investment of S$ 1000.
DBS – Singapore Fixed Deposits:
DBS offers a lot of benefits for investing in the fixed deposits.
- Minimum investment is S$ 1000.
- The investment period can be a minimum period of 1 day and to your maximum time of 24 months.
- You can place the orders online if you already have a fixed deposit account with DBS.
- The deposits will be renewed automatically when it matures.
DBS Fixed Deposit Interest Rates:
Some of the latest interest rates are mentioned below as on July, 2010. The rates here are for your reference only. You can check the latest interest rates in the bank.
S$ 1000 to S$ 9999 – 6 months – 0.25%
S$ 1000 to S$ 9999 – 12 months – 0.45%
S$ 1000 to S$ 9999 – 18 months – 0.6%
S$ 1000 to S$ 9999 – 24 months – 0.7%
The comparison of interest rates offered by the other banks are.
| Time: 1 Year | Less than S$10k | S$10k | S$20k | S$30k | S$40k | S$50k |
|---|---|---|---|---|---|---|
| Citibank | - | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 |
| DBS | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |
| HSBC | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 |
| MayBank | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| OCBC | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 | 0.55 |
| RHB | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 |
| SC | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 |
| UOB | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 |