Interest rates continue on the uptrend.
Interest rates for most banks are adjusted for October.
Today, you could get as much as 3.4% for Fix Deposit rates. Here is a
comparison of the Interest rates for the different banks in Singapore.
|
Interest(p.a) Tenure Min Deposit
|
|||
|
|
2.95% *Mobile banking |
18 Months |
$5,000 |
|
|
2.9%* *Preferred Bk |
18 Months |
$10,000 |
|
2.9%* *CitiGold |
12 Months |
$50,000 |
|
|
|
1.7% |
18 months |
$1,000 |
|
HL Bank
|
TBA |
TBA |
TBA |
|
|
2.8% |
15 months |
$200,000 |
|
|
2.8% |
12 months |
$30,000 |
|
|
2.8% *E-banking |
12 months |
$500 |
|
|
2.4% |
24 months |
$20,000 |
|
|
2.6% |
12 months |
$20,000 |
|
|
3.4%* *RHB Premier Online |
24 months |
$20,000 |
|
|
2.8%* *Priority B |
12 months |
$25,000 |
|
2.6% |
12 months |
$20,000 |
|
Click on individual bank for details of FD placement
Which bank has the best rates?
RHB is the only bank that provides interest rates of above 3%.
To qualify for a 3.4% pa return, you must make a 24 month placement via the
RHD Mobile SG App. In addition, you have to be a RHB Premier Client to get the
rates. To qualify, you have to have a balance of $200,000 with RHB.
Most other banks are providing interest between 2.6% to 2.95%. DBS/POSB is an
outlier with the best rates at 1.7%. Last month highest rate (UOB) is only
offering 2.6%
Rates as correct as of 1st Oct. Subject to change by individual banks.
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