Deposit Details
- S$ Fixed Deposit is a time deposit account that lets you save your cash with minimum amount and earn high interest rate. Get S$ Fixed Deposit Account with POSB Bank and enjoy convenient banking.
- Fixed deposit account for small business with higher returns, enhanced yields & improves company's overall liquidity. Open a DBS business account online today.
| 8 mths | 12 mths | 18 mths | |
|---|---|---|---|
| $1k to <$20k | 0.60% p.a. | 1.15% p.a. | 1.30% p.a. |
NRO Fixed Deposits Terms and Conditions. The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits prior to the date of its maturity. The interest on prematurely withdrawn Resident / NRO Term Deposits will be paid for the period that such deposit is held, at the rate.
Enjoy 0.60% p.a. for 8 months fixed deposit
Interest rates are applicable for minimum placement amount of $1,000 and maximum amount of $19,999
Interest rates for tenors of 8 months and below are applicable for all customers
Receive 1.30% p.a. for 18 months fixed deposit
Receive 1.15% p.a. for 12 months fixed deposit
Receive 0.95% p.a. for 9 months fixed deposit
Interest rates for tenors of 9 months and above are applicable only to rollover of existing placements at the same tenor
New placement may be made via iBanking or at any DBS branches
The DBS Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest, while keeping your funds secure
Click here to go to DBS website for more details about DBS Fixed Deposit Rate.
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
DBS current highest fixed deposit rate is 0.60% p.a. for 8 months tenure with maximum deposit of $19,999.
There is currently no fixed deposit promotional rate for DBS Fixed Deposits. The current highest fixed deposit rate is a DBS board rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
The average monthly highest fixed deposit rate for DBS since 2018 is 1.23% p.a.
DBS has not had any fixed deposit promotional campaigns
© Provided by MoneySmart Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. You don't need to do anything to earn this interest, just park your money with a bank. Think of it like mold on a piece of bread. Just leave it out in the open and mold will grow — FREE! — on your bread for you. Seriously, though, fixed deposits are great if you have a substantial amount of money lying around and you don’t want to risk investing it. Fixed deposits are an extremely low risk way to grow your money.Best fixed deposit rates in Singapore (Feb 2021)
We've picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. $50,000 and below). Note that these promotional rates change monthly and the bank can change the rates anytime.| Bank/financial institution | Min. deposit amount | Tenure | Interest rates |
| DBS | $1,000 | 18 months | 1.3% p.a. |
| Maybank | $1,000 | 36 months | 1% p.a. |
| Hong Leong Finance | $20,000 | 24 months | 0.75% p.a. |
| ICBC | $500 | 12 months | 0.6% p.a. |
| UOB | $20,000 | 10 months | 0.5% p.a. |
| Standard Chartered | $25,000 | 3 months | 0.45% p.a. |
| OCBC | $20,000 | 12 months | 0.4% p.a. |
| RHB | $20,000 | 12 months | 0.4% p.a. |
| CIMB | $1,000 | 3 months | 0.3% p.a. |
| HSBC | $30,000 | 6 months | 0.25% p.a. |
DBS fixed deposit rates (Feb 2021)
| DBS fixed deposit rate | |
| Interest rate | 1.3% p.a. |
| Deposit amount | $1,000 to $19,999 |
| Tenure | 18 months |
Maybank fixed deposit rates (Feb 2021)
| Maybank fixed deposit rate | |
| Interest rate | 1% p.a. |
| Deposit amount | Min. $1,000 |
| Tenure | 36 months |
Hong Leong Finance fixed deposit rates (Feb 2021)
| Hong Leong Finance fixed deposit rate | |
| Interest rate | 0.75% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 24 months |
ICBC fixed deposit rates (Feb 2021)
| ICBC fixed deposit rate | |
| Interest rate | 0.6% p.a. |
| Deposit amount | Min. $500 |
| Tenure | 12 months |
UOB fixed deposit rates (Feb 2021)
| UOB fixed deposit rate | |
| Interest rate | 0.5% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 10 months |
Standard Chartered fixed deposit rates (Feb 2021)
| Standard Chartered fixed deposit rate | |
| Interest rate | 0.45% p.a. |
| Deposit amount | Min. $25,000 |
| Tenure | 3 months |
If you have $25,000 to spare, but don't want to lock it up the whole year, Standard Chartered has a 3-month fixed deposit promotion that lets you earn 0.45% p.a. [ms-inline-widget account_type='fixed-deposit' amount='10000' tenure='3' locale='en' country_code='sg' channel='fixed-deposit' product_slug='standard-chartered-singapore-dollar-time-deposit' ] OCBC fixed deposit rates (Feb 2021)
| OCBC fixed deposit rate | |
| Interest rate | 0.4% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 12 months |
RHB fixed deposit rates (Feb 2021)
| RHB fixed deposit rate | |
| Interest rate | 0.4% p.a. |
| Deposit amount | Min. $20,000 |
| Tenure | 12 months |
What about HSBC and CIMB fixed deposits?
The rest of the banks — CIMB and HSBC — are offering 0.3% or less on their fixed deposits, which is hardly worth your time. In fact, you can get 0.3% p.a. on your savings with no lock-in just by opening a regular CIMB FastSaver account. Of course, banks are notoriously fickle about their interest rates, and all these could easily change next month. For the latest promotional rates, remember to bookmark this page and our MoneySmart fixed deposit comparison page before you commit.Dbs Fixed Deposit Rate Singapore
Plus, here’s a quick and dirty summary of what you need to know about fixed deposits.Fixed deposit vs savings account — what's the difference?
https://youtu.be/Sq9hjlnEgY0 Once an attractive alternative to that pathetic 0.05% p.a. interest on savings accounts, fixed deposits — like so many ageing Channel 8 starlets — are fading from collective memory. Today, every bank in Singapore is competing for your dollar with high interest savings accounts, which may actually offer better returns. Here are the differences between fixed deposits and savings accounts at a glance:| Fixed deposit | Savings account | |
| Tenure | As low as 3 months, but go for at least 12 months for better rates | None |
| Interest rate | The longer the tenure, the better the interest rate | Usually the same regardless of tenure |
| Amount to deposit | Fixed amount, usually at least $10,000 | Smaller initial deposit and minimum monthly balance ($500 to $3,000) |
| Currency | SGD by default, but some banks offer higher interest rates for foreign currency | SGD by default. There are a few multi-currency accounts, but no difference in interest rate |
| Can you withdraw? | Contrary to popular belief, yes, but you lose the interest | Yes, no impact on interest, but don’t fall below the minimum balance |
| Interest payments | Quarterly or annually | Monthly |
| Risk level | Virtually risk-free, insured up to $75,000 by Singapore Deposit Insurance Corporation (SDIC) |
Fixed deposit vs Singapore Savings Bonds (SSB) — which is better?
In an earlier article, we compared the Singapore Savings Bonds to fixed deposits. There are a few key distinctions between these virtually risk-free investment vehicles. First, interest rates. Believe it or not, fixed deposit interest rates are actually higher than SSBs. The November issue of SSBs offers a measly 0.23% p.a. interest average return after the first 2 years, which you can easily beat with a well-chosen fixed deposit promotion. Next, entry point. It takes just $500 to invest in Singapore Savings Bonds, which is lower than the $1,000 or more for most fixed deposits. That said, ICBC fixed deposits only require $500 to start. (On the flip side, there's a cap of $200,000 you can put into Singapore Savings Bonds. There's no cap for fixed deposits.) Finally, tenure. Fixed deposits are shorter term investmentsDbs Fixed Deposit Rate For Senior Citizens
. After the lock-in period is over, you should shop around again for another place to park your money. With SSBs, however, the interest rate climbs every year, so the longer you keep the money in there (up to a maximum of 10 years) the more you get. At the same time, SSBs have higher liquidity than fixed deposits. You will not be penalised if you withdraw your money at any point. You do have to pay a $2 transaction fee each time you buy or redeem a bond, though. Know anyone who likes to park their cash in fixed deposits? Share this article with them. [ms_related_articles] The post 7 Best Fixed Deposit Rates in Singapore (Feb 2021) — DBS, Maybank & More appeared first on the MoneySmart blog.MoneySmart.sg helps you maximize your money. Like us on Facebook to keep up to date with our latest news and articles.