How do banks in Singapore derive their prime rates? Why is it that when banks slash interest rates for deposits, the cuts are substantial but when they reduce  (1) SGD Fixed Deposit interest rate (applicable to non-Fresh Funds) Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit  Fixed deposit interest rates are generally pretty low (usually less than 1%) 

The rate is for the 'Singapore Dollar Time Deposit' product that requires a minimum deposit of S$ 1,000. It is available for foreigners and Singapore residents and citizens to apply to open this account and S$ 250,000 to S$ 999,999. In general, promotional interest rates range from 1.7% to 2%. If banks advertise a higher than usual interest rate like 2.5% or more, be sure to read the fine print – it usually applies to fixed deposit sums of $50,000 or more, and usually in the form of “fresh funds” Deposit Insurance Scheme- Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to SGD75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Usually, you’ll need at least $20,000 lying around in order to benefit from decent promotional interest rates. But Chinese bank ICBC has now introduced super-low fixed deposits with really good rates for as little as $500. The maximum of 1.60% p.a. is very decent, especially for such a small deposit amount. For 12-month Singapore Dollar Time Deposits of at least $20,000, you get to enjoy an interest rate of 2.05%. This is one of the most generous rates in all of Singapore. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

These banks also offer foreign currency fixed deposits but for the purpose of this article, we will only be looking at Singapore Dollar (SGD) Fixed Deposits. Banks with the Best Promotional interest Rates for SGD Fixed Deposits below $20,000:

The rate is for the 'Singapore Dollar Time Deposit' product that requires a minimum deposit of S$ 1,000. It is available for foreigners and Singapore residents and citizens to apply to open this account and S$ 250,000 to S$ 999,999. In general, promotional interest rates range from 1.7% to 2%. If banks advertise a higher than usual interest rate like 2.5% or more, be sure to read the fine print – it usually applies to fixed deposit sums of $50,000 or more, and usually in the form of “fresh funds” Deposit Insurance Scheme- Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to SGD75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Usually, you’ll need at least $20,000 lying around in order to benefit from decent promotional interest rates. But Chinese bank ICBC has now introduced super-low fixed deposits with really good rates for as little as $500. The maximum of 1.60% p.a. is very decent, especially for such a small deposit amount. For 12-month Singapore Dollar Time Deposits of at least $20,000, you get to enjoy an interest rate of 2.05%. This is one of the most generous rates in all of Singapore.

Compare interest rates for time deposits and fixed deposits from major banks in Singapore. Find the highest equivalent fixed deposit, time deposit, certificate of deposit and term deposit rates from Singapore, Asia and around the world.

Attractive Interest Rate. You will get to enjoy attractive interest rates on your fixed deposit account. How do banks in Singapore derive their prime rates? Why is it that when banks slash interest rates for deposits, the cuts are substantial but when they reduce  (1) SGD Fixed Deposit interest rate (applicable to non-Fresh Funds) Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit 

3 Jan 2020 This statistic shows the deposit interest rates by banks in the Singapore from 2007 to 2017.

Grow your money easily with attractive interest rates. If you are looking for a flexible, hassle-free way to grow your savings - look no further. The Singapore Dollar  Attractive Interest Rate. You will get to enjoy attractive interest rates on your fixed deposit account.

Singapore Dollar Time Deposit is a fixed deposit which offers competitive interest rates and deposit tenure of 1 week to 48 months. Apply for SGD time deposit 

Singapore Dollar Time Deposit is a fixed deposit which offers competitive interest rates and deposit tenure of 1 week to 48 months. Apply for SGD time deposit  Grow your money easily with attractive interest rates. If you are looking for a flexible, hassle-free way to grow your savings - look no further. The Singapore Dollar  Attractive Interest Rate. You will get to enjoy attractive interest rates on your fixed deposit account.

11 Sep 2019 In Singapore, Maybank has bucked the trend by raising its rate for this type of savings. PHOTO: REUTERS. Singapore. FIXED deposit rates have