Fixed Deposit refers to you put a certain amount in the bank for a pre-determined time frame and the bank will return your initial deposit and interest to you on maturity. The listing of the fixed deposit saving rate below is based on the three local banks in Singapore, namely DBS Bank, OCBC Bank and UOB Bank.
The fixed deposit rate in Singapore, of 6,9 and 12 month tenures with amount ( >$50,000 to $99,999) are as follow:
DBS | OCBC | UOB | |
6-mth | 0.20% | 0.25% | 0.15% |
9mth | 0.30% | 0.35% | 0.20% |
12mth | 0.35% | 0.45% | 0.25% |
These fixed deposit rates in Singapore are applicable for non-promotional FD rates. Terms and conditions apply to get these deposit rates in Singapore banks. For latest promotion rates, you can refer to the various banks website, visit the banks' branches or call to enquire.
DBS : 1800 111 1111
OCBC : 1800 438 3333
UOB : 1800 222 2121
Disclaimer: The rate stated above is for your reference only and are subject to change without notice.
BTW: My own experience is that it is better for you to visit the bank when your fixed deposit mature to enquire on the promotion rate else your FD will likely be renewed at the board rate.