Savings with fixed deposit

Savings with Fixed Deposit

Presents by – Elaine Jasmine


You have worked hard and saved a substantial amount of money. But you are unsure of where to invest the amount in order to earn more and avoid an losses. In a situation like this, choosing a fixed deposit can be a good option. You can earn interest on the fixed deposit too and since it is with the bank, there is no lack of security. You can actually earn more interest through fixed deposits than a normal savings account.

Fixed deposits are extremely safe and cultivates the saving habit of a person. The fixed deposit tenure is a specific period and closing it before the tenure ends could lead to penalty charges. The Singapore fixed deposit interest rate is highly dependent on the tenure of the fixed deposit. Longer the tenure, higher is the interest rate. You can own more than one fixed deposit and generally, there is no upper limit for your deposit. You can choose to deposit as much as you want. You can enjoy the principal amount along with a lump sum interest, once the fixed deposit tenure is over.


There are several banks in Singapore which offers different fixed deposit schemes. You must understand the products carefully and analyze the market risks before you invest. Check the interest rates provided by the banks for their fixed deposit schemes and select the one that offers the best rates. Apart from this, you must also check for the minimum requirement for deposit. It differs from one bank to another. Hence, choose as per your convenience. The different banks in Singapore that offer fixed deposit schemes are OCBC, POSB, DBS, RHB, CIMB, HSBC, Standard Chartered, Citibank, etc.

The interest rates for fixed deposits provided by some of the leading banks in Singapore are mentioned below. This will help you to understand more about the Singapore fixed deposit interest rates.

POSB Fixed Deposit Interest Rates

Singapore Dollar Deposits

Tenure or Period(In months)

SGD 1,000- SGD 9,999

SGD 10,000- SGD 19,999

SGD 20,000- SGD 49,999

SGD 50,000- SGD 99,999

SGD 100,000- SGD 249,999

SGD 250,000- SGD 499,999

SGD 500,000- SGD 999,999

One 0.050 percent

0.050 percent

00.050 percent

0.050 percent

0.050 percent

0.050 percent

0.050 percent

Two 0.050 percent

0.050 percent

0.050 percent

0.050 percent

0.050 percent

0.050 percent

0.050 percent


Three 0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

Four 0.10 percent

0.10 percent

0.10 percent

0.10 percent

00.10 percent

0.10 percent

0.10 percent

Five 0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

0.10 percent

Six 00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

Seven 00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

Eight 00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent

00.150 percent


Nine 0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

Ten 0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

Eleven 0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

0.20 percent

Twelve 0.250 percent

0.250 percent

0.250 percent

0.250 percent

0.250 percent

0.250 percent

0.250 percent

Eighteen 0.50 percent

0.50 percent

0.50 percent

0.50 percent

0.50 percent

0.50 percent

0.50 percent

Twenty- Four

0.550 percent

0.550 percent

0.550 percent

0.550 percent

0.550 percent

0.550 percent

0.550 percent

Foreign Currency Deposits

Minimum Amount of Deposit - 5000 Singapore Dollar EquivalentAmt (US dollars)

Lower than 10'000

Lower than 25'000

Lower than 50'000

Lower than 100'000

Lower than 250'000

Lower than or equal to 500'000

1 day 0.00 percent 0.00 percent 0.00 percent 0.010 percent 0.010 percent 0.010 percent

1 week 0.00 percent 0.00 percent 0.00 percent 0.00 percent 0.00 percent 0.00 percent

1 month 0.040 percent 0.040 percent 0.040 percent 0.10 percent 0.10 percent 0.130 percent

2 months 0.090 percent 0.090 percent 0.090 percent 0.170 percent 0.170 percent 0.210 percent

Foreign Currency Deposits

Minimum Amount of Deposit - 5000 Singapore Dollar Equivalent



12 months 0.220 percent 0.220 percent 0.220 percent 0.3750 percent

0.5350 percent 0.560 percent

UOB Singapore Dollar Fixed Deposit Interest Rates

Deposit Range

1 Months

2 Months

3 Months

4Months 5Months 6Months 7Months 8Months

Below S$50,000

0.05 0.05 0.10 0.10 0.10 0.15 0.15 0.15

S$50,000 to S$249,999

0.05 0.05 0.10 0.10 0.10 0.15 0.15 0.15

S$250,000 to S$499,999

0.05 0.05 0.10 0.10 0.10 0.15 0.15 0.15

S$500,000 to S$999,999

0.05 0.05 0.10 0.10 0.10 0.15 0.15 0.15

UOB Singapore Dollar Fixed Deposit Interest Rates

Deposit Range

9Months 10Months 11 Months 12 Months 18Months 24Months 36 Months

Below S$50,000

0.2 0.2 0.2 0.25 0.5 0.55 0.65

S$50,000 to S$249,999

0.2 0.2 0.2 0.25 0.5 0.55 0.65

S$250,000 to S$499,999

0.2 0.2 0.2 0.25 0.5 0.55 0.65

S$500,000 to S$999,999

0.2 0.2 0.2 0.25 0.5 0.55 0.65

Foreign Currency Fixed Deposit Interest Rates

Currency / Deposit Range

One Week Two Weeks One Month Two Months

Three Months

Six Months Twelve Months

US Dollar

Below 50,000

Not Applicable

Not Applicable

0.050 0.050 0.050 0.105 0.215

50,000 to 99,999

Not Applicable

Not Applicable

0.0500 0.05 0.0950 0.255 0.44

100,000 to 249,999

Not Applicable

Not Applicable

0.05 0.050 0.095 0.255 0.465

250,000 to 499,999

Not Applicable

Not Applicable

0.05 0.06 0.120 0.29 0.515




Three Months


Australian DollarBelow 50,000

Not Applicable

Not Applicable

0.28 0.32o 0.36 0.43 0.2

50,000 to 99,999

Not Applicable

Not Applicable

0.68 0.72 0.760 0.83 0.6

100,000 to 249,999

Not Applicable

Not Applicable

0.88 0.920 0.960 1.030 0.8

250,000 to 499,999

0.3500 0.3600 1.28 1.32 1.36 1.43 1.2




Three Months


British PoundBelow 50,000

Not Applicable

Not Applicable

0.05 0.05 0.05 0.05 Not Applicable

50,000 to 99,999

Not Applicable

Not Applicable

0.05 0.05 0.05 0.05 Not Applicable

100,000 to 249,999

Not Applicable

Not Applicable

0.05 0.05 0.05 0.05 Not Applicable

250,000 to 499,999

Not Applicable

Not Applicable

0.05 0.05 0.05 0.09 Not Applicable




Three Months


Canadian DollarBelow 50,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

50,000 to 99,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

100,000 to 249,999

Not Applicable

Not Applicable

0.04 0.04 0.05 0.06 Not Applicable

250,000 to 499,999

Not Applicable

Not Applicable

0.18 0.18 0.19 0.2 Not Applicable




Three Months


Euro

Below 50,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

50,000 to 99,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

100,000 to 249,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

250,000 to 499,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable




Three Months


Hong Kong DollarBelow 500,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

500,000 to 999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

1,000,000 to 1,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

2,000,000 to 4,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

0.1 Not Applicable




Three Months


Japanese YenBelow 10,000,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

0.005 Not Applicable

10,000,000 to 19,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable


20,000,000 to 29,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable





Three Months


Japanese Yen30,000,000 to 39,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable


40,000,000 to 49,999,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable





Three Months


New Zealand DollarBelow 50,000

Not Applicable

0.33 1.24 1.16 1.11 1.09 0.97

50,000 to 99,999

0.33 0.33 1.64 1.56 1.51 1.49 1.37

100,000 to 249,999

0.83 0.83 1.84 1.76 1.71 1.69 1.57

250,000 to 499,999

1.33 1.33 2.24 2.16 2.11 2.09 1.97




Three Months


Swiss FrancBelow 50,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

50,000 to 99,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

100,000 to 249,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

250,000 to 499,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable




Three Months


Chinese RenminbiBelow 50,000

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

50,000 to 249,999

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

Not Applicable

250,000 to 499,999

Not Applicable

Not Applicable

0.9 Not Applicable

1.0 1.1 1.2

500,000 to 999,999

Not Applicable

Not Applicable

0.9 Not Applicable

1.0 1.1 1.2




Three Months


Chinese Renminbi1,000,000 to 2,499,999

Not Applicable

Not Applicable

0.95 Not Applicable

1.05 1.15 1.25

2,500,000 to 4,999,999

Not Applicable

Not Applicable

1.05 Not Applicable

1.15 1.25 1.35

5,000,000 to 9,999,999,999

Not Applicable

Not Applicable

1.15 Not Applicable

1.25 1.35 1.45

There are several other banks with provide different rate of interest for fixed deposits. It is highly advisable that you study them all and decide accordingly. Choose a fixed deposit that suits your purposes and enjoy the peace of mind that you need and deserve.

Thank You

Savings with fixed deposit

Economy & Finance

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