Well I guess, we are indeed living in strange/uncertain times. Instead due to promotional rates, High Liquidity is earing High Interests. Logically it does not make sense as High Liquidity (savings deposits) should yield Low Interests.
Most of my funds are currently in HSBC deposits, which are already earning 5.55% high interest rate. Fixed Deposit (FD) Minimum placement is $20,000Ĭomparing against the upcoming 12 months T-bills, with historical prices hovering at around 3.7%, the RHB FD rate of 3.9% is a just a tad higher.įor those who are unaware, the 12 months T-bill is only available every quarter, and closing this week, 19 April To put it simply: Highest Fixed Deposit Rate for a foreign bank RHB Bank at 3.55 Highest Fixed Deposit Rate for a local bank DBS Bank at 3.20 Here’s the same in. With effect from 7 November 2022, our deposits interest rates will be revised as follows: Ordinary Fixed Deposit (effective 7 November 2022) Tenure Rates (p.a.) 1 month 2.40 2 months 2.50 3 - 5 months 2.55 6 11 months 2.75 12 months 2.80 > 12 months Negotiable RHB Senior FD (effective 7 November 2022) Tenure Rates (p.a. I had in Jan and Feb 2023, benefited from their 5.5% savings deposits promotion, and am considering putting in some monies, to lock-in a higher interest rate before rates start coming down. Which is the best Fixed Deposit interest rates in Singapore right now I’ve compiled the list of best fixed deposit interest rates in Singapore below (as at June 2023). RHB bank is running a new Fixed Deposits promotion of up to 4.1% though realistically while comparing with the upcoming 12 months T-bill, it should be 3.9%
