Best Fixed Deposit Rates : August 2023
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Singapore FD rates in August edge slightly higher for some banks in August 2023.
These are the best interest rates for fixed deposits in Singapore in August 2023.
Bank of China
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The best rate for BOC is 3.5% for 3 months.
CIMB
See the latest rates here
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SCB offers 6 months FD rate of 3.4% for Priority Private Banking rate. The
minimum amount is $25,000
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Citibank
Citibank FD raes have fallen to 3.2% for 3 months.
DBS / POSB
DBS/POSB best rate is 3.2% for 12 months. The minimum amount is $1000.
According to their website, DBS/POSB will accept new placements for tenors
12 months and below.
HL Bank
HL Bank has reduced the FD rates to 3.5% for 3 and 6 months. Minimum
placement is at SGD 100,000
Hong Leong Finance
Hong Leong Finance offers the highest rate at 3.05% for $50K for 9 months.
HSBC
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HSBC offered periods of 3 and 12 months FD rates. The best rates will be
for 3 months at 3.3% for new customers. The minimum amount for this promo
rate is $30,000.
ICBC
ICBC offers 3.3% for 3 months via e-banking for deposits as low as $500.
For OTC, the minimum would be at $20,000 with 3.25% for 3 months.
Maybank
The best interest rate for Maybank is 3% for 12 months. The minimum
placement is $20,000.
OCBC
OCBC FD has only 1 tenure on promo. The rate is 2.7% for 6 months via Internet Banking.
RHB
RHB's best rate is at 3.45% for 6 months for Premier Banking online for 6
months.
Standard Chartered Bank
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UOB
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The promo rate for UOB FD is at 2.7% for a 6 or 10 months tenure for
$10,000. It is now one of the lowest in town.
Disclaimer
The information provided by TWD serves is for information purposes. It is not meant to be personalised investment advice. Readers must do their due diligence and refer to financial advisors for their investment needs. The information is correct as of 31st July 2023. Do refer to the individual banks for the latest updates.
The information provided by TWD serves is for information purposes. It is not meant to be personalised investment advice. Readers must do their due diligence and refer to financial advisors for their investment needs. The information is correct as of 31st July 2023. Do refer to the individual banks for the latest updates.
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