Best Fixed Deposit Rates November 2023 Singapore Banks - TheWackyDuo.com - Singapore Wacky Digital Underground Outpost

Best Fixed Deposit Rates November 2023 Singapore Banks




Are Singapore FD rates going up for Nov 2023?

Interest rates are slowly trending upward for T Bills. Would this be reflected for Banks FD?

These are the best interest rates for fixed deposits for banks in Singapore for November 2023.

BANKS

INTEREST (PA)

TENURE

MIN DEPO


BANK OF CHINA


3.35% (Online)               


3 mths    


$5,000

 

CIMB


 

3.45% (Online)

 

6 mths

 

$10,000

 

CITIBANK

 

3.5 % (Citigold)


 

3 mths

 

$250,000

 

DBS/POSB


 

3.2%

 

 

12 mths

 

$1,000

 

HL BANK


 

3.6%


 

12 mths

 

$100,000


 

HONG LEONG FINANCE


 

3.58%


 

8 mths

 

>$50,000

 

HSBC

 

 

3.45%

 

 

3 mths

 

$200,000

 

ICBC

 

 

3.3% 


 

3 mths

 

$500


 

MAYBANK


 

2.65%

 

12 mths

 

$20,000

 

OCBC

 


2.7%                    


6 mths

 

$20,000


 

RHB

 

 

3.68%

 

 

6 mths

 

$20,000

 

SINGAPURA FINANCE

 

NA            


 

NA    

 

 

NA

 

SCB

 

 

3.2 % (Priority)


 

12 mths

 

$25,000

 

UOB

 

 

3.1%                   

 

6,10,12 mths

 

$10,000



*Click on the individual banks for the latest rates
Rates are as of 1st Sep 2023. Please refer to respective banks for the latest rates

Bank of China





The best rate for BOC is 3.35% for 3 months. This has to be done via Mobile Banking.


CIMB


CIMB used to have one of the highest FD rates in town. Now it has one of the lowest at 3.45% for 6 months.

See the latest rates here



Citibank



Citibank FD rates have risen to 3.5% 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 increased the FD rates to 3.65% for 12 months. Minimum placement is at SGD 500,000



Hong Leong Finance






Hong Leong Finance has slightly increased; it now offers the highest rate at 3.58% for $50K for 3 months.


HSBC







HSBC offered periods of 3 months FD rates at 3.45% for Premier Banking. The minimum amount for this promo rate is $200,000.


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






Maybank's best interest rate has fallen to 2.65% 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 3.68% for 6 months for Premier Banking online for 6 months.





Standard Chartered Bank







SCB offers 6-month FD rate of 3.2% for Priority Private Banking rate. The minimum amount is $25,000



UOB






The promo rate for UOB FD is at  3.1% for a 6 ,10 or 12 -month tenure for $10,000. It is now one of the lowest in town.





Disclaimer
The information provided by TWD 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 30th  Oct. . Do refer to the individual banks for the latest updates.
Next Update will be on 1st Nov.

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