Best Fixed Deposit Rates for March 2024

 

FD Rates for March are trending downwards.

Recent rates for Singapore T Bills have been mixed, with it falling to 3.54% in Jan and recovering to 3.66% in March. This does not translate to higher FD rates for March 2024

There are the best interest rates for fixed deposits for banks in Singapore for  Feb 2024

BANKS	INTEREST (PA)	TENURE	MIN DEPO
BANK OF CHINA	3.45% (Online)	3 mths	$5,000
CIMB	3.4% (Online)	6 mths	$10,000
CITIBANK	3.4 %	3 mths	$50,000
DBS/POSB	3.2%	12 mths	$1,000
HL BANK	0.4%	12 mths	NA
HONG LEONG FINANCE	3.05%	5 mths	$20,000
HSBC	3.4%	3 mths	$200,000
ICBC	3.35%	3 mths	$500
MAYBANK	2.6%	12 mths	$20,000
OCBC	3% (online)	6 mths	$20,000
RHB	3.3%	6 mths	$20,000
SINGAPURA FINANCE	NA	NA	NA
SCB	3.2%  (Priority Private)	6 mths	$25,000
UOB	3%	6 mths	$10,000

*Click on the individual banks for the latest rates

Rates are as of 1 Dec 2023. Please refer to respective banks for the latest rates

Bank of China

The best rate for BOC has remained at 3.45% for 3 months via Mobile Banking. 

See the latest rates here

CIMB

CIMB best FD rate is at 3.4% for 6 months. 

See the latest rates here

Citibank

Citibank's FD rate has dropped to  3.4% for 3 months.

See the latest rates here

DBS / POSB

DBS/POSB remains unchanged at 3.2%

According to their website, DBS/POSB will accept new placements for tenors 12 months and below.

See the latest rates here

HL Bank

Base on the website, HL bank only has board rates.

See the latest rates here

Hong Leong Finance

Hong Leong Finance FD rates have fallen to 3.05% for 5 and 6 months.

See the latest rates here

HSBC

HSBC's highest rate is at 3.4% for 3 months.

See the latest rates here

ICBC

ICBC offers 3.35% for 3 months via e-banking for deposits from $500. OTC starts from $20,000.

See the latest rates here

Maybank

Maybank's best FD rate is at 2.6% for  12m.

See the latest rates here

OCBC

OCBC FD is at 2.7% for 6 months at the branch and 3% online.

See the latest rates here

RHB

RHB's interest rates remain at 3.3% for 6 months for Premier Client.

See the latest rates here

Standard Chartered Bank

SCB offers a fresh fund promo of 3.2% for 6 months for online promo for priority clients.

See the latest rates here

UOB

UOB has one of the lowest rate in town at 3% for 6 months.

See the latest rates here

Disclaimer
The information provided by TWD is for information purposes. It is not meant to be investment advice. Readers must do their due diligence and refer to financial advisors for their investment needs. The information is correct as of 29th Feb. It will be updated on March 1. Do refer to the individual banks for the latest updates.