Best Fixed Deposit Rates for Apr 2024
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April FD rates remain in a tight range and are going lower.
Recent T Bills rates have trended upwards again, reaching 3.8% at the last auction in March. However, this has not translated to higher rates for Singapore banks' FD rates.
There are the best interest rates for fixed deposits for banks in Singapore for Feb 2024
BANKS | INTEREST (PA) | TENURE | MIN DEPO |
3.25% (Online) | 3 mths | $5,000 | |
|
3.3% (Online) |
6 mths |
$10,000 |
|
3.3 % |
3 mths |
$50,000 |
|
3.2%
|
12 mths |
$1,000 |
|
0.4% |
12 mths |
NA |
|
2.95% |
3 mths |
$50,000 |
|
3.25%
|
3 mths |
$200,000 |
|
3.35% |
3 mths |
$500 |
|
2.6% |
12 mths |
$20,000 |
| 2.8% (online) | 6 mths |
$20,000 |
|
3.2%
|
6 mths |
$20,000 |
|
NA |
NA
|
NA |
|
3.2% (Priority Private) |
6 mths |
$25,000 |
|
2.9% |
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 dropped to 3.25% for 3 months via Mobile Banking.
CIMB
See the latest rates here
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SCB offers a fresh fund promo of 3.2% for 6 months for online promo for priority clients.
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Citibank
Citibank's FD rate has dropped to 3.3% for 3 months.
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.
HL Bank
Base on the website, HL bank only has board rates.
Hong Leong Finance
Hong Leong Finance FD rates have fallen to 2.95% for 3 months.
HSBC
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HSBC's has reduced the best FD rates to 3.25% for 3 months.
ICBC
ICBC offers 3.35% for 3 months via e-banking for deposits from $500. OTC starts from $20,000.
Maybank
Maybank's best FD rate is at 2.6% for 12m.
OCBC
OCBC FD is at 2.7% for 6 months at the branch and 2.8% online.
RHB
RHB's interest rates drop to 3.2% for 6 months for Premier Client.
Standard Chartered Bank
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UOB
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UOB has one of the lowest rate in town at 2.9% for 6 months.
Disclaimer
The information provided by TWD is for information purposes only and is not meant to be investment advice. Readers must do their due diligence and consult financial advisors for their investment needs. The information is correct as of 31st March and will be updated on 1 April.
The information provided by TWD is for information purposes only and is not meant to be investment advice. Readers must do their due diligence and consult financial advisors for their investment needs. The information is correct as of 31st March and will be updated on 1 April.
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