Best Fixed Deposit Rates for Apr 2024 - TheWackyDuo.com - Singapore Lifestyle Portal

Best Fixed Deposit Rates for Apr 2024

  



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


BANK OF CHINA


3.25% (Online)               


3 mths    


$5,000

 

CIMB


 

3.3% (Online)

 

6 mths

 

$10,000

 

CITIBANK

 

3.3 %


 

3 mths

 

$50,000

 

DBS/POSB


 

3.2%

 

 

12 mths

 

$1,000

 

HL BANK


 

0.4%


 

12 mths

 

NA


 

HONG LEONG FINANCE


 

2.95%


 

3 mths

 

$50,000

 

HSBC

 

 

3.25%

 

 

3 mths

 

$200,000

 

ICBC

 

 

3.35% 


 

3 mths

 

$500


 

MAYBANK


 

2.6%                   

 

12 mths 

 

$20,000

 

OCBC

 


2.8% (online)                    


6 mths

 

$20,000


 

RHB

 

 

3.2%

 

 

6 mths

 

$20,000

 

SINGAPURA FINANCE

 

NA            


 

NA    

 

 

NA

 

SCB

 

 

3.2% 

(Priority Private)


 

6 mths

 

$25,000

 

UOB

 

 

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




CIMB best FD rate  drops to 3.3% for 6 months. 

See the latest rates here



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






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









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



UOB









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. 


No comments

Powered by Blogger.