Best Fixed Deposit Rates October 2024
FD rates look to drop even more in October
FOMC cutting rates by 50 basis points in September has impacted Singapore Interest rates.
The yield for 6-month T Bills fell under 3% for the 1st time in 2 years. As expected, the FD rates for banks are lower across the board.
There are the best interest rates for fixed deposits for banks in Singapore for October 2024
BANKS |
INTEREST (PA) |
TENURE |
MIN DEPO |
|
3.05% (Online) |
3 mths |
$500 |
|
2.8% (Online) |
3 mths |
$10,000 |
|
2.55 %
|
3 mths |
$50,000 |
|
3.2%
|
12 mths |
$1,000 |
|
0.4%
|
12 mths |
NA
|
|
2.8%
|
6 mths |
$50,000 |
|
3%
|
6 mths |
$100,000 |
|
2.8%
|
3 mths |
$500
|
|
3.1% |
6 mths |
$200,000 |
|
2.6% (online) |
6 mths |
$30,000
|
|
2.75% (Premier Banking)
|
3 mths |
$20,000 |
|
NA
|
NA
|
NA |
|
2.9% (Priority Private)
|
6 mths |
$25,000 |
|
2.7% |
6 mths |
$10,000
|
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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 30 Sep 2024
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