However, bear in mind that you may risk losing all or part of your interest if the fund is withdrawn prematurely. Let us first take a look at OCBC bank’s fixed deposit rates. Typically, the longer your FD period is, the higher the interest rate is. ![]() This can also be done via iMoney's online calculator. To get maximum returns from your deposits, check the rates of all the banks before opening an FD. From 10 November 2023 to 30 November 2023, enjoy a promotional rate on your Singapore Dollar Time Deposit with a minimum of S25,000 in fresh funds. Keep yourself updated with the latest FD promotions by checking iMoney's online calculator regularly (Scroll up to use the calculator).ĭifferent banks have different FD interest rates. Period: Deposit amount of 30,000 and above: 6 months: 2.70 p.a. Interest rates from FD promotions are usually higher than the board rate. Here are the best fixed deposit rates in Singapore 2023 for a 3-month commitment period. Most banks run FD promotions a few times a year in order to entice new and recurring customers. ![]() Is this the most attractive Fixed Deposit in Singapore right now For the record if you wanted the absolute best fixed deposit interest rates right now. As such, if you have some spare cash that you do not need access to, you can boost your income by choosing to invest in it. Maximum deposit is 999,999 but c’mon, if you have 1 million to put into fixed deposit at one go, OCBC will probably give you even better rates. FD's generally provide savers with higher interest rates than regular savings accounts.
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