Significant Deposit Commitment: Having S$20,000 or more savings is better to meet overall bank requirements and is available to have the best interest rates.Premium Customer Advantage: Most of the lucrative fixed deposit interest rates are often reserved for a bank’s premium or priority customers, reflecting the exclusivity of these offers.However, it’s worth noting that certain banks, such as RHB, may offer more favourable rates for their existing clientele when they renew their fixed deposits.

Alluring Welcome Offers: Banks frequently package these promotional rates as “welcome offers” to entice new customers.Some of these promotional rates might not even have a designated expiry date. Fluctuating Promotional Interest Rates: Many banks in Singapore offer promotional interest rates on fixed deposits, which may vary monthly.Key Things to Know Before Investing in Fixed Deposits S$50,000 (Citi Priority, Citibanking, or Citi Plus) 3.20 (Citi Priority, Citibanking or Citi Plus) The best 3-month fixed deposits are offered by Bank of China and HL Bank, which is up to 3.40% p.a.īest Fixed Deposit Rates Singapore – November 2023.HL Bank has raised its 12-month fixed deposit rate to 3.60% p.a., which is the same as the RHB Bank.It is up to 3.60% for the 6 and 12-month tenure. RHB Bank is highlighted as having the best bank fixed deposit rates for October 2023.Several banks in Singapore offer competitive fixed deposit rates, including BANK OF CHINA, CIMB, CITIBANK, DBS/POSB, HL BANK, HONG LEONG FINANCE, HSBC, ICBC, MAYBANK, OCBC, RHB, SINGAPURA FINANCE, SCB, and UOB.Fixed Deposit Rates Compare to Cash Management Accounts.Fixed Deposit Rates Compare to Savings Accounts.Fixed Deposit Rates Compare to Singapore Treasury Bill (T-bill) and Singapore Savings Bonds.What Are the Alternatives to Fixed Deposits?.What are the Banks Offering the Highest Fixed Deposit Rates in Singapore?.Key Things to Know Before Investing in Fixed Deposits.Best Fixed Deposit Rates Singapore – November 2023.

Rhb fixed deposit singapore