Unfortunately you have to leave it in for 36 months (3 whole years!) to earn that measly 1% p.a. with Maybank's Singapore Dollar Time Deposit. The next best alternative to DBS is usually a Maybank fixed deposit. Maybank fixed deposit rates (Feb 2021) Maybank fixed deposit rate It’s a good option if you want to save up and prefer local banks.

DBS is the best out there this month given the current economic climate and decreasing interest rates all around. Otherwise, you can still get a slightly lower interest rate of 1.15% p.a. The minimum of $1,000 is is quite a manageable amount, although you have to commit to a tenure of 18 months.

is considered sky-high by today's standards. The current highest DBS fixed deposit rate of 1.3% p.a. DBS fixed deposit rates (Feb 2021) DBS fixed deposit rateĮver since COVID-19 hit our economy, DBS has been one of the consistent winners when it comes to fixed deposit rates. However, with the current sluggish economy, fixed deposit interest rates remain low - although they might still be better than savings accounts. In 'normal', non-Covid-19 times, promotional fixed deposit rates can go up to 1.8% to 2% p.a. Bank/financial institutionįixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates.

Note that these promotional rates change monthly and the bank can change the rates anytime. Best fixed deposit rates in Singapore (Feb 2021) We've picked the highest fixed deposit rates for SGD in attainable deposit amounts (i.e. Fixed deposits are an extremely low risk way to grow your money. Seriously, though, fixed deposits are great if you have a substantial amount of money lying around and you don’t want to risk investing it. Just leave it out in the open and mold will grow - FREE! - on your bread for you. Think of it like mold on a piece of bread.

You don't need to do anything to earn this interest, just park your money with a bank. © Provided by MoneySmart Fixed deposit (sometimes called time deposit) accounts are low-risk investments that earn you interest over a fixed commitment period. We shop and compare all financial institutions, to bring you a list of the best GIC rates in Canada. Whether you’re looking for a short-term redeemable GIC or long-term non-redeemable GIC, you’ve come to the right place. Best 1-Year Non-registered GIC Rates Rates updated: Maat 12:20 AM. Treasury bond rates have fallen since the financial crisis, falling to a paltry 0.5% in 2013. If you’re just looking for a higher payout, however, CDs might be the way to go.

Ocbc fixed deposit rate 2021 ingapore