Overview of best fixed deposit rates in Singapore (Nov 2023) Here's our round-up of the best fixed deposit rates in Singapore in Nov 2023 for banks like UOB, DBS, OCBC, and more. You don't even need a large stash of cash-these days, banks are offering fixed deposits starting from as low as $500! Having said that, somefixed deposit rates are still very decent and worth giving a shot if you have some money lying around. While fixed deposit rates were rising in Singapore last year and even hita high of four per cent in January 2023, interest rates have taken a dip since then, and fixed deposit alternatives are looking ever more enticing. If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again.Ī fixed deposit (also known as a time deposit) account is a type of bank account that pays account holders a fixed amount of interest in exchange for depositing a certain sum of money for a certain period of time.
