April 17, 2024

Saingfamily

Don't Mess With Baby

Best Fix Deposit Rates Nov 2022 – Singapore | The Wacky Duo

2 min read
Best Fix Deposit Rates Nov 2022 - Singapore | The Wacky Duo

 Interest rates have stabilised for November 2022

After hitting a high of above 3% for October, Interest rates look to push
further up for November after the FOMC meeting.

BANKS

INTEREST
(PA)

TENURE

MIN DEPO

 

BANK OF CHINA

 

 

3.3%
– OTC

3.4%
– Online

 

 

 

24
mths

 

$5,000

 

CIMB

 

 

 

3.85%
-Online

3.9%
-PB Online

 

 

 

18
mths

 

$10,000

 

CITIBANK

 

 

 

3.2%-Citigold

 

 

 

 

12
mths

 

$50,000

 

DBS/POSB

 

 

 

1.7%

 

 

 

 

18
mths

 

$1,000

 

HL BANK

 

 

 

3.5%

3.8%

 

 

 

12
mths

 

$100,000

$500,000

 

HONG LEONG FINANCE

 

 

3.18%

3.3%

 

 

 

18
mths

 

$20,000

$1,000,000

 

HSBC

 

 

3.2%

 

 

 

 

12
mths

 

$30,000

 

ICBC

 

 

3.2%
-OTC

3.25%-Online

 

 

 

12
mths

 

$20,000

$500

 

MAYBANK

 

 

 

3.2%

 

15
mths

 

$25,000

 

OCBC

 

3.1%-Personal

3.2%-
Premier

3.3%-
Premier Private

 

 

12
mths

 

$20,000

 

 

 

RHB

 

 

3.4%

 

 

 

12
mths

 

$20,000

 

SINGAPURA FINANCE

 

 

3.88%

 

 

 

24
mths

 

 

 

$50,000

 

SCB

 

 

3.05%-OTC

3.1%
– Online

PB gets 0.1% higher 

 

12
mths

 

$25,000

 

UOB

 

 

3.2%

 

 

 

15
mths

 

$20,000

*Click on the individual banks for the latest rates

Bank of China

BOC best rate is 3.4% for online transactions. The good thing about BOC is that you only need $5000 to enjoy the rates.

CIMB

CIMB allows multiple tenures from 6 months to 18 months. The best rate is 3.85 % for Personal Banking and 3.9% for Preferred Banking. This is the highest as of Nov 1.

citibank

Citibank only provides exclusive time deposit rates for Citigold and Citigold Private Clients. The rate is at 3.2% for 12 months.

DBS / POSB

Despite being the largest bank in Singapore, it has the lowest FD rates. Currently, the best rate is only 1.7% for 18 months.

HL Bank

HL Bank provides attractive rates. However, the minimum deposit starts from $100,000. To get the highest tier at 3.8%, you would need to place a minimum of $500,000

Hong Leong Finance

Hong Leong Finance offers different interest rates over 18 months for different tiers. It starts from 3.18% for $20,000 to 3.3% for $1,000,000 and above.

HSBC

HSBC offered periods of 4,7 and 12 months FD rates. The best rates will be for 12 months at 3.2%

ICBC

ICBC offers 3.25% via e-banking for deposits as low as $500. For OTC, the minimum would be at $20,000 with 3.2% over 1 year.

Maybank

The best interest rates for Maybank would be at 3.2% for 24 months.

OCBC

OCBC offers 3 different interest rates for their different market segment. The lowest is at 3.1% for 1 year under Personal Banking. The highest will be at 3.3% over 1 year for Premier Private Clients.

RHB

RHB gives 3.4% for 12 months and 24 months FD.  You would need to make the placement via the RHB mobile SG App.

SINGAPURA FINANCE

Singapura Finance offers 3.55% placement for 24 months.

Standard Chartered Bank

SCB offers 3.1% for retail and 3.2% for Priority clients for placement online. The tenure will be for 12 months.

UOB 

UOB best rate will be at 3.25 for 15 months. They also offer 10 and 12-month FD rates at 3% and 3.1%, respectively. The minimum amount starts from $20,000

Disclaimer
The information provided by TWD serves is for educational purposes. It is not meant to be personalised investment advice. Readers must do their due diligence and refer to financial advisors for their investment needs. The information is correct as of 1st Nov 2022.

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