![]() ![]() Typically, you will lock in a sum of money (usually a minimum of $10,000) and the bank will pay you interest after a fixed period. Let’s start by talking a little more about fixed deposits.įixed deposits earn you a guaranteed amount of interest for the money you put in over a specific period of time. (it’s free to read on so why not!) The best fixed deposit rate in Singapore (November 2023) I will share with you my strategy and thoughts. If you are struggling to choose where to park your money, then you should continue to read on. ![]() ![]() The Telegram community has shown keen interest in a few instruments instruments – fixed deposit accounts, regular deposit accounts, T-Bill and Singapore Savings Bond (SSB). The best 6-month fixed deposit rate we found was 3.60% p.a., which is below the cut-off yield of the latest 6-month T-bill auction.offered by RHB and HL Bank, and the best 3-month fixed deposit rate we found was 3.50% p.a. The best 12-month fixed deposit rate we found was 3.60% p.a.Hong Leong Finance is also offering a promotional 11-month fixed deposit rate to 3.48% per annum. For example, Citibank raised its 3-month fixed deposit rate to 3.50% per annum.Banks in Singapore have raised their interest rates on fixed deposit accounts in November 2023. ![]()
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