Deposit Accounts require a S$1,000 minimum and the rate applicable is for a period of 12 months The rate of 1.40% is 0.64% higher than the average 0.76%. Also it is 0.05% lower than the highest rate 1.45 Updated Aug, 2019 on DBS's secure website. Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly. Transfer between RMB remittance call/time deposit accounts (Limited to residents of Hong Kong SAR) CNY1. RMB remittance savings account-Self Name/Third Party (Limited to residents of Taiwan Region) Self Name - Limited to residents of Taiwan Region; Self Name - Outward remittance can only be paid into the original current savings account under. DBS meets your banking needs with a wide range of bank accounts from high interest savings accounts to current and Fixed Deposit accounts!

1. Which Bank Is Best For Time Deposit
2. Dbs Time Deposit Promotion
3. Dbs Time Deposit Offer
4. Dbs Time Deposit Promotion Singapore
5. DBS 9 Month Fixed Deposit
6. Dbs Time Deposit Interest Rate For Seniors

Looking for the best fixed deposits in Singapore? There are varying fixed deposit promotions in terms of interest rates, tenure period offered by the banks in June 2020.

The 1 year interest rate for July 2020 Singapore Savings Bonds has fallen as low as 0.30%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds.

I have shared many other financial instruments that is similar to what fixed deposits can offer. They are endowment plans such as Tiq 3 Year Endowment Plan and China Taiping i-Save Plan. The benefit of these endowment plans is the guaranteed capital upon maturity which is similar to what fixed deposits offer.

Last month, I have signed up for a Singlife account, which is an insurance savings plan that offers you 2.5% p.a. for up to S$10,000. The interests paid last month was S$18.72 based on a deposit of S$10,000.

The current low interest rates offered by most banks remained unattractive to me. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for June 2020. My preferred fixed deposits below is DBS and Maybank iSAVvy Time Deposit.

DBS Fixed Deposit

Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated

Based on the interests rates published on 4th May 2020, the rates remained unchanged.

For a minimum amount of S$1,000, you can perform a fixed deposit placement with DBS. For a 12 months placement of S$10,000 at 1.40% p.a., the interest that you will receive upon maturity is S$140.

MayBank iSAVvy Time Deposit

Interest Rate: 1.20% (12 months) or 1.40% (24 months), Minimum Placement: S$25,000, Promotion Valid Until: Not stated

I found some changes to the time deposit offered by MayBank. It seems that MayBank had decided to do away with their traditional time deposit and replace with the iSAVvy Time Deposit.

This promotion is valid from 17th April 2020 onwards for a minimum placement amount of S$25,000 in iSAVvy Time Deposit via Maybank Mobile/Online Banking (for individuals only).

For a 12 months placement of S$25,000 at 1.20% p.a., the interest that you will receive upon maturity is S$300.

For a 24 months placement of S$25,000 at 1.40% p.a., the interest that you will receive upon maturity is S$704.90.

Hong Leong Finance Deposit Promotion

Interest Rate: Up to 0.95%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated

For 10 months placement of S$20,000 at 0.90% p.a., the interest that you will receive upon maturity is S$150.00.

UOB Time Deposit

Which Bank Is Best For Time Deposit

Interest Rate: 0.90%, Minimum Placement: S$20,000, Promotion Valid Until: 30th June 2020

For 10 months placement of S$20,000 at 0.90% p.a., the interest that you will receive upon maturity is S$150.00.

OCBC Time Deposit

Dbs Time Deposit Promotion

Interest Rate: 0.85%, Minimum Placement: S$5,000, Promotion Valid Until: 30th June 2020

Dbs Time Deposit Offer

For 12 months placement of S$5,000 at 0.85% p.a., the interest that you will receive upon maturity is S$42.50.

Dbs Time Deposit Promotion Singapore

Standard Chartered Bank Singapore Dollar Time Deposit

Interest Rate: 0.40% to 0.50%, Minimum Placement: S$25,000, Promotion Valid Until: 8th June 2020

For 6 months placement of S$25,000 at 0.40% p.a., the interest that you will receive upon maturity is S$50.

DBS 9 Month Fixed Deposit

If you happen to be a priority banking customer, for 6 months placement of S$25,000 at 0.50% p.a., the interest that you will receive upon maturity is S$62.50.

Dbs Time Deposit Interest Rate For Seniors