- Dbs Fixed Deposit Interest Rates
- Dbs Fixed Deposit Rate For Senior Citizens
- Dbs Fixed Deposit
- Dbs Fixed Deposit Calculator
- Fixed Deposit Calculator
- Dbs Fixed Deposit Account
- Dbs Fixed Deposit Interest Rate
Looking for the best fixed deposits in October 2020 in Singapore? If you have 50K, you should read my previous post on Where Will You Put 50K? before you jump straight into Fixed Deposits.
Fixed Deposit (FD): Open Fixed Deposit Account online instantly with digibank by DBS & get higher interest rates with other benefits on longer period of deposits. Invest in FD on-the-go. Savings that’ll only grow, come rain or storm. DBS 9 Month Fixed Deposit. Type Fixed: Rate 1.35%: Currency: SGD: The rate of 1.35% is 0.57% higher than the average 0.78%. Also it is the highest rate for this term. DBS Fixed Deposit offers interest rate ranging from 3.00% p.a to 4.75% p.a. With a tenure of 7 days to less than 365 days. The DBS online service also offers the freedom of liquidity with a range of tenures coupled with assured returns on fixed deposits. DBS FD Interest Rate 2020.
Fixed Deposit or Singapore Savings Bonds?
Forget about the Singapore Savings Bonds. The 1 year interest rate for November 2020 Singapore Savings Bonds has fallen as low as 0.23%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds.
The Alternatives – Short Term Endowments
I have shared many other financial instruments that is similar to what fixed deposits can offer. One good alternative is buying a short term endowment plan. Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer. Most of the short term endowment plans are on limited tranche basis.
At the point of writing, the second tranche of the popular NTUC Gro Capital Ease (1.96% for 3 years) is fully subscribed.
Arturo Gatti vs. Floyd Mayweather Jr., billed as 'Thunder & Lightning', was a professional boxing match contested on June 25, 2005 for the WBC super lightweight championship. The Gatti–Mayweather bout had been in the making for over a year. After a tough trilogy with Mickey Ward, Gatti earned a shot at the vacant WBC super lightweight (AKA light welterweight) championship. Mayweather gatti odds. In his first three pay-per-view fights, against Gatti, Zab Judah and Carlos Baldomir, Mayweather sold 369,000, 378,000 and 325,000 units respectively. They were solid figures, but they weren't. GRAND RAPIDS, Mich. – The Floyd Mayweather vs. Arturo Gatti fight never was expected to take place in Mayweather's hometown, although that's exactly where the first damaging blow – and perhaps a negotiational knockout – was landed in a downtown courtroom Monday. The judge who accepted Mayweather's no-contest plea, resulting in the pound-for-pound star's fifth assault. Sixth-round TKO over Arturo Gatti for the WBC super lightweight title, June 25, 2005, Boardwalk Hall, Atlantic City, N.J.: The bout was Mayweather's first at super lightweight and marked his. Oscar De La Hoya vs. Floyd Mayweather Jr., billed as The World Awaits, was a light middleweight superfight that took place on May 5, 2007, at the MGM Grand Arena in Las Vegas, Nevada between six-division world champion Oscar De La Hoya (38–4, 30 KO) and undefeated four-division champion Floyd Mayweather Jr. At the time, the bout was the most lucrative boxing match ever, with.
The Alternatives – GIGANTIC, Dash EasyEarn or Singlife
Alternatively, you can check out GIGANTIC, Dash EasyEarn or Singlife whereby there is no lock in period and they offer a higher returns as compared to fixed deposits. Personally, I have signed up a Singlife Account and Dash EasyEarn.
|GIGANTIC||Dash EasyEarn||Singlife Account|
|Lock In Period||No||No||No|
|Minimum investment amount||S$50||S$2,000||S$500|
|Return rate per annum||2.0% per annum on your first S$10,000 for the first year|
1.0% for amounts above S$10,000 for the first year
|2.0% p.a. return for the first year (Guaranteed 1.5% p.a. + 0.5% p.a. bonus for first policy year, available on a first come, first served basis)||2.0% for first S$10,000|
1.0% for next S$90,000
* From 1 November 2020, customers who spend S$500 within their specified card spend period on the Singlife Visa Debit Card will qualify for a bonus 0.5% p.a. return on top of the new base return of 2% p.a. for the duration of one policy month.
Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for October 2020. The current low interest rates offered by most banks remained unattractive to me.
Among the banks below, I prefer the fixed deposit from DBS given that DBS offer much higher interest rate per annum for a 12 month placement as compared to the rest of the banks. You will not find any banks except DBS that pays you 1.15% p.a. for a S$20,000 placement.
DBS is the best fixed deposits in October 2020!
DBS Fixed Deposit (Recommended)
Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated
The interests rates were published on 3rd September 2020. The interest rates for the amount tier S$1,000 to S$19,999 and other tenors remain unchanged. The interest rates for 12 months and above tenors are applicable only to rollover placements at the same tenors.
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 1.15% p.a., the interest that you will receive upon maturity is S$115.
Hong Leong Finance Deposit Promotion
Interest Rate: Up to 0.85%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
For 12 months placement of S$20,000 at 0.85% p.a., the interest that you will receive upon maturity is S$170.00. This is on the condition that you perform the renewal or fresh funds deposit via PayNow.
|Deposit Amount||12 months (Renewal or Fresh Funds via PayNow)||12 months (Fresh Funds At Branch)|
|S$20,000 and above||0.85%||0.80%|
MayBank iSAVvy Time Deposit
Interest Rate: Refer below, Minimum Placement: S$5,000, Promotion Valid Until: Not stated
MayBank has reduced their interest rate across the tiers. Here are the interest rates for MayBank iSAVvy Time Deposit as of 9th October 2020.
For a 6 months placement of S$5,000 at 0.40% p.a., the interest that you will receive upon maturity is S$10.00.
For a 12 months placement of S$25,000 at 0.65% p.a. and 24 months at 0.85% p.a., the interest that you will receive upon maturity is S$162.50 and $426.81 respectively.
UOB Time Deposit
Interest Rate: 0.55%, Minimum Placement: S$20,000, Promotion Valid Until: 31st October 2020
The interest rate has fallen from 0.65% p.a. in September to 0.55% p.a. in October.
For 10 months placement of S$20,000 at 0.55% p.a., the interest that you will receive upon maturity is S$91.67.
|Minimum Placement (Fresh Funds)||Tenor||Promotional Rate|
|S$20,000||10 months||0.55% p.a.|
OCBC Time Deposit
Interest Rate: 0.50%, Minimum Placement: S$5,000, Promotion Valid Until: 31st October 2020
OCBC has reduced their fixed deposit rate from 0.60% p.a. in September to 0.50% p.a. in October.
|Minimum Placement (Fresh Funds)||Tenor||Promotional Rate|
|S$5,000||12 months||0.50% p.a.|
Dbs Fixed Deposit Interest Rates
For 12 months placement of S$5,000 at 0.50% p.a., the interest that you will receive upon maturity is S$25.00.
CIMB Fixed Deposit
Interest Rate: Refer below, Minimum Placement: S$5,000, Promotion Valid Until: 31st October 2020
For 12 months placement of S$5,000 at 0.30% p.a., the interest that you will receive upon maturity is S$15.00.
Standard Chartered Bank Singapore Dollar Time Deposit
Interest Rate: 0.20% to 0.30%, Minimum Placement: S$25,000, Promotion Valid Until: 12th October 2020
For 6 months placement of S$25,000 at 0.20% p.a., the interest that you will receive upon maturity is S$25.00.
If you happen to be a priority banking customer, for 6 months placement of S$25,000 at 0.30% p.a., the interest that you will receive upon maturity is S$37.50.
|Minimum Placement||Tenure||Promotional Rate||Priority Banking Preferential Rate|
|S$25,000||6 months||0.20% p.a.||0.30% p.a.|
|8 mths||12 mths||18 mths|
|$1k to <$20k||0.60% p.a.||1.15% p.a.||1.30% p.a.|
Enjoy 0.60% p.a. for 8 months fixed deposit
Dbs Fixed Deposit Rate For Senior Citizens
Interest rates are applicable for minimum placement amount of $1,000 and maximum amount of $19,999
Interest rates for tenors of 8 months and below are applicable for all customers
Receive 1.30% p.a. for 18 months fixed deposit
Dbs Fixed Deposit
Receive 1.15% p.a. for 12 months fixed deposit
Receive 0.95% p.a. for 9 months fixed deposit
Interest rates for tenors of 9 months and above are applicable only to rollover of existing placements at the same tenor
New placement may be made via iBanking or at any DBS branches
The DBS Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest, while keeping your funds secure
Dbs Fixed Deposit Calculator
Click here to go to DBS website for more details about DBS Fixed Deposit Rate.
Historical Chart and Deposit Rates
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
Fixed Deposit Calculator
DBS current highest fixed deposit rate is 0.60% p.a. for 8 months tenure with maximum deposit of $19,999.
There is currently no fixed deposit promotional rate for DBS Fixed Deposits. The current highest fixed deposit rate is a DBS board rate
The current Money Lobang National Average Fixed Deposit Rates for March 2021 is 0.46% p.a.
Dbs Fixed Deposit Account
The average monthly highest fixed deposit rate for DBS since 2018 is 1.23% p.a.
Dbs Fixed Deposit Interest Rate
DBS has not had any fixed deposit promotional campaigns