As of today, the best Fixed Deposit in Singapore pays
4.08%.
Whereas the latest 6 month T-Bills closed at
3.93% yield.
Which means that if you want the highest short term yield on your cash – fixed deposit is probably your best bet.
Whereas T-Bills is better if you’re buying
using CPF-OA.
It’s been quite a while since our last Fixed Deposit article, so I wanted to do a quick refresh to share the best places to park short term cash right now.
Best Fixed Deposit rates in Singapore (February 2023)
Here’s the latest table of the highest fixed deposit interest rates in Singapore:
| Bank |
Interest rate p.a. |
Tenure |
Minimum amount |
| OCBC |
4.08% |
8 months |
S$20,000 |
| HL Bank |
4.00% |
12 months |
S$100,000 |
|
|
|
|
...
