Fixed deposits have long been a preferred investment choice for many Singaporeans. A safe and secure way to grow their savings in Singapore. Thus, it is crucial to identify the best fixed deposit rates in Singapore. To maximize your returns while preserving capital with that extra stack of cash laying around. Today, we will explore the top fixed deposit options available in Singapore. We hope to help you make informed decisions about where to park your funds for the best returns. TL;DR What is a Fixed Deposit Account? By definition: banks offer a product known as a fixed deposit, also referred to as a time deposit. When a depositor places money in a fixed deposit account, the bank fixes the amount of interest or profit paid on the investment. Typically, the fixed deposit’s interest rate is set based on prevailing low-risk market standards, such as the London Inter-bank Offered Rate (LIBOR). In Singapore, we utilise the Singapore Interbank Offered Rate (SIBOR)....