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Guide to the best fixed deposit rates in Singapore and performance update. Update on Endowus cash management solutions (July 2024)
By Endowus Insights • July 23, 2024
Overview of best fixed deposit rates in Singapore (July 2024)
| Commitment | Best fixed deposit rates | Minimum deposit requirement |
| The best 12-month fixed deposit rate | 3.30% p.a. | SGD 20,000, at branch |
| The best 6-month fixed deposit rate | Preferred banking: 3.40% p.a.
Personal banking: 3.35% p.a. | SGD 10,000 |
| The best 3-month fixed deposit rate | Mobile banking: 3.50% p.a.
Over the counter: 3.40% p.a. | SGD 500 via Mobile banking
SGD 10,000, Over the counter at branch |
Source: Bank websites, rates accurate as of 8 July 2024. Bank deposits capital guaranteed by SDIC.
Overview of yields earned on money market funds available on Endowus
| Commitment | Best cash yields* | Minimum deposit requirement |
| No lock-ins | 3.74% p.a. (LionGlobal SGD Enhanced Liquidity Fund) | No minimum, no maximums |
| No
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