Are you looking for the best fixed deposit rates in February 2025 that can beat the latest issue of Singapore Savings Bond and SGS T Bills? The latest issue of SSB (SBMAR25 GX25030N) is 2.97% if you held it for 10 years and 2.83% per annum if you hold it for only one year. The latest closed issue of SGS T Bill (BS25102Z) offered a cut off yield of 3.04% per annum. To find out if the best fixed deposit rates in February 2025, I polled the fixed deposit rates offered by the usual banks in Singapore to share them with you further below.
Before you scroll down further, do you know what are fixed deposits? Fixed deposits are sometimes also termed as time deposits. Fixed deposits or time deposits are a type of investment offered by banks and financial institutions where an individual deposits a sum of money for a fixed period of time at a pre-determined interest rate....