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Guide to the best fixed deposit rates in Singapore and cash management solutions (Feb 2025)
By Endowus Insights  •  February 12, 2025

Best options to grow your short-term cash savings in Singapore

The US Federal Reserve has lowered the fed funds rate from its recent high with three rate cuts in this cycle already. It is anticipated that further rate cuts will follow, with the Fed chair Jerome Powell signalling it to be at a slower pace.  If you are seeking to earn yields on your idle cash while interest rates remain above 4%, continue reading to discover the distinctions between money market funds, bank fixed deposits, and Singapore T-bills. Find out which option is most suitable for you.

Overview of best fixed deposit rates in Singapore (Feb 2025)

Commitment Best fixed deposit rates Minimum deposit requirement
The best 12-month fixed deposit rate 2.70% p.a. SGD 20,000, Over the counter at branch
The best 6-month fixed deposit rate 2.90%
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By Endowus Insights
Headquartered in Singapore, Endowus is the first and only digital advisor for CPF, SRS, and cash savings, helping everyone invest holistically, conveniently, and with expert advice at the lowest cost possible.
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