To check the latest rates and news, please access the official webpage HSBC fixed deposit rates. #Note: HSBC fixed deposit promotion rates are till 30 November 2023. SGD fixed deposit rate might be different from USD FD - foreign currency FD Comparison - Fixed deposit rates in different terms While you can withdraw your money from fixed deposits, if you withdraw before the tenure is up, you may incur early withdraw penalties and/ or even earn less interest or no interest at all. One key difference between fixed deposit rates and other types of interest rates is that they are typically higher than savings account rates due to the longer-term commitment involved. Also, some of them may have minimum deposit amount. The rate is usually fixed for a specific period of time and is guaranteed, meaning the depositor will receive the agreed-upon rate regardless of any changes in market conditions. Indicates 5 Banks' fixed deposit rates (as of 1 November 2023) in Singapore with SGD currency, including DBS, HSBC, ICBC, UOB, CIMB and their promotion interest rates, highlighting their deposit rate in period of 1-month, 3-month, 6-month, 9-month, 12-month.Ī fixed deposit rate (also known as time deposit rate) is an interest rate that a bank or financial institution pays to a depositor of a fixed deposit account holder.
