Deposit Interest Rate in Singapore (2024)

Deposit Interest Rate in Singapore remained unchanged at 0.12 percent in June from 0.12 percent in May of 2021. Deposit Interest Rate in Singapore averaged 2.62 percent from 1977 until 2021, reaching an all time high of 12.80 percent in October of 1981 and a record low of 0.12 percent in February of 2021. source: IMF

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Related Last Previous Unit Reference
Banks Balance Sheet 3494522.60 3457530.60 SGD Million Jul 2024
Central Bank Balance Sheet 793606.60 790689.10 SGD Million Aug 2024
Foreign Exchange Reserves 501279.30 506433.80 SGD Million Aug 2024
Interbank Rate 3.70 3.70 percent Sep 2024
Monetary Policy Statement 3.57 3.61 percent Aug 2024
Bank Lending 801183.20 803569.70 SGD Million Jul 2024
Money Supply M0 62247.20 62107.10 SGD Million Jul 2024
Money Supply M1 269028.10 270114.70 SGD Million Jul 2024
Money Supply M2 793936.90 795234.50 SGD Million Jul 2024
Money Supply M3 808738.90 810186.40 SGD Million Jul 2024

Deposit Interest Rate in Singapore

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.

Actual Previous Highest Lowest Dates Unit Frequency
0.12 0.12 12.80 0.12 1977 - 2021 percent Monthly

Compare Deposit Interest Rate by Country


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Deposit Interest Rate in Singapore (2024)
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