FIXED DEPOSIT SINGAPORE WITH CALCULATOR

Fixed Deposit in Singapore is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.

It is known as a term deposit or time deposit in Canada, Australia, New Zealand, and The United States, and as a bond in the United Kingdom and India. For a fixed deposit is that the money cannot be withdrawn from the FD as compared to a recurring deposit or a demand deposit before maturity. Some banks may offer additional services to FD holders such as loans against FD certificates at competitive interest rates.

It's important to note that banks may offer lesser interest rates under uncertain economic conditions. The interest rate per annual varies between 0.1 and 2.5 percent depending on the amount. The tenure of an FD normally vary from 1 month to 2 years.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law.

Features

- Top 3 Banks with the Highest Interest Rate

- Top 4 Banks with the Best Interest Rate with Low Deposit Amount

- 3 Tips for Fixed Deposit (Must read before you deposit)

- Fixed Deposit Calculator

This app, Fixed Deposit Singapore with Calculator will be regularly updated to reflect the latest interest rate changes.