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DBS/POSB Singapore Offers Up to 3.2% p.a. on Fixed Deposits from April 2024 UPDATED 29 Apr 2024

12 Apr 2024 SGNewsMan Credit Cards, Prepaid Cards, Banks

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DBS/POSB offers rates of up to 3.2% per annum

The scheme offers a tiered interest rate structure, rewarding deposits within the S$1,000 to S$19,999 bracket with the interest rate of up to 3.2%. This initiative is aimed at encouraging individuals to save more by offering higher returns on smaller deposit amounts, thus making it accessible to a wider audience.

Interested customers can easily open a DBS/POSB Singapore Dollar (S$) Fixed Deposit Account online by following the step-by-step guide provided on the bank’s website. The process is designed to be user-friendly and can be completed in a few simple clicks.

For those looking to place their fixed deposits, the bank has also outlined a clear and straightforward procedure on their website. This ensures that customers can securely and efficiently allocate their funds to the fixed deposit scheme without any hassle.

The table below illustrates the attractive rates offered for various deposit periods and amounts:

Period$1,000 – $9,999$10,000 – $19,999$20,000 – $49,999$50,000 – $99,999$100,000 – $249,999$250,000 – $499,999$500,000 – $999,999
1 mth0.30000.30000.05000.05000.05000.05000.0500
2 mths0.50000.50000.05000.05000.05000.05000.0500
3 mths1.00001.00000.05000.05000.05000.05000.0500
4 mths1.85001.85000.05000.05000.05000.05000.0500
5 mths2.35002.35000.05000.05000.05000.05000.0500
6 mths2.90002.90000.05000.05000.05000.05000.0500
7 mths2.95002.95000.05000.05000.05000.05000.0500
8 mths3.00003.00000.05000.05000.05000.05000.0500
9 mths3.10003.10000.05000.05000.05000.05000.0500
10 mths3.15003.15000.05000.05000.05000.05000.0500
11 mths3.15003.15000.05000.05000.05000.05000.0500
12 mths3.20003.20000.05000.05000.05000.05000.0500
18 mths3.20003.20000.05000.05000.05000.05000.0500
24 mths3.20003.20000.05000.05000.05000.05000.0500
36 mths3.20003.20000.05000.05000.05000.05000.0500
48 mths3.20003.20000.05000.05000.05000.05000.0500
60 mths3.20003.20000.05000.05000.05000.05000.0500

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