 We are now on Telegram. Click to join |
Financial Institutions Respond to Market Shifts
Effective 1 July 2025, SingFinance (Sing Investments & Finance Limited) has made a downward revision to its Singapore Dollar Fixed Deposit (FD) interest rates, with new rates peaking at 1.75% p.a.. This latest revision replaces the previous rate structure introduced on 24 June 2025, where rates reached up to 1.85% p.a.
The adjustment reflects prevailing interest rate trends in Singapore’s financial landscape, as institutions respond to shifts in central bank policies and broader economic indicators. Despite the cut, SingFinance continues to offer competitive options for savers seeking capital preservation with guaranteed returns.
Rates for Online Fixed Deposit Placements
For customers who prefer the convenience of online banking, SingFinance now offers updated tiered interest rates, based on the deposit amount:
| Tenor | Minimum Deposit Amount | |
|---|---|---|
| $1,000 | $10,000 | |
| 3 months | 1.70% p.a. | 1.75% p.a. |
| 6 months | 1.70% p.a. | 1.75% p.a. |
| 12 months | 1.60% p.a. | 1.65% p.a. |
These revised figures apply only to fresh funds. The tiered approach encourages broader participation, catering to both modest and larger savers looking to grow their funds digitally.
Rates for In-Branch Deposits
For those who favour in-person banking, SingFinance continues to provide consistent counter rates for minimum deposits of $10,000 across selected tenors:
| Tenor | Minimum Deposit Amount |
|---|---|
| $10,000 | |
| 3 months | 1.70% p.a. |
| 6 months | 1.70% p.a. |
| 12 months | 1.60% p.a. |
Branch-based options remain appealing to customers who prefer direct engagement with bank staff and tailored advice at any SingFinance outlet.
Key Terms and Additional Resources
Customers should note that all FD interest rates are subject to changes without prior notice and apply exclusively to personal accounts funded with fresh funds. Standard terms and conditions apply.
Those interested in visiting a branch may refer to the branch locator tool. For the full suite of deposit offerings and promotional details, see the FD rates page. Compare these rates against other competitive options in the market here.
Leave a Reply