Deposit Interest Rate in Singapore remained unchanged at 0.20 percent in June from 0.20 percent in May of 2019. Deposit Interest Rate in Singapore averaged 2.74 percent from 1977 until 2019, reaching an all time high of 12.80 percent in October of 1981 and a record low of 0.13 percent in January of 2012.
Deposit Interest Rate in Singapore is expected to be 0.83 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Singapore to stand at 0.53 in 12 months time. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.13 percent in 2020, according to our econometric models.