Deposit Interest Rate in Singapore decreased to 0.24 percent in March from 0.25 percent in February of 2020.

Deposit Interest Rate in Singapore averaged 2.69 percent from 1977 until 2020, 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. This page includes a chart with historical data for Deposit Interest Rate in Singapore. Deposit Interest Rate in Singapore - values, historical data and charts - was last updated on June of 2020. source: IMF

Deposit Interest Rate in Singapore is expected to be 0.19 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 0.39 in 12 months time. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.39 percent in 2021, according to our econometric models.

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Deposit Interest Rate in Singapore

Actual Previous Highest Lowest Dates Unit Frequency
0.24 0.25 12.80 0.13 1977 - 2020 percent Monthly

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 0.09 0.27 20.00 -0.75 percent [+]
Money Supply M0 50852.90 50628.80 50852.90 1133.10 SGD Million [+]
Money Supply M1 224327.30 213048.20 224327.30 1202.00 SGD Million [+]
Interbank Rate 0.56 0.56 9.84 0.34 percent [+]
Money Supply M2 683825.70 659002.80 683825.70 6182.30 SGD Million [+]
Money Supply M3 697912.00 673254.40 697912.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 424828.10 397478.50 424828.10 4174.40 SGD Million [+]
Banks Balance Sheet 1518081.20 1484990.80 1518081.20 1509.90 SGD Million [+]
Loans to Private Sector 689651.70 692397.00 692846.00 16439.80 SGD Million [+]
Deposit Interest Rate 0.24 0.25 12.80 0.13 percent [+]
Central Bank Balance Sheet 410319.00 407601.70 416258.30 271915.00 SGD Million [+]


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