Deposit Interest Rate in Singapore remained unchanged at 0.20 percent in November from 0.20 percent in October of 2019. Deposit Interest Rate in Singapore averaged 2.71 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. source: IMF

Deposit Interest Rate in Singapore is expected to be 0.27 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 1.00 in 12 months time. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.07 percent in 2020, according to our econometric models.

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Deposit Interest Rate in Singapore

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 12.80 0.13 1977 - 2019 percent Monthly


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

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.63 1.64 20.00 -0.75 percent [+]
Money Supply M0 48380.10 47915.70 48380.10 1133.10 SGD Million [+]
Money Supply M1 198164.40 193295.50 198164.40 1202.00 SGD Million [+]
Interbank Rate 1.74 1.74 9.84 0.34 percent [+]
Money Supply M2 633044.80 627568.80 633044.80 6182.30 SGD Million [+]
Money Supply M3 647086.00 641508.70 647086.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 375800.00 377426.70 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1371088.20 1362973.90 1371088.20 1509.90 SGD Million [+]
Loans to Private Sector 692731.30 689415.30 692731.30 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 389057.50 390184.20 416258.30 271915.00 SGD Million [+]