Deposit Interest Rate in Singapore remained unchanged at 0.13 percent in December from 0.13 percent in November of 2020. source: IMF

Deposit Interest Rate in Singapore averaged 2.65 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 February of 2021.

Deposit Interest Rate in Singapore is expected to be 0.16 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 0.26 in 12 months time. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.26 percent in 2022 and 0.76 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Singapore

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

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 0.18 0.31 20.00 -0.75 percent [+]
Money Supply M0 53880.80 53493.70 53880.80 1133.10 SGD Million [+]
Money Supply M1 259878.20 261148.80 261148.80 1202.00 SGD Million [+]
Interbank Rate 0.41 0.41 9.84 0.34 percent [+]
Money Supply M2 715980.80 712724.80 715980.80 6182.30 SGD Million [+]
Money Supply M3 729278.80 725900.10 729278.80 6878.30 SGD Million [+]
Foreign Exchange Reserves 491132.00 478840.10 491132.00 4174.40 SGD Million [+]
Banks Balance Sheet 1528444.90 1511223.60 1528444.90 1509.90 SGD Million [+]
Loans to Private Sector 678723.90 676668.70 692846.00 16439.80 SGD Million [+]
Deposit Interest Rate 0.13 0.13 12.80 0.13 percent [+]
Central Bank Balance Sheet 458569.70 453688.90 458569.70 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.