Source: Monetary Authority of Singapore's Monthly Statistical Bulletin May 2008 Volume 29 Number 5 (PDF format)
Above: Latest Top Ten Inerest Rates Data FOr Banks and Finance Companies in Singapore
These tables show the latest interest rates data of banks and finance companies in Singapore for several years from 2003 to April 2008. These interest rates figures are for savings deposits (savings accounts) and fixed deposits. They are quoted from the top ten leading banks and finance companies in Singapore during the respective periods.
The latest average savings deposit interest rate was 0.24% p.a. in April 2008. What this means is that if you had chosen a savings account deposit rate that paid above 0.24% p.a., then you would have earned more interest than the average Singaporean in April 2008.
Even the highest average 12 month bank deposit was 0.71% p.a. and the highest average 12 month finance company deposit was 0.89% p.a.! Some financial institutions we have quoted in Singapore Savings Account Rates can pay up to 1.08% p.a. to even 2% p.a. at current rates without tying your cash into a fixed period.
The trend of low savings deposits interest rate is evident ever since 2003 when such records were kept. Nevertheless, we at Singapore Savings Account Rates strongly believe that with our research for the best savings account interest rates in Singapore, we can help you to make your money earn even more money, at above the national average interest rates for you.
Keep your eyes and ears close to Singapore Savings Account Rates, our blog to bring you the best and the latest in interest rates for savings deposit.
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