Dear readers, in this post, I would like to share on DBS USD Fixed Deposit interest rates for May 2023, as at 9 May 2023. I have indicated the date in this blog post for my sharing on fixed deposit interest rates as interest rates change all time especially in these days of different interest rates offers from different banks.
DBS USD Fixed Deposit interests for May 23 as at 9 May 2023 looks very attractive, with fixed deposit interest rates as high as 4.91% per annum. Without further ado, let me share with you readers more details now.
1-month tenure
First, the minimum tenure for the USD fixed deposit is 1 month.
For 1-month tenure, earn 4.75% per annum interest for capital up to but less than USD $250,000.
For capital of USD $250,000 or more and up to and equal USD $500,000, earn 4.85% per annum interest
2-month tenure
For 2-month tenure, earn 4.81% per annum interest for capital up to but less than USD $250,000.
For capital of USD $250,000 or more and up to and equal USD $500,000, earn 4.91% per annum interest
3-month tenure
This is where the USD fixed deposit interest starts to decline.
For 3-month tenure, earn 4.62% per annum interest for capital up to but less than USD $250,000.
For capital of USD $250,000 or more and up to and equal USD $500,000, earn 4.77% per annum interest
6-month tenure
After the 3-month tenure, the next tenure is a step up at 6-month tenure and USD fixed interest rate declines again.
For 6-month tenure, earn 4.31% per annum interest for capital up to but less than USD $250,000.
For capital of USD $250,000 or more and up to and equal USD $500,000, earn 4.61% per annum interest
12-month tenure
Similarly, a step-up tenure after the 6-month tenure at 12-month tenure.
For 12-month tenure, earn 3.99% per annum interest for capital up to but less than USD $100,000.
For capital of USD $250,000 or more and up to and equal USD $500,000, earn 4.29% per annum interest.
Based on the sharing of USD fixed deposit interest rates as above, it is simple to note that the 2-month tenure is the tenure to choose with the highest USD fixed deposit interest rate at either 4.81% per annum or 4.91% per annum depending on the capital deployed. Details of the USD fixed interest rates can be found on DBS webpage here.
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