Dear readers, over the past few posts, I have been sharing the recent Singapore fixed deposits interest rates. But currently, most of these fixed deposits have been rather similar. This led to me questioning whether the HL bank fixed deposit interests for Apr 23 is the King of Singapore Fixed Deposits?
To recap, these are among some of the most common recent fixed deposit promotions from Singapore banks:
DBS fixed deposit: 3.2% (at least 12 months of holding) for up to $19,999 deposit
OCBC fixed deposit: 3.50% (6-month) holding for minimum $20,000 deposit
UOB fixed deposit: 3.55% (6-month or 10-month) holding for minimum $10,000 deposit
Hong Leong fixed deposit: 3.60% (10-month) holding for minimum $50,000 deposit (up to <$500,000 deposit)
HL bank is offering the following fixed deposit interest rates which are higher than the above:
For 3-month holding: 3.80% p.a ($100,000 to $499,999 deposit) and 3.85% (for at least $500,000 deposit)
For 6-month holding: 3.90% p.a ($100,000 to $499,999 deposit) and 3.95% (for at least $500,000 deposit)
To enjoy the above higher fixed deposit interest rates, one must note that the minimum deposit is $100,000. For more details, visit HL Bank Fixed Deposit interest rates webpage.
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