HSBC Fixed Deposit Interest Rates in Singapore - Value for Your Money

Before jumping onto rates of interests on various kinds of deposits, I think it is important to have a basic know how of what exactly time deposits are. If you already know, just brush up on that knowledge with me. A time deposit is a money deposit with a bank which cannot be withdrawn at the whims and fancies of the investor. There is a strict time limit that needs to be followed before withdrawal. Usually, more the time involved, more are the returns. Now, certificates of deposits and fixed deposits are the two kinds of time deposits or according to some "term deposits".

The current interest rate being offered by HSBC Singapore is the best as far as time deposits in the market are concerned. They are offering the highest rates in the market. The HSBC Singapore has many branches where you could just walk in to invest your money. Some of them are:

HSBC Claymore Branch, claymore hill, Singapore,
HSBC Marine Parade Branch, Marine Parade, Singapore.
HSBC Jurong Branch, Jurong East Street, Singapore.

The rest of the branches of the bank can be located from their website.

Higher rates of interest are a boon for investors. They would be able to get higher rates of interest at the same amount of investment. The interest rates are changed periodically and you can keep a track of such changes from the website of HSBC Singapore. Investing in Singapore Dollar Deposits will get you smart incomes of extraordinary returns.

So if you are opting for fixed deposits this is the best option for you. HSBC is a reputed bank and you need to just visit them to get a loan. They have various loan packages and you can select the best one for you. So wait for a while before you opt for any other bank as you can get the best interest rates loan from HSBC Singapore.

Next Step: More details on attractive bank rates are available for your reference.
Click here ---->> Fixed Deposit Rates.
Click here --------------->> Bank Rates in Singapore.
Balajee Kannan

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High Fixed Deposit Banks in Singapore - Rates

Singapore has many banks. They provide different types of services and products. Fixed deposit is one of them. The basic idea can be understood from the name itself. The customers should invest their money for particular time period. Bank authorities use this time period and manipulate the money. They re-invest the money in other ways and earn more money. The most important thing is time here.

Since the customers deposit their amount for a fixed period, it is called Fixed Deposits. The minimum investment required to start a deposit account is S$1000. Customers get high rate of interest. It is similar to the Certificate of Deposits. List of banks in Singapore is mentioned below here.

List of Banks:

DBS - Great World City Branch, Great World City, Singapore.
UOB - Admiralty Branch, 70 Woodlands Avenue, Admiralty MRT Station, Singapore.
Maybank - Marine Parade Central, Singapore.
HSBC - Tanglin, 6 Claymore Hill, #01-01 Claymore Plaza, Singapore.
Citibank -Cuscaden Road Branch, HPL House 50 Cuscaden Road #02-02, Singapore.

The deposit rate depends upon various factors. The key factors are amount and time duration. Rates of different banks are listed below here.

List of Fixed Deposit Rates:

In Citibank, the interest is 0.35% for amount up to S$50,000.
In DBS and UOB, the interest is 0.45% for amount up to S$50,000.
In HSBC, the rate is 0.48% for amount up to S$50,000.
In Maybank, the rate of interest is 0.75% for amount up to S$50,000.

Click here---> To start up a Singapore Fixed Deposits. Get to know about the latest Singapore Deposit Rates

Divya Kannan

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