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Fixed deposit bank accounts are a type of investment carrying very low risks. Opening a fixed deposit bank account would require you to place a sum of money into the bank account, for a predetermined tenure. This allows you to earn interest payments on your deposited principal, typically at an interest rate higher than that of a normal savings account. 

There are many fixed deposit bank accounts available in Singapore, each with their own features to consider – interest rate, agreed tenure, minimum deposit required. The interest rates offered also depend on many factors, including promotions at that time. It may be hard to perform constant comparison of the best fixed deposits on your own, so below are some of our recommendations.  

The CIMB SGD Fixed Deposit offers one of the best interest rates for entrants to the fixed deposits scene. For those who are looking out for a fixed deposit that has a low minimum required deposit amount, as well as one that offers a shorter tenure, this fixed deposit bank account would do the trick.  With a low and easily accessible minimum deposit size of S$1,000, you could earn an interest rate of 0.20% just by placing a deposit in the bank account for an interest rate of 0.20%. The longer you place your

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