Deposit interest rates in Singapore 2007-2021

Published by Lucas Romero, Feb 5, 2025
In 2021, the deposit interest rate in Singapore decreased by 0.1 percentage points (-55.56 percent) compared to 2020. Therefore, 2021 marks the lowest deposit interest rate during the observed period.
A deposit interest rate is the percentage of profit someone earns on their money in an interest-bearing account with a financial institution. Essentially, it is the money that banks, and credit unions pay someone for keeping their money in their institutions.

Find more statistics on other topics about Singapore with key insights such as domestic credit to the private sector as a share of GDP, broad money as a percentage of GDP, and real interest rate.

Deposit interest rates in Singapore from 2007 to 2021

CharacteristicDeposit interest rates
2021 0.12%
2020 0.18%
2019 0.2%
2018 0.16%
2017 0.14%
2016 0.19%
2015 0.17%
2014 0.14%
2013 0.14%
2012 0.14%
2011 0.17%
2010 0.21%
2009 0.29%
Showing entries 1 to 13 (15 entries in total)
Created with Highcharts 7.2.2Deposit interest rates0.53%0.53%0.42%0.42%0.29%0.29%0.21%0.21%0.17%0.17%0.14%0.14%0.14%0.14%0.14%0.14%0.17%0.17%0.19%0.19%0.14%0.14%0.16%0.16%0.2%0.2%0.18%0.18%0.12%0.12%200720082009201020112012201320142015201620172018201920202021
0%0.1%0.2%0.3%0.4%0.5%0.6%

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Release date

February 2025

Region

Asia, Singapore

Survey time period

2007 to 2021

Supplementary notes

Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.

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