Deposit Interest Rate in Singapore decreased to 0.14 percent in 2017 from 0.19 percent in 2016. Deposit Interest Rate in Singapore averaged 2.66 percent from 1980 until 2017, reaching an all time high of 10.71 percent in 1981 and a record low of 0.14 percent in 2012.

Deposit Interest Rate in Singapore is expected to be 0.44 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.44 percent in 2020, according to our econometric models.

Deposit Interest Rate in Singapore
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Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.97 1.45 20.00 -0.75 percent [+]
Money Supply M0 44635.10 44530.60 44635.10 1133.10 SGD Million [+]
Money Supply M1 185891.80 184257.60 190601.90 1202.00 SGD Million [+]
Interbank Rate 1.77 1.77 9.84 0.34 percent [+]
Money Supply M2 599010.50 597704.50 599010.50 6182.30 SGD Million [+]
Money Supply M3 611560.40 610309.10 611560.40 6878.30 SGD Million [+]
Foreign Exchange Reserves 397209.60 401964.50 401964.50 4174.40 SGD Million [+]
Banks Balance Sheet 1268857.90 1247934.80 1285722.60 1509.90 SGD Million [+]
Loans to Private Sector 671741.30 669514.00 673253.80 16439.80 SGD Million [+]
Deposit Interest Rate 0.14 0.19 10.71 0.14 percent [+]
Central Bank Balance Sheet 413858.90 410027.30 413858.90 271915.00 SGD Million [+]


Deposit Interest Rate in Singapore

The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Singapore. Deposit Interest Rate in Singapore - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.14 0.19 10.71 0.14 1980 - 2017 percent Yearly




Country Last Previous
Turkey 22.50 Dec/18
Argentina 21.55 Dec/17
Brazil 8.51 Dec/17
South Africa 7.25 Dec/17
Indonesia 5.25 Nov/18
Russia 5.21 Sep/18
Saudi Arabia 3.13 Dec/18
Mexico 2.70 Dec/17
Australia 1.90 Nov/18
South Korea 1.67 Dec/17
United Kingdom 0.50 Sep/18
China 0.35 Nov/18
Japan 0.32 Dec/17
Singapore 0.14 Dec/17
Canada 0.10 Dec/17
Switzerland -0.32 Oct/18
Euro Area -0.40 Dec/18


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