Deposit Interest Rate in Singapore remained unchanged at 0.20 percent in August from 0.20 percent in July of 2019. Deposit Interest Rate in Singapore averaged 2.73 percent from 1977 until 2019, reaching an all time high of 12.80 percent in October of 1981 and a record low of 0.13 percent in January of 2012.

Deposit Interest Rate in Singapore is expected to be 0.36 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Singapore to stand at 0.46 in 12 months time. In the long-term, the Deposit Interest Rate in Singapore is projected to trend around 0.06 percent in 2020, according to our econometric models.

Deposit Interest Rate in Singapore
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Forecast Data Chart
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Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.72 1.74 20.00 -0.75 percent [+]
Interbank Rate 1.87 1.87 9.84 0.34 percent [+]
Money Supply M0 47567.50 47125.60 47567.50 1133.10 SGD Million [+]
Money Supply M1 193595.80 189775.40 193595.80 1202.00 SGD Million [+]
Money Supply M2 624278.20 620413.00 624278.20 6182.30 SGD Million [+]
Money Supply M3 638167.00 634276.90 638167.00 6878.30 SGD Million [+]
Foreign Exchange Reserves 376475.60 377825.20 404019.30 4174.40 SGD Million [+]
Banks Balance Sheet 1339286.30 1333908.70 1339286.30 1509.90 SGD Million [+]
Loans to Private Sector 684880.40 680704.30 687081.60 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 12.80 0.13 percent [+]
Central Bank Balance Sheet 385336.10 382614.70 416258.30 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 12.80 0.13 1977 - 2019 percent Monthly




Country Last Previous
Argentina 57.62 Oct/19
Turkey 15.00 Sep/19
South Africa 7.00 Jul/19
Russia 5.27 Aug/19
Brazil 5.14 Jul/19
Indonesia 4.50 Sep/19
Mexico 3.70 Jul/19
Saudi Arabia 3.40 Oct/19
Canada 1.83 Oct/19
South Korea 1.81 Jul/19
Australia 1.35 Sep/19
United Kingdom 0.50 Sep/19
China 0.35 Sep/19
Singapore 0.20 Aug/19
Japan -0.13 Oct/19
Switzerland -0.41 Aug/19
Euro Area -0.50 Sep/19


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