Fixed Deposit Ratings
-- a comparison of fixed deposits
"When consumers compare, banks compete"
|
|
Fixed Deposit Ratings -- a comparison of fixed deposits
"When consumers compare, banks compete" |
|
Best Fixed Deposits among 10 banks
|
Rating |
Name of Bank |
Interest rate |
Lock-in period |
Min balance |
Telephone Number |
|
A |
CIMB |
0.80 |
12 mo. |
$10,000 |
6333-7777 |
|
B+ |
Maybank |
0.80 |
12 mo. |
$1,000 |
1800-629-2265 |
|
B |
UOB |
0.80 |
7 mo. |
$40,000 |
1800-388-2121 |
|
B |
OCBC |
0.90 |
15 mo. |
$30,000 |
1800-438-3333 |
|
B |
Standard Chartered |
0.70 |
12 mo. |
$5,000 |
1800-747-7000 |
|
B- |
Hong Leong Finance |
0.55 |
12 mo. |
$500 |
1800-338-8338 |
|
C+ |
RBS |
0.55 |
12 mo. |
$50,000 |
1800-226-2676 |
|
C+ |
Citibank |
0.50 |
12 mo. |
$10,000 |
6225-5225 |
|
C+ |
HSBC |
0.48 |
12 mo. |
$5,000 |
1800-472-2669 |
|
C+ |
DBS |
0.45 |
12 mo. |
$1,000 |
1800-111-1111 |
Note: (i) Most banks offer promotions requiring fresh funds. A problem is when the offer ends, the bank rolls over the fixed deposit at a lower rate, usually the board rate. CIMB and Maybank are exceptions in that they roll over at their best rates, shown in the table. (ii) The RBS fixed deposit is for its privilege customers with $200,000 in funds with the bank. (iii) Note to banks: We survey banks for new rates weekly. For faster updates, please inform us as soon as your deposit rates change.