POSB Bank 2 Year Fixed Term Deposit. The rate of 1.40% is 0.42% higher than the average 0.98%. Also it is the highest rate for this term period 1.40 Updated Aug, 2019. The rate of 1.40% is 0.42% higher than the average 0.98%. Also it is the highest rate for this term period 1.40 Updated Aug, 2019. Fixed Deposit Important notice: In line with prevailing industry practice, effective 1 January 2021, a service fee will apply for each post-dated DBS/POSB SGD returned cheque. Click here to find out more. Skip the hassle and bank easy everywhere with Digital Token. Multiplying is easier for everyone now. With no minimum amount required, DBS Multiplier leaves no bunny behind. Family bonding through baking. Enjoy a DIY Baking Kit when you open My Account. S$ Fixed Deposit is a time deposit account that lets you save your cash with minimum amount and earn high interest rate. Get S$ Fixed Deposit Account with POSB Bank and enjoy convenient banking.
Updated OCT 2020
POSB Fixed Deposit Interest Rate
| Tenure(Months) | Board Rate (%) S$1,000 to S$9,999 | Board Rate (%) S$10,000 to S$19,999 | Board Rate (%) S$20,000 to S$49,999 | Board Rate (%) S$50,000 to S$99,999 | Board Rate (%) S$100,000 to S$249,999 | Board Rate (%) S$250,000 to S$499,999 | Board Rate (%) S$500,000 to S$999,999 |
| 1 mth | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 2 mths | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 3 mths | 0.15 | 0.15 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 4 mths | 0.15 | 0.15 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 5 mths | 0.15 | 0.15 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 6 mths | 0.20 | 0.20 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 7 mths | 0.40 | 0.40 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 8 mths | 0.60 | 0.60 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 9 mths | 0.95 | 0.95 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 10 mths | 1.10 | 1.10 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 11 mths | 1.10 | 1.10 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 12 mths | 1.15 | 1.15 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 18 mths | 1.30 | 1.30 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 24 mths | 0.90 | 0.90 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 36 mths | 0.85 | 0.85 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 48 mths | 0.75 | 0.75 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| 60 mths | 0.75 | 0.75 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
Posb Minimum Deposit
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DBS/POSB Singapore Dollar (S$) Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest, while keeping your funds secure.
Update Sep 6: No longer available
Benefits
- Affordability and Convenience: fixed deposit amount begin at S$1,000 with a deposit tenor of your choice, and you can begin a new placement via iBanking or at any of DBS/POSB branches
- Added value: you may use your S$ Fixed Deposit as collateral for credit facilities (subject to credit approval) and may make a placement using cash.
Eligibility and Requirements
- You are eligible for this account if you are at least 12 years old. For customers younger than 12 years, a trust minor account may be opened with a parent or legal guardian who is at least 21 years old.
Note: The maximum 1.30% p.a. only applies to 18 month deposits of up to a maximum of $49,999. Interest rates for tenors of 12 months and above are applicable only to rollover of existing placements at the same tenor.
Rates as of 3 July 2020
| Period | $1,000 – $9,999 | $10,000 – $19,999 | $20,000 – $49,999 | $50,000 – $99,999 | $100,000 – $249,999 | $250,000 – $499,999 | $500,000 – $999,999 |
|---|---|---|---|---|---|---|---|
| 1 mth | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 |
| 2 mths | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 |
| 3 mths | 0.1500 | 0.1500 | 0.1500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 |
| 4 mths | 0.1500 | 0.1500 | 0.1500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 |
| 5 mths | 0.1500 | 0.1500 | 0.1500 | 0.0500 | 0.0500 | 0.0500 | 0.0500 |
| 6 mths | 0.2000 | 0.2000 | 0.2000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 7 mths | 0.4000 | 0.4000 | 0.4000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 8 mths | 0.6000 | 0.6000 | 0.6000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 9 mths | 0.9500 | 0.9500 | 0.9500 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 10 mths | 1.1000 | 1.1000 | 1.1000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 11 mths | 1.1000 | 1.1000 | 1.1000 | 0.1000 | 0.1000 | 0.1000 | 0.1000 |
| 12 mths | 1.1500 | 1.1500 | 1.1500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| 18 mths | 1.3000 | 1.3000 | 1.3000 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| 24 mths | 0.9000 | 0.9000 | 0.9000 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| 36 mths | 0.8500 | 0.8500 | 0.8500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| 48 mths | 0.7500 | 0.7500 | 0.7500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
| 60 mths | 0.7500 | 0.7500 | 0.7500 | 0.1500 | 0.1500 | 0.1500 | 0.1500 |
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