Singapore: Deposit interest rate

* indicates monthly or quarterly data series
 Singapore

Bank deposit interest rate, percent

 Latest value 2.34
 Reference December 2023
 Measure percent
 Data availability January 2000 - December 2023
 Average 0.78
 Min - Max 0.29 - 2.46
 Source Monetary Authority of Singapore
For that indicator, we provide data for Singapore from January 2000 to December 2023. The average value for Singapore during that period was 0.78 percent with a minimum of 0.29 percent in January 2012 and a maximum of 2.46 percent in January 2000. Click on the following link to see the values of Bank deposit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Deposit interest rate - recent values

Historical chart
Singapore - Deposit interest rate - historical chart - 2000-2023
Measure: percent
Source: Monetary Authority of Singapore


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Definition: The deposit interest rate is the average interest rate on one year term deposits offered by the commercial banks to the household sector.

 Related indicators Latest value Reference Measure
 Inflation 6.1 2022 percent
 Exchange rate regimes 6 2021 index points
 USD exchange rate 1.3637 9/2023 Local Currency Units per USD
 Money supply (broad money) 782.26 9/2023 billion
 Consumer Price Index (CPI) 114.9000 9/2023 index points
 Inflation, monthly 0.52 9/2023 percent
 Inflation, annual 4.17 9/2023 percent
 Private sector credit 641.83 9/2023 billion
 Business credit 331.46 9/2023 billion
 Household credit 310.37 9/2023 billion
 Mortgage credit 223.72 9/2023 billion
 Consumer credit 86.65 9/2023 billion
 Deposit interest rate 2.30 9/2023 percent
 Household debt to GDP 46.40 9/2023 percent
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