Singapore: Deposit interest rate
* indicates monthly or quarterly data series
The most recent value is 2.35 percent as of June 2024, an increase compared to the previous value of 2.12 percent. Historically, the average for Singapore from January 2000 to June 2024 is 0.79 percent. The minimum of 0.29 percent was recorded in January 2012, while the maximum of 2.46 percent was reached in January 2000.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Monetary Authority of Singapore
| Recent values | Singapore: Bank deposit interest rate, percent |
|---|---|
| 2024 Jun | 2.35 |
| 2024 Mar | 2.12 |
| 2023 Dec | 2.34 |
| 2023 Sep | 2.3 |
| 2023 Jun | 2.15 |
| 2023 Mar | 1.96 |
| 2022 Dec | 1.74 |
| 2022 Sep | 1.1 |
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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 | Reference | Measure |
|---|---|---|---|
| Inflation | 4.8 | 2023 | 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 | 641.78 | 9/2023 | billion |
| Business credit | 331.40 | 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 |