With SORA continuing its downw-To The Moon - Tiger Brokers Online Investing Community - To The Moon

With SORA continuing its downward trend, fixed deposit rates across Singapore have softened—but there are still a few attractive picks if you’re seeking steady returns.

DBS offers one of the most competitive rates right now at 2.45% p.a. for 12 months, with a minimum deposit of just $1,000. For shorter terms, Bank of China offers 2.20% p.a. for 6 months with as little as $500 needed via mobile placement. If you’re depositing larger sums, HL Bank and State Bank of India offer 2.35% p.a. for 6 months, though they require $100,000 and $50,000 respectively.

On the flexible side, MariBank’s savings account provides 2.28% p.a. without any lock-in period, minimum balance, or hoops—great for liquidity. Meanwhile, StashAway Simple Guaranteed and Syfe Cash+ Guaranteed both offer 2.15% p.a. for 3-month tenures with no minimum deposit, backed by MAS-regulated fixed deposits.

For those comfortable exploring “invest-style” cash management platforms, you’ll find returns ranging from 2.00% to 2.20%, but do watch out for early redemption penalties or varying levels of capital protection.

SORA Keeps Falling: Which Bank to Choose for Fixed Deposit?

Safe-haven capital continues to flow into Singapore’s financial markets, pushing major interest rate indicators down more than expected. The 3-month Singapore Overnight Rate Average (SORA), which reflects borrowing costs, has been steadily declining, recently hovering around 2.10%. What's your choice for fixed deposits? What percentage of your asset portfolio is allocated to fixed deposits? What would be considered a balanced proportion? Have you ever planned how to allocate your assets across different types such as fixed deposits, stocks, mutual funds, REITs, and real estate?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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