In 2020, the interest rate on bank savings deposits in Singapore was 0.09 percent. This rate gradually increased, reaching 0.16 percent in 2017, before declining to the lowest level observed over the last year of the measured period.
Savings deposit interest rates of banks in Singapore from 2011 to 2020
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$59 USD $39 USD / Month *
in the first 12 months
Professional Account
Full access
Corporate solution including all features.
* Prices do not include sales tax.
Statistics on Banking industry in Singapore
Overview
5
- Premium Statistic GDP of the finance and insurance industry in Singapore 2012-2021
- Basic Statistic Total reserves in Singapore 2010-2021
- Basic Statistic Number of financial institutions in Singapore 2022, by type
- Premium Statistic Number of banks Singapore 2013-2022, by type
- Premium Statistic Number of foreign banks Singapore 2013-2022, by type
Key indicators
7
- Premium Statistic Total assets and liabilities of commercial banks in Singapore 2011-2020
- Premium Statistic Assets of commercial banks in Singapore 2022, by type
- Premium Statistic Liabilities of commercial banks in Singapore 2022, by type
- Premium Statistic Assets and liabilities of DBUs and ACUs local commercial banks Singapore 2011-2020
- Premium Statistic Assets and liabilities of DBUs and ACUs foreign commercial banks Singapore 2011-2020
- Premium Statistic Volume of credit and debit card payments Singapore 2018-2021
- Premium Statistic Value of credit and debit card payments Singapore 2018-2021
Loans and advances
6
- Premium Statistic Total loans and advances of commercial banks to residents Singapore 2021-2022
- Premium Statistic Total commercial banks consumer loans to residents Singapore 2021-2022
- Premium Statistic Total consumer loans to residents Singapore 2022, by type
- Premium Statistic Total loans and advances to businesses Singapore 2022
- Premium Statistic Value of loans and advances to businesses Singapore 2022, by sector
- Premium Statistic Commercial banks non-performing loan (NPL) ratio Singapore Q2 2022, by sector
Interest rates
4
Major local banks
7
- Premium Statistic Value of bank assets in Singapore 2002-2021
- Premium Statistic Total assets of DBS Group Holdings 2015-2021
- Premium Statistic Net profit of DBS Group Holdings 2015-2021
- Premium Statistic Total assets of OCBC Group FY 2015-2021
- Premium Statistic Net profit of OCBC Group 2017-2021
- Premium Statistic Total assets of UOB Group 2015-2021
- Premium Statistic Net profit after tax value of UOB Group 2015-2021
Digital banking
5
- Premium Statistic Online banking penetration forecast in Singapore 2013-2028
- Premium Statistic Volume of PayNow transactions Singapore 2018-H1 2021
- Premium Statistic Value of PayNow transactions Singapore 2018-H1 2021
- Premium Statistic Volume of FAST transactions Singapore 2015-2021
- Premium Statistic Value of FAST transactions Singapore 2015-2021
Consumer behavior
5
- Premium Statistic Banks customer satisfaction Singapore Q4 2021
- Premium Statistic Banks customer satisfaction in Singapore Q4 2021, by channel
- Premium Statistic Consumer preferences for digital versus traditional banks Singapore 2021
- Premium Statistic Awareness and interest in digital banking services Singapore 2021
- Premium Statistic Willingness to try digital banks Singapore 2021, by age group
Further related statistics
21
- Expected impact of rising interest rates on banks' profitability Europe 2022
- Interest rates on time deposits between 3 and 10 million yen Japan 2021, by maturity
- Interest rates on time deposits of less than 3 million yen in Japan 2021, by maturity
- Interest rates on time deposits of 10 million yen or more in Japan 2021, by maturity
- Average contract interest rates on outstanding bank loans in Japan 2010-2021, by bank
- Monthly central bank key interest rates by country APAC 2022, by country
- Effective interest rates of new household loans in the UK 2006-2022, by type
- Effective interest rates of outstanding household loans in the UK 2006-2022, by type
- Current benchmark interest rates SEA October 2022, by country
- Current benchmark interest rates South Asia October 2022, by country
- Interest rates on banks and mortgage companies' deposits in Norway 2018-2021
- Average contract interest rates on outstanding bank loans in Japan 2010-2021
- Average interest rate demand deposits of foreign-owned banks in Indonesia 2013-2022
- Lending interest rates in India 2007-2021
- Drivers of short-term earnings increase expectations Europe 2022
- Leading banks in the U.S. 2021, by number of employees
- Largest banks worldwide 2021, by assets
- Average interest rate on savings of commercial banks in Indonesia 2013-2022
- Average interest rate on demand deposits of commercial banks in Indonesia 2013-2022
- Largest banks globally 2022, by revenue from investment banking
- CET1 ratio of largest 15 U.S. banks Q2 2022
Further Content: You might find this interesting as well
MAS. (October 17, 2022). Savings deposit interest rates of banks in Singapore from 2011 to 2020 [Graph]. In Statista. Retrieved January 28, 2023, from https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/
MAS. "Savings deposit interest rates of banks in Singapore from 2011 to 2020." Chart. October 17, 2022. Statista. Accessed January 28, 2023. https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/
MAS. (2022). Savings deposit interest rates of banks in Singapore from 2011 to 2020. Statista. Statista Inc.. Accessed: January 28, 2023. https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/
MAS. "Savings Deposit Interest Rates of Banks in Singapore from 2011 to 2020." Statista, Statista Inc., 17 Oct 2022, https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/
MAS, Savings deposit interest rates of banks in Singapore from 2011 to 2020 Statista, https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/ (last visited January 28, 2023)
Savings deposit interest rates of banks in Singapore from 2011 to 2020 [Graph], MAS, October 17, 2022. [Online]. Available: https://www.statista.com/statistics/1338836/singapore-banks-savings-deposit-interest-rates/