Plus, you only have to stash your money away for a year to earn the 2.90 per cent interest. If you're looking to get the most out of a smaller sum of your savings, you can still leverage on Bank of China's 2.90 per cent per annum which is far better than your POSB eMySavings Account's 0.05 per cent per annum interest. Typically, most banks require a minimum deposit of at least $10,000. The best part about Bank of China's fixed deposit rate is that you only need a minimum deposit of $5,000 to earn the 2.90 per cent interest rate. Bank of China fixed deposit rates Bank of China fixed deposit rateīank of China's fixed deposit promotional rate offers a 2.90 per cent per annum interest and it gets better.
It also has a relatively low minimum deposit amount of $5,000, making it pretty worthwhile to put your money with Hong Leong Bank. It also has a relatively short lock-in period of a little over a year. Given its current fixed deposit interest rate of 4 per cent per annum for a lock-in period of 12 months (promotion ends Dec 31), it ranks amongst the highest in terms of interest rate across the board. Apart from the big banks like DBS, UOB and OCBC, the fixed deposit aficionado should also look at other banks like Hong Leong Bank as they also offer attractive promotions.
