Singapore Fixed Deposit Calculator

Singapore Fixed Deposit Information

Fixed deposits are low-risk investment options offered by banks in Singapore. They provide guaranteed returns with capital protection, making them suitable for conservative investors.

Key Features of Singapore FDs

• Capital Protection: Principal amount is guaranteed
• Fixed Returns: Interest rate locked in for entire tenure
• SDIC Coverage: Protected up to $75,000 per bank
• Flexible Tenures: From 1 month to 5 years
• Early Withdrawal: Possible with penalty

Factors Affecting FD Rates

• Deposit amount (higher amounts may get better rates)
• Tenure length (longer tenures typically offer higher rates)
• Market interest rates and monetary policy
• Bank's funding requirements
• Customer relationship and banking tier

Tax Implications

• Interest earned is subject to income tax
• No withholding tax for Singapore residents
• Foreign residents may be subject to withholding tax
• Interest is taxed as ordinary income