Deposit interest rate in Singapore
Singapore: Deposit interest rate was 0.1% in 2021. ◆ Volatile
Deposit interest rate in Singapore, 1977–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Singapore is 0.1%, measured in 2021. That is the lowest value across all 45 years on record.
The figure is down 33.6% on the previous year and down 27.7% over ten years.
Over the whole period, deposit interest rate in Singapore peaked at 10.7% in 1981 and was at its lowest, 0.1%, in 2021.
That places Singapore 149th out of 152 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.0% | 4.1% | 6.2% | 3 |
| 1980s | 5.8% | 2.7% | 10.7% | 10 |
| 1990s | 3.4% | 1.7% | 4.7% | 10 |
| 2000s | 0.7% | 0.3% | 1.7% | 10 |
| 2010s | 0.2% | 0.1% | 0.2% | 10 |
| 2020s | 0.2% | 0.1% | 0.2% | 2 |
Countries ranked near Singapore
More financial sector data for Singapore
- Domestic credit to private sector 128.4% (2020)
- Net domestic credit 701.01 billion current LCU (2020)
- Total reserves in months of imports 4.39 (2025)
- Net foreign assets 407.83 billion current LCU (2020)
- Domestic credit to private sector by banks 128.4% (2020)
- Monetary Sector credit to private sector 128.4% (2020)
- Claims on central government, etc. 16.2% (2020)
- Broad money 147.7% (2020)
- Official exchange rate 1.31 LCU per US$, period average (2025)
- Net migration 16,892 (2025)
Frequently asked questions
- What is deposit interest rate in Singapore?
- Deposit interest rate in Singapore was 0.1% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Singapore?
- The highest recorded value was 10.7% in 1981.
- What is the lowest deposit interest rate recorded in Singapore?
- The lowest recorded value was 0.1% in 2021.
- How does Singapore rank for deposit interest rate?
- Singapore ranks 149th out of 152 countries with data for 2021.
- Is deposit interest rate rising or falling in Singapore?
- Over the last ten years it is down 27.7%. The long-run trend across the full record is volatile.
- Where does this Singapore data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.