Revision of Singapore Dollar Time Deposit Rate & Mortgage 9-month, 36-month and 48-month Fixed Deposit Rate (FDR)
From 28 April 2025 (inclusive of this date), please note that Singapore Dollar Time Deposit (“SGD TD”) interest rates (per annum) will be revised as below:
| | 1 MTHS | 3 MTHS | 6 MTHS | 9 MTHS | 12 MTHS | 15 MTHS | 18 MTHS | 24 MTHS | 36 MTHS | 48 MTHS | 60 MTHS |
|---|
| Before 28 April 2025 | 0.8500% | 0.9000% | 2.2000% | 2.5500% | 2.6000% | 2.7500% | 2.7500% | 2.7500% | 2.7700% | 2.9000% | 3.0000% |
| From 28 April 2025 | 0.0500% | 0.1000% | 0.7000% | 1.0500% | 1.1000% | 1.5000% | 1.5000% | 1.5000% | 1.7700% | 1.9000% | 2.0000% |
The Mortgage 9-month, 36-month and 48-month FDR base rates will be adjusted accordingly. As these rates are linked to your FDR mortgage loan packages, a revision in the SGD TD rates will change the interest rates of your FDR mortgage loans. All other features, as well as the terms and conditions relating to each mortgage loan, will remain unchanged.
What to expect
Once the new interest rate is effective, clients with FDR mortgage loan should receive a letter in April 2025 with details of:
- The revised interest rate;
- Revised monthly instalment amount; and
- Payment due date for the revised monthly instalment.
If you are already on eStatements, you will receive an eAdvice with these details via Online Banking instead. For more information, please refer to our FAQs below.
