Deposit Interest Rates Statistics in Singapore (2026)
As of 2021, the average deposit interest rate in Singapore was 0.1%, per World Bank World Development Indicators data. Down from 0.2% in 2020 to 0.1% in 2021 (−0.1 percentage points). Singapore ranks #21 of 22 economies in East Asia & Pacific on this measure, and #112 of 113 globally.
Key Statistics
- Latest value (2021)
- 0.1% (2021)
- Deposit Interest Rates in Singapore as of 2021, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- −0.1 pp (2021)
- Down from 0.2% in 2020 to 0.1% in 2021 (−0.1 percentage points).
- Earliest value in this dataset (1990)
- 4.7% (1990)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 4.7% in 1990 to 0.1% in 2021.
- Peak value (1990)
- 4.7% (1990)
- Highest value in the available series; the 2021 value is 0.1%.
- Rank in East Asia & Pacific
- #21 of 22 (2021)
- Singapore ranks 21 of 22 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #112 of 113 (2021)
- Singapore ranks 112 of 113 countries with data globally.
- East Asia & Pacific average
- 2.2% (2021)
- Singapore (0.1%) is below the average of 2.2% across the 22 countries in East Asia & Pacific with data.
- Interest rate spread (lending rate minus deposit rate, %) (2021)
- 5.1% (2021)
- Related indicator from World Bank World Development Indicators.
- Internet use in Singapore (2024)
- 94.4% (2024)
- 94.4% of the population in Singapore used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 6 million (2024)
- Singapore had a population of 6 million in 2024 (World Bank); shown for scale only.
Trend, 1990–2021
| Year | % | Change |
|---|---|---|
| 2021 | 0.1% | −0.1 pp |
| 2020 | 0.2% | −0.0 pp |
| 2019 | 0.2% | +0.0 pp |
| 2018 | 0.2% | +0.0 pp |
| 2017 | 0.1% | −0.0 pp |
| 2016 | 0.2% | +0.0 pp |
| 2015 | 0.2% | +0.0 pp |
| 2014 | 0.1% | +0.0 pp |
| 2013 | 0.1% | +0.0 pp |
| 2012 | 0.1% | −0.0 pp |
| 2011 | 0.2% | −0.0 pp |
| 2010 | 0.2% | −0.1 pp |
| 2009 | 0.3% | −0.1 pp |
| 2008 | 0.4% | −0.1 pp |
| 2007 | 0.5% | −0.0 pp |
| 2006 | 0.6% | +0.1 pp |
| 2005 | 0.4% | +0.0 pp |
| 2004 | 0.4% | −0.1 pp |
| 2003 | 0.5% | −0.4 pp |
| 2002 | 0.9% | −0.7 pp |
| 2001 | 1.5% | −0.2 pp |
| 2000 | 1.7% | +0.0 pp |
| 1999 | 1.7% | −2.9 pp |
| 1998 | 4.6% | +1.1 pp |
| 1997 | 3.5% | +0.1 pp |
| 1996 | 3.4% | −0.1 pp |
| 1995 | 3.5% | +0.5 pp |
| 1994 | 3% | +0.7 pp |
| 1993 | 2.3% | −0.6 pp |
| 1992 | 2.9% | −1.8 pp |
| 1991 | 4.6% | −0.0 pp |
| 1990 | 4.7% | — |
Frequently asked questions
What is the latest figure for average deposit interest rate in Singapore?
The average deposit interest rate in Singapore stood at 0.1% in 2021, according to World Bank World Development Indicators data.
Where does Singapore rank globally on deposit interest rates?
Singapore ranks 112 of 113 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did deposit interest rates in Singapore peak?
The highest value in the available series was 4.7% in 1990; the latest (2021) value is 0.1%.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.DPST, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .