The deposit interest rate in Singapore decreased by 0.1 percentage points (-55.56 percent) since the previous year. This marks the lowest deposit interest rate during the observed period. A deposit interest rate is the percentage of profit someone earns on their money in an interest-bearing account with a financial institution. Essentially, it is the money that banks, and credit unions pay someone for keeping their money in their institutions.
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World Bank. (May 30, 2024). Deposit interest rates in Singapore from 2007 to 2021 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/
World Bank. "Deposit interest rates in Singapore from 2007 to 2021." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/
World Bank. (2024). Deposit interest rates in Singapore from 2007 to 2021. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/
World Bank. "Deposit Interest Rates in Singapore from 2007 to 2021." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/
World Bank, Deposit interest rates in Singapore from 2007 to 2021 Statista, https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/ (last visited July 22, 2024)
Deposit interest rates in Singapore from 2007 to 2021 [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/738429/singapore-deposit-interest-rates/