The benchmark interest rate in Singapore was last recorded at 2.30 percent. This dataset provides the latest reported value for - Singapore Average Overnight Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2021, the real interest rate in Singapore decreased by 12.4 percentage points (-157.36 percent) compared to 2020. This marks the lowest real interest rate during the observed period. Real interest rate is the adjusted lending interest rate to remove the effects of inflation, as measured by the GDP deflator (implicit price deflator).Find more statistics on other topics about Singapore with key insights such as broad money as a percentage of GDP, domestic credit to the private sector as a share of GDP, and deposit interest rate.

Deposit Interest Rate in Singapore remained unchanged at 0.12 percent in June from 0.12 percent in May of 2021. This dataset includes a chart with historical data for Deposit Interest Rate in Singapore.

Key information about Singapore Long Term Interest Rate

• Singapore Government Securities: Yield: Month End: 10 Years was reported at 2.74 % pa in Feb 2025, compared with 2.92 % pa in the previous month.
• Singapore Long Term Interest Rate data is updated monthly, available from Jun 1998 to Feb 2025.
• The data reached an all-time high of 5.69 % pa in Aug 1998 and a record low of 0.81 % pa in Oct 2020.
• Long Term Interest Rate is reported by reported by Monetary Authority of Singapore.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 3.30 % pa in Nov 2024.
• The cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.

The deposit interest rate in Singapore decreased by 0.1 percentage points (-55.56 percent) compared to the previous year. Therefore, 2021 marks the lowest deposit interest rate during the observed period. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.Find more statistics on other topics about Singapore with key insights such as domestic credit to the private sector as a share of GDP, broad money as a percentage of GDP, and real interest rate.

Singapore SG: Interest Rate Spread data was reported at 5.140 % pa in 2017. This records a decrease from the previous number of 5.160 % pa for 2016. Singapore SG: Interest Rate Spread data is updated yearly, averaging 3.220 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 5.244 % pa in 2012 and a record low of 2.303 % pa in 1979. Singapore SG: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Real interest rate (%) in Singapore was reported at --5.1197 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Real interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Bank deposit interest rate, percent in Singapore, March, 2025 The most recent value is 2.05 percent as of March 2025, a decline compared to the previous value of 2.15 percent. Historically, the average for Singapore from January 2000 to March 2025 is 0.8 percent. The minimum of 0.29 percent was recorded in January 2012, while the maximum of 2.46 percent was reached in January 2000. | TheGlobalEconomy.com

In 2020, the interest rate on bank savings deposits in Singapore was 0.09 percent. This rate gradually increased, reaching 0.16 percent in 2017, before declining to the lowest level observed over the last year of the measured period.

Key information about Singapore Short Term Interest Rate

• Singapore SIBOR: SGD: Month End: 3 Months was reported at 3.30 % pa in Nov 2024, compared with 3.30 % pa in the previous month.
• Singapore Short Term Interest Rate data is updated monthly, available from Oct 1995 to Nov 2024.
• The data reached an all-time high of 7.81 % pa in Jan 1998 and a record low of 0.35 % pa in Aug 2011.
• Short Term Interest Rate is reported by reported by The Association of Banks in Singapore.

• In the latest reports, Singapore Government Securities: Yield: Month End: 10 Years was reported at 2.74 % pa in Nov 2024.
• The cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.

Singapore SG: Deposit Interest Rate data was reported at 0.140 % pa in 2017. This records a decrease from the previous number of 0.190 % pa for 2016. Singapore SG: Deposit Interest Rate data is updated yearly, averaging 2.737 % pa from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 10.710 % pa in 1981 and a record low of 0.136 % pa in 2012. Singapore SG: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. 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.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Lending interest rate (%) in Singapore was reported at 5.25 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Key information about Singapore Policy Rate

• Singapore cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023, compared with 3.72 % pa in the previous May 2023.
• Singapore Policy Rate averaged 0.40 % pa and is updated monthly, available from Jul 2005 to Jun 2023.
• The data reached an all-time high of 4.39 % pa in Sep 2022 and a record low of 0.02 % pa in Jul 2011.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 4.09 % pa in Jun 2023.
• Its Long Term Interest Rate (Government Securities: Yield: Month End: 10 Years) was reported at 3.08 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.
• Its Real Effective Exchange Rate was 131.63 in May 2023.

Forecast: Bank Lending Interest Rate in Singapore 2022 - 2026 Discover more data with ReportLinker!

Interest rate spread (lending rate minus deposit rate, %) in Singapore was reported at 5.1283 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Deposit interest rate (%) in Singapore was reported at 0.12167 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Singapore - Deposit interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Singapore SG: Lending Interest Rate data was reported at 5.280 % pa in 2017. This records a decrease from the previous number of 5.350 % pa for 2016. Singapore SG: Lending Interest Rate data is updated yearly, averaging 5.856 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 13.645 % pa in 1981 and a record low of 5.280 % pa in 2017. Singapore SG: Lending Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

In 2020, the prime lending rate by banks in Singapore was at 5.25 percent. This is the same figure as the previous year, after the slight decrease of 0.08 percent compared to 2018.

Singapore SG: Real Interest Rate data was reported at 4.372 % pa in 2017. This records a decrease from the previous number of 5.388 % pa for 2016. Singapore SG: Real Interest Rate data is updated yearly, averaging 4.764 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 10.092 % pa in 1999 and a record low of -0.502 % pa in 2007. Singapore SG: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

Interbank Rate in Singapore remained unchanged at 3.30 percent on Tuesday December 31. This dataset provides - Singapore Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.