The time frame usually runs between six months to three years tenures with liable penalty if you decide to withdraw before maturity.Īpply for fixed deposits if you prefer low-risk, low-maintenance investments with guaranteed capitals and returns for the cash or CPF-OA that you put in. They are a type of savings account offered by financial institutions with a predetermined period at a fixed interest rate for a minimum deposit sum. Source: Pexels What Are Fixed Deposits and How They Fit Into Your Investment Portfolioįixed deposits in Singapore are also known as time deposits.
