Bank time deposits remain popular in Singapore despite a decline in total deposits during the second half of 2024, as interest rates entered a cut cycle. As of October 2024, the total fixed deposits of local residents stood at 424 billion yuan, up 0.87% from the previous month, despite earlier months showing slight decreases. Although the US Federal Reserve is expected to slow interest rate cuts in 2025, local time deposit rates are likely to decline further. However, time deposits remain attractive compared to other low-risk investment options.