Best fixed deposit rates in Singapore today
Singapore dollar fixed deposit rates from 14 banks and finance companies, read directly from each bank's website every day. No sponsored rankings: offers are sorted by rate.
Last checked 18 Oct 2026, 09:35 SGT
Best rate for a S$20,000 deposit, open to any customer. Promotions can end early; confirm with the bank.
Compare fixed deposit rates
13 banks with a 12-month rate for S$20,000
| Bank | Rate p.a. | Tenure | Deposit | Details | Link |
|---|---|---|---|---|---|
| CIMBSGD Fixed Deposit online promotion | 2.10% | 12 months | S$10,000 + | Promo | Go to bank |
| RHBSGD Fixed Deposit promotion | 2.10% | 12 months | S$20,000 + | Promo | Go to bank |
| MaybankDeposits Bundle promotion | 2.05%effective; advertised 2.25% | 12 months | S$20,000 + | Promo | Go to bank |
| Bank of ChinaMobile Banking time deposit promotion | 1.95% | 12 months | S$20,000 + | Promo | Go to bank |
| ICBCSGD E-banking Fixed Deposit promotion | 1.80% | 12 months | S$20,000 – S$199,999 | Promo | Go to bank |
| Sing Investments & FinanceDaily special rate (online) | 1.80% | 12 months | S$10,000 + | PromoFresh funds | Go to bank |
| Hong Leong FinanceOnline Fixed Deposit Special | 1.70% | 12 months | S$20,000 + | Promo | Go to bank |
| UOBSGD Time/Fixed Deposit promotion | 1.70% | 12 months | S$10,000 + | PromoFresh funds | Go to bank |
| OCBCSGD Time Deposit promotion | 1.65% | 12 months | S$20,000 – S$999,999 | PromoFresh funds | Go to bank |
| CitibankSGD Time Deposit (board rate) | 0.70% | 12 months | S$10,000 – S$50,000 | Board rate | Go to bank |
| HSBCSGD Time Deposit (board rate) | 0.15% | 12 months | S$5,000 – S$49,999 | Board rate | Go to bank |
| DBSSGD Fixed Deposit (board rate) | 0.05% | 12 months | S$20,000 – S$49,999 | Board rate | Go to bank |
| POSBSGD Fixed Deposit (board rate) | 0.05% | 12 months | S$20,000 – S$49,999 | Board rate | Go to bank |
"Fresh funds" means money brought in from another bank. Board rates are the bank's standing rates; promos are time-limited. Rates are % per annum. How we collect and check these rates.
Benchmarks: T-bills and Savings Bonds
Source: MAS auction statistics, fetched 18 Oct 2026, 09:35 SGT.
How they compare
T-bills and SSBs are Singapore Government Securities, not bank deposits. They are not covered by SDIC deposit insurance (they are backed by the Government instead). T-bill yields are set at each auction; SSB rates step up the longer you hold. Shown here only as a reference point for fixed deposit rates, not as a recommendation.
Savings accounts
"Up to" rates usually need conditions (salary, card spend, new-customer bonus). Compare savings accounts and what each rate needs →
Fixed deposits in Singapore, October 2026
A fixed deposit (also called a time deposit) locks your money with a bank for a set term in exchange for a guaranteed rate. In Singapore most of the competitive rates are promotions that need a minimum amount (often S$10,000 to S$30,000), and many require fresh funds. Each bank's standing board rates are usually far lower, which is why the promo you pick matters.
Before you place a deposit, check three things on the bank's page: the minimum and maximum amounts, whether existing money qualifies, and what happens at maturity (many promos renew at the board rate). Withdrawing early usually means losing some or all of the interest.
Singapore dollar deposits with banks and finance companies in the SDIC scheme are insured up to S$100,000 per depositor per institution. Interest earned by individuals on deposits with approved banks and licensed finance companies is not taxed in Singapore. More in the FAQ.