Rates · Bank data
Fixed deposit rates in Singapore today, bank by bank
Every bank’s and finance company’s fixed deposit rates, read from their own pages twice a day: the deals that fit your amount, what each one needs, and the rate it renews at.
Highest 12-month rate, no banking tier needed
2.10% a year
CIMB, online promotion
online · S$10,000+
When it ends it renews at the board rate, now 0.30%. Read from CIMB’s rates page at 3:40 pm, 24 Oct.
Highest rate for each term
- 3 months
- 1.75% Bank of China, S$200,000+
- 6 months
- 2.10% Maybank, S$20,000+
- 9 months
- 2.00% Bank of China, S$200,000+
- 12 months
- 2.10% CIMB, S$10,000+
- 18 months
- 2.12% HL Bank, S$10,000+
- 24 months
- 2.15% HL Bank, S$10,000+
No banking tier needed; the smallest deposit that gets the rate after the bank. Every bank
On S$50,000 for 12 months: $1,050 at CIMB (2.10%), against $25 if it sits at DBS’s board rate of 0.05%, the rate a deposit there renews at. Your own amount
The deals for your amount
The highest headline rate is rarely the one you can get. Most promotions need a minimum amount, fresh funds or the bank’s app, and some are only for priority clients or new customers. Put in your amount and term, untick what you can’t do, and you see the deals that fit, highest first, with the interest you’d get at the end.
Every bank, side by side
The highest 6 and 12-month rate each bank and finance company offers without a banking tier, what it needs, and the board rate: the bank’s standard rate, which is what most deposits renew at once a promotion ends.
| Bank, and what the 12-month rate needs | 6 months | 12 months | Board rate, 12 months |
|---|---|---|---|
| Maybankonline · S$20,000 to S$1,000,000 | 2.10% | 2.10% | 0.35% |
| CIMBonline · S$10,000+ | 1.75%1.80% Preferred Banking | 2.10%2.15% Preferred Banking | 0.30–0.35% |
| HL Bankonline · S$10,000+ | 2.05% | 2.05% | – |
| Bank of Chinain the app · S$20,000+ | 2.05% | 2.05% | – |
| CitibankCitigold · online · fresh funds · S$5,000 to S$5,000,000 | –2.00% Citigold | – | – |
| Singapura Finance finance companySingapore citizens and PRs · in the app · S$10,000 to S$100,000 | 1.75% | 1.98% | – |
| GXS Bank digital bankin the app · fresh funds · until 31 Dec | – | 1.95% | – |
| Hong Leong Finance finance companyonline · S$20,000+ | 1.75% | 1.90% | – |
| OCBConline · fresh funds · S$20,000+ | 1.55% | 1.85% | – |
| ICBConline · S$200,000+ | 1.85% | – | – |
| Standard Charteredonline · fresh funds · S$25,000+ · until 27 Oct | – | 1.75%2.00% Priority Private | – |
| UOBin the app · fresh funds · S$10,000+ · until 31 Oct | 1.60% | 1.70% | 1.00% |
| HSBCin the app · fresh funds · S$30,000+ | 1.80%2.00% HSBC Premier Elite | 1.30%1.70% HSBC Premier Elite | – |
| DBSS$1,000 to S$19,999 | 0.80% | 1.00% | 0.05–1.00% |
| POSBS$1,000 to S$19,999 | 0.80% | 1.00% | 0.05–1.00% |
| RHB check by handTheir page does not answer our automatic check. See their rates. | – | – | – |
| Sing Investments & Finance finance company check by handTheir page does not answer our automatic check. See their rates. | – | – | – |
Highest rate that needs no banking tier, at any amount; a higher rate for a tier is shown under it. The board rate is the bank’s standard rate, the one most deposits renew at when a promotion ends; a range means it depends on the amount. Each bank’s name links to the page we read.
Every rate we read, bank by bank
% a year by term in months; “m” is months. Foreign-currency, CPF and SRS deposits are not included.
DBS
Fixed deposit board rate S$1,000 to S$9,999
1m 0.05 · 2m 0.05 · 3m 0.15 · 4m 0.25 · 5m 0.40 · 6m 0.80 · 7m 0.95 · 8m 1.00 · 9m 1.00 · 10m 1.00 · 11m 1.00 · 12m 1.00
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$10,000 to S$19,999
1m 0.05 · 2m 0.05 · 3m 0.15 · 4m 0.25 · 5m 0.40 · 6m 0.80 · 7m 0.95 · 8m 1.00 · 9m 1.00 · 10m 1.00 · 11m 1.00 · 12m 1.00
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$20,000 to S$49,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$50,000 to S$99,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$100,000 to S$249,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$250,000 to S$499,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Fixed deposit board rate S$500,000 to S$999,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at DBS, not each placement.
Read 3:40 pm, 24 Oct from DBS’s page; the bank dates these rates 23 Oct 2026.
POSB
Fixed deposit board rate S$1,000 to S$9,999
1m 0.05 · 2m 0.05 · 3m 0.15 · 4m 0.25 · 5m 0.40 · 6m 0.80 · 7m 0.95 · 8m 1.00 · 9m 1.00 · 10m 1.00 · 11m 1.00 · 12m 1.00
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$10,000 to S$19,999
1m 0.05 · 2m 0.05 · 3m 0.15 · 4m 0.25 · 5m 0.40 · 6m 0.80 · 7m 0.95 · 8m 1.00 · 9m 1.00 · 10m 1.00 · 11m 1.00 · 12m 1.00
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$20,000 to S$49,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$50,000 to S$99,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$100,000 to S$249,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$250,000 to S$499,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Fixed deposit board rate S$500,000 to S$999,999
1m 0.05 · 2m 0.05 · 3m 0.05 · 4m 0.05 · 5m 0.05 · 6m 0.05 · 7m 0.05 · 8m 0.05 · 9m 0.05 · 10m 0.05 · 11m 0.05 · 12m 0.05
New placements up to 12 months. The rate is set by your total SGD fixed deposit balance at POSB, not each placement.
Read 3:40 pm, 24 Oct from POSB’s page; the bank dates these rates 24 Oct 2026.
OCBC
Promotion (branch) at a branch · fresh funds · S$20,000+
6m 1.50 · 12m 1.80
Fresh funds only.
Promotion (online) online · fresh funds · S$20,000+
6m 1.55 · 12m 1.85
Fresh funds only.
Read 3:40 pm, 24 Oct from OCBC’s page.
UOB
TMRW app promotion in the app · fresh funds · S$10,000+ · until 31 Oct
6m 1.60 · 10m 1.65 · 12m 1.70
Fresh funds only, placed in the UOB TMRW app. No interest if withdrawn early.
Board rate board rate
1m 0.05 · 2m 0.05 · 3m 0.10 · 4m 0.10 · 5m 0.15 · 6m 0.30 · 7m 0.50 · 8m 0.70 · 9m 0.80 · 10m 0.90 · 11m 1.00 · 12m 1.00 · 13m 1.00 · 14m 1.00 · 15m 1.00 · 18m 1.00 · 24m 1.00 · 36m 1.00
Board rate board rate S$50,000 to S$249,999
1m 0.05 · 2m 0.05 · 3m 0.10 · 4m 0.10 · 5m 0.15 · 6m 0.30 · 7m 0.50 · 8m 0.70 · 9m 0.80 · 10m 0.90 · 11m 1.00 · 12m 1.00 · 13m 1.00 · 14m 1.00 · 15m 1.00 · 18m 1.00 · 24m 1.00 · 36m 1.00
Board rate board rate S$250,000 to S$499,999
1m 0.05 · 2m 0.05 · 3m 0.10 · 4m 0.10 · 5m 0.15 · 6m 0.30 · 7m 0.50 · 8m 0.70 · 9m 0.80 · 10m 0.90 · 11m 1.00 · 12m 1.00 · 13m 1.00 · 14m 1.00 · 15m 1.00 · 18m 1.00 · 24m 1.00 · 36m 1.00
Board rate board rate S$500,000 to S$999,999
1m 0.05 · 2m 0.05 · 3m 0.10 · 4m 0.10 · 5m 0.15 · 6m 0.30 · 7m 0.50 · 8m 0.70 · 9m 0.80 · 10m 0.90 · 11m 1.00 · 12m 1.00 · 13m 1.00 · 14m 1.00 · 15m 1.00 · 18m 1.00 · 24m 1.00 · 36m 1.00
Read 3:40 pm, 24 Oct from UOB’s page.
Maybank
iSAVvy online rate board rate online · S$5,000 to S$19,999
1m 0.15 · 2m 0.15 · 3m 0.25 · 6m 0.30 · 9m 0.40
Placed online (iSAVvy). Maybank’s Deposits Bundle promotion is not included here: see its page.
Board rate board rate S$10,000+
1m 0.10
1 month needs S$10,000.
iSAVvy online rate board rate online · S$20,000 to S$50,000
1m 0.15 · 2m 0.15 · 3m 0.25 · 6m 2.10 · 9m 1.90 · 12m 2.10 · 15m 0.40 · 18m 0.45 · 24m 0.55
Placed online (iSAVvy). Maybank’s Deposits Bundle promotion is not included here: see its page.
iSAVvy online rate board rate online · S$50,001 to S$249,999
1m 0.15 · 2m 0.15 · 3m 0.25 · 6m 2.10 · 9m 1.90 · 12m 2.10 · 15m 0.40 · 18m 0.45 · 24m 0.55
Placed online (iSAVvy). Maybank’s Deposits Bundle promotion is not included here: see its page.
iSAVvy online rate board rate online · S$250,000 to S$1,000,000
1m 0.15 · 2m 0.15 · 3m 0.25 · 6m 2.10 · 9m 1.90 · 12m 2.10 · 15m 0.40 · 18m 0.45 · 24m 0.55
Placed online (iSAVvy). Maybank’s Deposits Bundle promotion is not included here: see its page.
Board rate board rate S$1,000+
2m 0.10 · 3m 0.20 · 6m 0.25 · 9m 0.35 · 12m 0.35 · 18m 0.40 · 24m 0.50
Read 3:40 pm, 24 Oct from Maybank’s page.
CIMB
Online promotion online · S$10,000+
3m 1.35 · 6m 1.75 · 9m 1.85 · 12m 2.10
Online promotion Preferred Banking · online · S$10,000+
3m 1.40 · 6m 1.80 · 9m 1.90 · 12m 2.15
Board rate board rate S$1,000 to S$99,999
1m 0.20 · 2m 0.25 · 3m 0.30 · 6m 0.30 · 9m 0.30 · 12m 0.30 · 18m 0.30 · 24m 0.30
1 and 2 months need S$5,000 or more.
Board rate board rate S$100,000+
1m 0.20 · 2m 0.30 · 3m 0.35 · 6m 0.35 · 9m 0.35 · 12m 0.35 · 18m 0.35 · 24m 0.35
1 and 2 months need S$5,000 or more.
Read 3:40 pm, 24 Oct from CIMB’s page.
HL Bank
Promotion (online) online · S$10,000+
6m 2.05 · 12m 2.05 · 18m 2.12 · 24m 2.15
Fresh funds or money moved from an HL Bank savings or current account.
Promotion (branch) at a branch · S$100,000+
6m 2.05 · 12m 2.05 · 18m 2.12 · 24m 2.15
Fresh funds or money moved from an HL Bank savings or current account.
Read 3:40 pm, 24 Oct from HL Bank’s page; the bank dates these rates 14 Oct 2026.
Bank of China
Mobile banking promotion in the app · S$500+
1m 1.10 · 2m 1.20 · 5m 1.50 · 24m 1.55
New placements in the BOC mobile app; needs a BOC savings or current account.
Mobile banking promotion in the app · S$500 to S$19,999
3m 1.60 · 6m 1.70 · 9m 1.70 · 12m 1.70
New placements in the BOC mobile app; needs a BOC savings or current account.
Mobile banking promotion in the app · S$20,000 to S$199,999
3m 1.65 · 6m 1.95 · 9m 1.90
New placements in the BOC mobile app; needs a BOC savings or current account.
Mobile banking promotion in the app · S$200,000+
3m 1.75 · 6m 2.05 · 9m 2.00 · 18m 1.65
New placements in the BOC mobile app; needs a BOC savings or current account.
New-to-bank promotion New customers · in the app · fresh funds · S$100,000 to S$199,999
4m 2.08 · 8m 2.08
New Bank of China customers with fresh funds, in the mobile app.
New-to-bank promotion New customers · in the app · fresh funds · S$200,000 to S$250,000
4m 2.18 · 8m 2.18
New Bank of China customers with fresh funds, in the mobile app.
Mobile banking promotion in the app · S$20,000+
12m 2.05
New placements in the BOC mobile app; needs a BOC savings or current account.
Mobile banking promotion in the app · S$500 to S$199,999
18m 1.60
New placements in the BOC mobile app; needs a BOC savings or current account.
Read 3:40 pm, 24 Oct from BOC’s page; the bank dates these rates 19 Oct 2026.
ICBC
E-banking promotion online · S$500 to S$19,999
1m 1.05 · 3m 1.25 · 6m 1.30 · 9m 1.10
E-banking promotion online · S$20,000 to S$199,999
1m 1.10 · 3m 1.30 · 6m 1.80 · 9m 1.80
E-banking promotion online · S$200,000+
1m 1.10 · 3m 1.30 · 6m 1.85 · 9m 1.85
Read 3:40 pm, 24 Oct from ICBC’s page.
Standard Chartered
Fresh funds promotion online · fresh funds · S$25,000+ · until 27 Oct
12m 1.75
Fresh funds only, placed in SC Mobile or Online Banking; held to maturity.
Fresh funds promotion Priority Banking · online · fresh funds · S$25,000+ · until 27 Oct
12m 1.90
Fresh funds only, placed in SC Mobile or Online Banking; held to maturity.
Fresh funds promotion Priority Private · online · fresh funds · S$25,000+ · until 27 Oct
12m 2.00
Fresh funds only, placed in SC Mobile or Online Banking; held to maturity.
Read 3:40 pm, 24 Oct from Standard Chartered’s page.
Citibank
Citigold promotion Citigold · online · fresh funds · S$5,000 to S$5,000,000
3m 1.40 · 6m 2.00 · 9m 1.70
New funds only. For Citigold clients.
New-to-bank promotion New customers · online · fresh funds · S$250,000 to S$1,499,999
3m 1.40 · 6m 2.00
New funds only. For customers new to Citibank.
New-to-bank promotion New customers · online · fresh funds · S$1,500,000 to S$5,000,000
3m 1.40 · 6m 2.00
New funds only. For customers new to Citibank.
Read 3:40 pm, 24 Oct from Citibank’s page.
HSBC
App promotion in the app · fresh funds · S$30,000+
3m 1.40 · 6m 1.80 · 9m 1.20 · 12m 1.30
Fresh funds only, placed in the HSBC Singapore app.
App promotion HSBC Premier Elite · in the app · fresh funds · S$30,000+
3m 1.60 · 6m 2.00 · 9m 1.60 · 12m 1.70
Fresh funds only, placed in the HSBC Singapore app.
App promotion HSBC Premier with wealth holdings or Premier FX Engaged · in the app · fresh funds · S$30,000+
3m 1.60 · 6m 2.00 · 9m 1.55 · 12m 1.65
Fresh funds only, placed in the HSBC Singapore app.
App promotion HSBC Premier without wealth holdings · in the app · fresh funds · S$30,000+
3m 1.60 · 6m 2.00 · 9m 1.25 · 12m 1.35
Fresh funds only, placed in the HSBC Singapore app.
Read 3:40 pm, 24 Oct from HSBC’s page.
Hong Leong Finance
HLF Digital promotion online · S$5,000 to S$19,999
6m 1.55 · 9m 1.60 · 12m 1.70
Placed online in HLF Digital; needs an HLF savings account.
Branch promotion at a branch · S$20,000 to S$99,999
6m 1.65 · 9m 1.70 · 12m 1.80
New placements and renewals, at a branch.
HLF Digital promotion online · S$20,000+
6m 1.75 · 9m 1.80 · 12m 1.90
Placed online in HLF Digital; needs an HLF savings account.
Branch promotion at a branch · S$100,000+
6m 1.75 · 9m 1.80 · 12m 1.90
New placements and renewals, at a branch.
Special promotion fresh funds · S$20,000+
8m 2.08
Fresh funds only, at a branch or online.
Read 3:40 pm, 24 Oct from HL Finance’s page.
Singapura Finance
Counter promotion at a branch · S$20,000+
6m 1.75 · 12m 1.98 · 18m 1.98 · 24m 1.98
At a Singapura Finance branch; needs a Singapura Finance savings account. No interest if withdrawn early.
Vivid Fixed Deposit (app) Singapore citizens and PRs · in the app · S$10,000 to S$100,000
12m 1.98 · 18m 1.98 · 24m 1.98
Placed in the SFL Go app from a Vivid Savings Account.
Read 3:40 pm, 24 Oct from Singapura Finance’s page; the bank dates these rates 29 Sep 2026.
GXS Bank
Boost Pocket fresh-funds reward in the app · fresh funds · until 31 Dec
12m 1.95
Base rate plus a cash reward on fresh funds; name the pocket as the promotion says.
Boost Pocket board rate in the app
12m 1.75
A fixed-term pocket in the GXS Savings Account; the bonus part is paid only if kept to the end.
Read 3:40 pm, 24 Oct from GXS’s page.
What changed
No bank has changed a rate since we started reading them on 24 Oct 2026. Changes show here the day we see them.
Promotions ending soon
| Last day | Bank and deal | Rate |
|---|---|---|
| Tue 27 Oct in 3 days | Standard Chartered Fresh funds promotion, 12 months | up to 2.00% |
| Sat 31 Oct in 7 days | UOB TMRW app promotion, 12 months | up to 1.70% |
The end date each bank gives on its page; most promotions without one can also end at any time. After the last day, a placement gets the bank’s new rate.
Fixed deposit, T-bill or Savings Bond?
All three are safe places for Singapore dollars, and all three pay interest you don’t pay tax on. They differ in how long your money is tied up and what happens if you need it back early.
| Where | % a year | Which |
|---|---|---|
| Highest 12-month fixed deposit | 2.10% | CIMB, online · S$10,000+ |
| 1-year T-bill | 1.92% | Cut-off yield, auction of 15 Oct |
| 6-month T-bill | 1.95% | Cut-off yield, auction of 22 Oct |
| Savings Bond, year 1 | 1.67% | SBNOV26; 2.45% a year if held 10 years |
| CPF Ordinary Account | 2.50% | Until 31 Dec 2026; not cash you can move |
How they differ
| What | Fixed deposit | T-bill | Savings Bond |
|---|---|---|---|
| Smallest amount | Often S$10,000 to S$20,000 for the top rates | S$1,000 | S$500 |
| Most you can put in | No limit (insured to S$100,000) | No limit | S$200,000 in all bonds |
| Need the money early? | Break it; you often lose some or all of the interest | Sell through your bank, at the market price | Cash out in any month, no penalty; paid the next month |
| When it ends | Usually renews at the board rate unless you tell the bank | Paid back to you | Pays to the end of 10 years |
| Rate known | When you place it | After the auction | Before you apply |
Interest from all three is not taxed for individuals in Singapore. A fixed deposit is the only one where the rate depends on the bank, the amount and the deal, which is why it pays to compare.
Spread it out: a fixed deposit ladder
A ladder splits your money across terms that end at different times, so part of it comes back every few months instead of all of it being locked up for a year. Put in a total and see where each part would earn the most today.
Is my money safe?
Your deposit is insured up to S$100,000 per bank
If a bank or finance company in the Deposit Insurance Scheme fails, the Singapore Deposit Insurance Corporation (SDIC) pays back up to S$100,000 of your Singapore-dollar deposits with it: fixed deposits and savings added together. All 17 banks and finance companies on this page are members. DBS and POSB are one member (DBS Bank), so S$100,000 covers both together.
Above S$100,000, spreading money across members keeps all of it insured. CPF Investment Scheme and Retirement Sum Scheme money with a bank is insured separately, up to another S$100,000.
From SDIC and its list of members, checked 24 Oct 2026. Foreign-currency deposits are not insured.
Fixed deposit rates since 1983
MAS published the average rates of Singapore’s leading banks every month from 1983 until June 2021. The average 12-month deposit paid about 7% in 1983 and 1984 and about 6% in 1990; from 2003 to 2021 it stayed under 1%, falling to 0.24% in 2021.
12-month fixed deposit Savings account
Tap or hover on the chart to read a value.
Every year from 1983 to 2021
| Year | 3 months | 6 months | 12 months | Savings |
|---|---|---|---|---|
| 2021 (Jan to Jun) | 0.12% | 0.16% | 0.24% | 0.08% |
| 2020 | 0.18% | 0.23% | 0.46% | 0.13% |
| 2019 | 0.20% | 0.26% | 0.55% | 0.16% |
| 2018 | 0.16% | 0.23% | 0.38% | 0.16% |
| 2017 | 0.14% | 0.20% | 0.33% | 0.16% |
| 2016 | 0.19% | 0.25% | 0.35% | 0.14% |
| 2015 | 0.17% | 0.23% | 0.33% | 0.12% |
| 2014 | 0.14% | 0.21% | 0.32% | 0.11% |
| 2013 | 0.14% | 0.20% | 0.32% | 0.10% |
| 2012 | 0.14% | 0.19% | 0.30% | 0.11% |
| 2011 | 0.17% | 0.24% | 0.40% | 0.12% |
| 2010 | 0.21% | 0.30% | 0.48% | 0.14% |
| 2009 | 0.29% | 0.37% | 0.56% | 0.18% |
| 2008 | 0.42% | 0.54% | 0.73% | 0.23% |
| 2007 | 0.53% | 0.64% | 0.85% | 0.25% |
| 2006 | 0.57% | 0.67% | 0.88% | 0.26% |
| 2005 | 0.44% | 0.55% | 0.76% | 0.24% |
| 2004 | 0.40% | 0.51% | 0.71% | 0.23% |
| 2003 | 0.50% | 0.67% | 0.88% | 0.28% |
| 2002 | 0.87% | 1.14% | 1.39% | 0.56% |
| 2001 | 1.52% | 1.85% | 2.14% | 1.13% |
| 2000 | 1.71% | 2.06% | 2.45% | 1.30% |
| 1999 | 1.68% | 2.04% | 2.46% | 1.36% |
| 1998 | 4.60% | 4.66% | 4.82% | 3.11% |
| 1997 | 3.47% | 3.72% | 4.02% | 2.75% |
| 1996 | 3.41% | 3.67% | 4.01% | 2.72% |
| 1995 | 3.50% | 3.77% | 4.11% | 2.81% |
| 1994 | 3.00% | 3.26% | 3.54% | 2.31% |
| 1993 | 2.30% | 2.54% | 2.84% | 1.62% |
| 1992 | 2.87% | 3.09% | 3.34% | 2.14% |
| 1991 | 4.63% | 4.97% | 5.06% | 3.69% |
| 1990 | 4.67% | 5.11% | 5.51% | 3.50% |
| 1989 | 3.21% | 3.68% | 4.42% | 2.93% |
| 1988 | 2.74% | 3.05% | 3.56% | 2.73% |
| 1987 | 2.89% | 3.09% | 3.47% | 3.04% |
| 1986 | 3.91% | 4.06% | 4.25% | 4.25% |
| 1985 | 4.99% | 5.23% | 5.57% | 5.66% |
| 1984 | 6.98% | 7.03% | 7.16% | 6.92% |
| 1983 | 6.31% | 6.49% | 6.77% | 6.24% |
Yearly average of MAS’s monthly figures, % a year.
Since 24 Oct 2026 we keep our own record: the highest 12-month rate that needs no banking tier, every day (2.10% on the first day). It is in the CSV with every rate we read today.
Questions people ask
What is the highest fixed deposit rate in Singapore today?
On 24 Oct 2026 the highest 12-month fixed deposit rate in Singapore that needs no banking tier was 2.10% at CIMB (online · S$10,000+). For 6 months it was 2.10% at Maybank. We read the banks’ own pages twice a day.
Is fixed deposit interest taxed?
No. Interest that individuals earn on deposits with banks and licensed finance companies in Singapore is not taxed, and you don’t need to declare it.
What happens if I withdraw early?
Each bank sets its own terms. Many pay little or no interest if you take the money out before the end, and some charge a fee; a few promotions say “no interest if withdrawn early” outright. If you may need the money, a shorter term, a ladder or a Savings Bond (which you can cash out in any month without losing interest) keeps it within reach.
What happens when my fixed deposit ends?
Unless you tell the bank otherwise, most fixed deposits renew for the same term at the bank’s board rate on that day, which is often far below the promotion you placed at. The board rate column above shows each bank’s. Set a reminder a few days before the end date to move it, or to tell the bank to pay it out.
What are fresh funds?
Money that is new to the bank, compared with your balance there on a date the bank sets. Moving money from your savings account at the same bank usually does not count. Each bank defines it in its promotion terms.
Why does DBS show 1.00% for small amounts but 0.05% for larger ones?
Those are DBS’s and POSB’s board rates, and they set the rate by your total Singapore-dollar fixed deposits with them, not each placement. Smaller totals get the higher board rate; S$20,000 and above get 0.05% a year. DBS also takes new placements only for terms of 12 months or less.
Are finance companies safe?
Hong Leong Finance, Singapura Finance and Sing Investments & Finance are licensed by MAS and are members of the same Deposit Insurance Scheme as the banks, so the same S$100,000 cover applies.
Can I use CPF or SRS money?
Money in the CPF Investment Scheme or the Supplementary Retirement Scheme can go into fixed deposits at some banks, at their own rates. The rates on this page are for cash.
How we get these numbers
Twice a day, at 9:35 am and 3:35 pm, a script on our own server opens each bank’s and finance company’s fixed deposit page, the same page you would see, and reads every rate, term, amount band and condition on it. 15 of 17 pages read cleanly on the last run.
A read is held instead of published if anything looks off: the page’s layout changed, a rate moved more than 0.5 points at once, a deal vanished, or the page did not load. The last good rates then stay up, marked “being checked”, until we have looked at the bank’s page ourselves. A bank still held after 14 days moves to “check by hand”.
RHB and Sing Investments & Finance block automatic reads, so we link to their pages instead of guessing. Maybank’s Deposits Bundle, which needs a savings account placement alongside, is not included; its iSAVvy online and board rates are.
We rank by the rate the bank publishes (or its stated effective rate, where a bonus is paid at the end), and show the conditions next to every rate. No bank pays to be listed, and the order is never changed by hand.
- Interest is worked out as banks pay it on fixed deposits: simple interest on the amount, for the months of the term, paid at the end.
- This page shows numbers, not advice on where to put your money. See our disclaimer, how we get our numbers and corrections.
Disclosure: the editor, Jeremiah Say, has no fixed deposits. Numbers.sg is not paid by any bank or finance company, and there are no affiliate links on this page.
Bank rates are each bank’s and finance company’s own published figures, read from the pages linked above. History contains information from Interest Rates of Banks and Finance Companies from the Monetary Authority of Singapore website, made available under the terms of the MAS Terms of Use of Datasets. Numbers.sg is independent and is not endorsed by MAS or any bank.
Changes to this page
New page: fixed deposit rates. 17 banks and finance companies, read from their own pages twice a day: the deals that fit your amount, what each needs, the rate it renews at, promotions ending soon, a ladder builder, deposit insurance, and MAS’s averages since 1983. See fixed deposit rates