Best Fixed Deposit Accounts Singapore

Best Fixed Deposit Accounts Singapore ,If you are Seeking for guarantee returns on your Saving & have a low Risk appetite. Fixed deposit will be your choice .

Check out the Best FD interest rate in Singapore through the navigation link below.

Best Fixed Deposit Comparison Calculator

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Best Fixed Deposit Promotion in Oct 2020. By Tenor

Best Fixed Deposit Rates in Oct2020. By Tenor

Best interest rate for Fixed Deposit belowS$1000

Best interest rate for Fixed Deposit S$1000 <= Deposit Amount < S$5000

Best Interest rate for Fixed Deposit S$5000 <= Deposit Amount < S$10,000

Best Interest rate for Fixed Deposit S$10,000 <= Deposit Amount < S$20,000

Best Fixed Deposit Rates Promotion in October 2020.

NO	Bank	Deposit Amount	Tenor (Months )	Interest rate	Promotion End
1	OCBC fixed deposit promotion	S$20,000 Above	12	0.50%	NA
2		S$20,000 Above	12	0.80%	NA
2		S$20,000 Above	12	0.85%( Fresh Fund Via Online Payment)	NA
3	Standard Charted fixed deposit promotion	S$25,000 Above	6	0.20% ( Normal ) 0.30% ( Priority Banking)	12 OCT
4	HSBC fixed deposit promotion	S$30,000 To S$1200,000	3	0.30%	31 Oct 2020
5	UOB fixed deposit promotion	Minimum S$20,000	10	0.55%	31 Oct 2020

Best Fixed Deposit Rates in September 2020. By Tenor ( 1 Month to 36 Month )

Note : Promotional Rates By Bank, does not necessarily means they are the best rate , you will still need to do your home work to compare all different Tenor &Interest rate offered By different Banks in Singapore

I have done All the Hard work 💪💪 on your behalf

Check out the Best Singapore Fixed Deposit Interest Rates By Tenor ( Updated Oct /2020 ) by Referring the Table below

Tenor (In Month )	Bank	Deposit Amount	Interest Rate
1 Month	ICBC SGD Fixed Deposit	S$500 Above Fresh Fund ( E-Banking )	0.25%
	Bank Of China SGD Fixed Deposit	S$5000 to S$499,999	0.275%
	Bank Of China SGD Fixed Deposit	S$500,000 Above	0.325%
2 Month	State Bank Of India SGD Fixed Deposit	S$5,000 to $S49,999	0.25%
2 Month		S$100,000 Above	0.30%
3 Month	MayBank iSAVvy Time Deposit	S$5,000 to $S1,000,000	0.45%
4 Month	Bank Of East Asia SGD Fixed Deposit	S$50,000 t0 S$499,999	0.375%
4 Month	Hong Leong Finance SGD FIXED DEPOSIT	S$50,000 Above	0.30%
5 Month	Bank Of East Asia SGD Fixed Deposit	S$1000 to S$49,999	0.25%
5 Month	Bank Of East Asia SGD Fixed Deposit	S$50,000 to S$499,999	0.375%
6 Month	MayBank iSAVvy Time Deposit	S$5,000 to $S1,000,000	0.55%
9 Month	DBS/ POSB SGD FIXED Deposit	S$1,000 to S$19,999	0.95%
10 Month	DBS/ POSB SGD FIXED Deposit	S$1,000 to S$19,999	1.10%
12 Month	DBS/ POSB SGD FIXED Deposit	S$1,000 to S$19,999	1.15%
13 Month	Hong Leong Finance Promotional SGD Fixed Deposit(Updated Oct 20)	S$20,000 & Above	0.80%
14 Month	OCBC SGD FIXED DEPOSIT	S$5,000 & Above	0.35%
15 Month	OCBC SGD FIXED DEPOSIT	S$5,000 to S$20,000	1.25%
16 Month	OCBC SGD FIXED DEPOSIT	S$5,000 to S$20,000	0.40%
18 Month	DBS/ POSB SGD FIXED Deposit	S$1,000 to S$19,999	1.30%
24 Month	Maybank iSAVvy Time Deposit	S$5,000 & Above	1.20%
36 Month	MayBank iSAVvy Time Deposit & MayBank SGD Fixed Deposit	S$5,000 to $S1,000,000	1.50%

Best interest rate for Fixed Deposit belowS$1000

Only ICBC Bank & Hong Leong Finance offer Fixed Deposit minimum entry amount at S$500 and above

Best interest rate for Fixed Deposit S$1000 <= Deposit Amount <S$5000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.20%
2 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.125%
3 months	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.40%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
6 months	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.50%
9 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	0.95%
10 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.10%
12 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.15%
13 months		0.25%
15 months	Sing Investments & Finance Fixed Deposit Interest Rate	0.30%
18 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.30%
24 months	MayBank SGD Fixed Deposit Interest Rate	1.0%
36 months	MayBank SGD Fixed Deposit Interest Rate	1.5%

Best interest rate for Fixed Deposit S$5000 <= Deposit Amount <S$10,000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.25%
2 months	State Bank Of India SGD Fixed Deposit Interest Rate	0.25%
3 months	Maybank SGD iSAVvy Time Deposit Interest Rate	0.45%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
6 months	Maybank SGD Fixed Deposit Interest Rate	0.55%
9 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	0.95%
10 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.10%
12 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.15%
13 months		0.25%
15 months	OCBC Fixed Deposit Interest Rate	1.25%
16 months	OCBC Fixed Deposit Interest Rate	0.40%
18 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.30%
24 months	Maybank SGD iSAVvy Time Deposit Interest Rate	1.2%
36 months	OCBC SGD Fixed Deposit Interest Rate	1.55%

Best interest rate for Fixed Deposit S$10,000 <= Deposit Amount <S$20,000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.25%
2 months	State Bank Of India SGD Fixed Deposit Interest Rate	0.25%
3 months	Maybank SGD iSAVvy Time Deposit Interest Rate	0.45%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
6 months	Maybank SGD Fixed Deposit Interest Rate	0.55%
9 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	0.95%
10 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.10%
12 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.15%
13 months		0.25%
15 months	OCBC Fixed Deposit Interest Rate	1.25%
16 months	OCBC Fixed Deposit Interest Rate	0.40%
18 months	DBS / POSB Bank SGD Fixed Deposit Interest Rate	1.30%
24 months	Maybank SGD iSAVvy Time Deposit Interest Rate	1.2%
36 months	OCBC SGD Fixed Deposit Interest Rate	1.55%

Best interest rate for Fixed Deposit S$20,000 <= Deposit Amount <S$25,000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.25%
2 months	State Bank Of India SGD Fixed Deposit Interest Rate	0.25%
3 months	Maybank SGD iSAVvy Time Deposit Interest Rate	0.45%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
6 months	Maybank SGD Fixed Deposit Interest Rate	0.55%
9 months	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.65%
10 months	UOB Bank SGD Fixed Deposit Promotional Interest Rate	0.65%
12 months	Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate	0.85%
13 months		0.90%
15 months	Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate	0.25%
16 months	OCBC Fixed Deposit Interest Rate	0.40%
18 months	Sing Investment & Finance Promotional SGD Fixed Deposit Interest Rate	0.80%
24 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.2%
36 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.50%

Best interest rate for Fixed Deposit S$25,000 <= Deposit Amount <S$50,000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.25%
2 months	State Bank Of India SGD Fixed Deposit Interest Rate	0.25%
3 months	Maybank SGD iSAVvy Time Deposit Interest Rate	0.45%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.25%
6 months	Maybank SGD Fixed Deposit Interest Rate	0.55%
9 months	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.65%
10 months	UOB Bank SGD Fixed Deposit Promotional Interest Rate	0.55%
12 months	Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate Maybank SGD iSAVvy Time Deposit Interest Rate & Maybank SGD Time Deposit	0.85%
13 months		0.80%
15 months	Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate	0.25%
16 months	OCBC Fixed Deposit Interest Rate	0.40%
18 months	Sing Investment & Finance Promotional SGD Fixed Deposit Interest Rate	0.80%
24 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.2%
36 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.50%

Best interest rate for Fixed Deposit more than S$50,000

Tenure(Months)	Bank	Interest Rate
1 month	ICBC Bank SGD Fixed Deposit Interest Rate Via E- Banking	0.25%
2 months	State Bank Of India SGD Fixed Deposit Interest Rate Bank Of East Asia SGD Fixed Deposit Interest Rate CIMB SGD Fixed Deposit Interest Rate	0.25% (*SBI / BEA) 0.30% (Minimum S$100k for CIMB)
3 months	Maybank SGD iSAVvy Time Deposit Interest Rate	0.45%
4 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.375%
5 months	Bank Of East Asia SGD Fixed Deposit Interest Rate	0.375%
6 months	Maybank SGD Fixed Deposit Interest Rate	0.55%
9 months	Standard Chartered SGD Fixed Deposit Interest Rate	0.50%
10 months	UOB Bank SGD Fixed Deposit Promotional Interest Rate	0.55%
12 months	Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate Maybank SGD iSAVvy Time Deposit Interest Rate & Maybank SGD Time Deposit	0.85%
13 months		0.80%
15 months	Standard Chartered SGD Fixed Deposit Interest Rate	0.7%
16 months	OCBC Fixed Deposit Interest Rate	0.40%
18 months	Standard Chatered SGD Fixed Deposit Interest Rate	0.7%
24 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.2%
36 months	Maybank SGD Fixed / Maybank iSAVvy Time Deposit Interest Rate	1.50%

Short Term Fixed Deposit Tenor ( From 1 Month to 5 Month ) Offer by 17 Banks in Singapore.

Check out the Best Singapore Fixed Deposit Interest Rates ( Updated Oct /2020 ) by Referring the Table below

NO	Banks Name	Fixed Deposit Plan	Deposit Amount	Interest By Month					Premature Withdraw Fee	Other Criteria
NO	Banks Name	Fixed Deposit Plan	Deposit Amount	1	2	3	4	5	Premature Withdraw Fee	Other Criteria
1		CIMB SGD FIXED DEPOSIT RATES	S$5000 To S$99,999	0.20%	0.25%	0.30%			Yes
		CIMB SGD FIXED DEPOSIT RATES	S$100,000 Above	0.20%	0.30%	0.35%			Yes
		CIMB SGD Islamic Fixed Rate	S$5000 Above	0.10%	0.10%	0.10%			Yes
		CIMB Renminbi Offshore	RMB 10,000						Yes
			RMB 50,000						Yes
			RMB 100,000						Yes
			RMB 250,000						Yes
2		ICBC SGD FIXED DEPOSIT (Fresh Fund)	S$500 & Above ( Over the Counter)	0.20%		0.20%			No
		ICBC SGD FIXED DEPOSIT (Fresh Fund)	S$500 & Above (E-Banking)	0.25%		0.25%			No
		ICBC SGD FIXED DEPOSIT (Non Fresh Fund)	S$500 to S$5000	0.20%		0.20%			No
			S$5000 to S$200,000	0.20%		0.20%			No
			S$200,000 Above	0.20%		0.20%			No
		ICBC Renminbi (RMB) Fixed Deposit (Fresh Fund)	RMB 10000 to RMB 50000						No
		ICBC Renminbi (RMB) Fixed Deposit (Fresh Fund)	RMB50000 Above						No
		ICBC Renminbi (RMB) Fixed Deposit (Non Fresh Fund)	RMB 10000 to RMB 50000						No
		ICBC Renminbi (RMB) Fixed Deposit (Non Fresh Fund)	RMB 50000 Above						No
		ICBC US Dollar Fixed Deposit ( Fresh Fund)	USD 500 Above						No
		ICBC US Dollar Fixed Deposit (Non Fresh Fund)	USD 500 Above						No
		ICBC US Dollar Fixed Deposit (Non Fresh Fund)	USD 100,000 Above						No
3		RHB SGD FIXED DEPOSIT	S$1000 to S$50,000			0.3125%			Yes
			S$50000 to S$499,999			0.35%			Yes
			S$500000 Above			0.35%			Yes
4		MayBank SGD FIXED DEPOSIT	S$1000 to S$50,000	0.20% Minimum ( S$10,000)		0.35%
			S$50001 to S$99,999	0.20%		0.35%
			S$100000 to S$249,999	0.20%		0.35%
			S$250000 to S$999,999	0.20%		0.35%
		MayBank iSAVvy Time Deposit	S$5,000 to S$24,999			0.45%
			S$25,000 to S$50,000			0.45%
			S$50,001 to S$249,999			0.45%
			S$250,000 to S$1,000,000			0.45%
5		DBS SGD FIXED DEPOSIT	S$1000 to S$9,999	0.05%	0.05%	0.15%	0.15%	0.15%
			S$10000 to S$19,999	0.05%	0.05%	0.15%	0.15%	0.15%
			S$20000 Above	0.05%	0.05%	0.05%	0.05%	0.05%
6		POSB SGD FIXED DEPOSIT	S$1000 to S$9,999	0.05%	0.05%	0.15%	0.15%	0.15%
			S$10000 to S$19,999	0.05%	0.05%	0.15%	0.15%	0.15%
			S$20000 Above	0.05%	0.05%	0.05%	0.05%	0.05%
7		UOB SGD FIXED DEPOSIT	S$5,000 Above	0.05%	0.05%	0.05%	0.05%	0.05%		UOB is not accepting any new fixed deposit for tenor of 12 months and above effect 01/08/20
7		UOB Fixed Deposit Promotion (Till 30 Oct 20 )
8		OCBC SGD FIXED DEPOSIT	S$5,000 To S$20,000	0.05%	0.05%	0.10%	0.10%	0.10%
		OCBC SGD FIXED DEPOSIT	S$20000 Above	0.05%	0.05%	0.10%	0.10%	0.10%
		OCBC Promotional SGD Fixed Deposit(Updated Oct 20)
9		Hong Leong Finance SGD FIXED DEPOSIT Normal Rate	$$<= S$50,000	0.05%	0.05%	0.10%	0.10%	0.10%
		Hong Leong Finance SGD FIXED DEPOSIT Normal Rate	More Than S$50,000	0.15%	0.15%	0.30%	0.30%	0.30%
		Hong Leong Finance SGD FIXED DEPOSIT Senior Citizen Rate)	$$<= S$50,000	0.05%	0.05%	0.10%	0.10%	0.10%
		Hong Leong Finance SGD FIXED DEPOSIT Senior Citizen Rate)	More Than S$50,000	0.15%	0.15%	0.30%	0.30%	0.30%
		Hong Leong Finance Promotional SGD Fixed Deposit(Updated Oct 2020)	S$20,000 Above
10		Hong Leong Bank SGD FIXED DEPOSIT	Minimum S$50,000	0.10%		0.20%
10		Hong Leong Bank SGD FIXED DEPOSIT	Hong Leong Bank Promotional SGD Fixed Deposit(NA)
11		Standard Chartered Bank SGD FIXED DEPOSIT	Minimum S$50,000	0.05%		0.10%
11		Standard Chartered Bank SGD FIXED DEPOSIT	Standard CharteredBank Promotional SGD Fixed DepositTill 30 Oct 2020 Minimum S$25,000 & above
12		citibank SGD FIXED DEPOSIT	Minimum S$10,000	0.05%	0.08%	0.08%
12		citibank SGD FIXED DEPOSIT	citibank Promotional SGD Fixed Deposit(NA)	0.05%	0.08%	0.08%
13		HSBC SGD FIXED DEPOSIT	Personal Banking Interest Rates Minimum S$5,000	0.05%		0.10%
			HSBC Personal/Advance Interest Rates SGD Fixed Deposit (NA)	0.05%		0.10%
			HSBC Premier Interest Rates SGD Fixed Deposit (NA)	0.08%		0.13%
			HSBC Jade Interest Rates SGD Fixed Deposit (NA)	0.13%		0.18%
			HSBC Promotional SGD Fixed Deposit (NA) Current Oct 2020 only f0r 3 months Deposit Minimum Deposit S$30,000 to S$1,200,000			0.30%
14		Bank Of East Asia SGD FIXED DEPOSIT	S$1000 to S$49,999	0.125%	0.125%	0.25%	0.25%	0.25%
		Bank Of East Asia SGD FIXED DEPOSIT	S$50,000 t0 S$499,999	0.25%	0.25%	0.375%	0.375%	0.375%
		Bank Of East Asia Promotional SGD Fixed Deposit(NA)
15		SING INVESTMENTS SGD FIXED DEPOSIT	< S$50,000	0.05%		0.10%
		SING INVESTMENTS SGD FIXED DEPOSIT	> S$50,000	0.10%		0.15$
		SING INVESTMENTS Promotional SGD Fixed Deposit Minimum S$1000
16		Bank Of China SGD FIXED DEPOSIT	S$5,000 to $S499,999	0.275%		0.30%
		Bank Of China SGD FIXED DEPOSIT	S$500,000 Above	0.325%		0.35%
		Bank Of China Promotional SGD Fixed Deposit (NA)
17		State Bank Of India SGD FIXED DEPOSIT	S$5,000 to $S49,999	0.10%	0.25%	0.35%
		State Bank Of India SGD FIXED DEPOSIT	S$50,000 Above	0.20%	0.20%	0.30%
		State Bank Of India Promotional SGD Fixed Deposit (NA)

Long Term Fixed Deposit Tenor ( From 6 Month to 36 Month ) Offer by 17 Banks in Singapore.

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Check out the Best Singapore Fixed Deposit Interest Rates ( Updated Oct /2020 ) by Referring the Table below

NO	Banks Name	Fixed Deposit Plan	Deposit Amount	Interest By Month											Premature Withdraw Fee	Other Criteria
NO	Banks Name	Fixed Deposit Plan	Deposit Amount	6	9	10	12	13	14	15	16	18	24	36	Premature Withdraw Fee	Other Criteria
1		CIMB SGD FIXED DEPOSIT RATES	S$1000 To S$99,999	0.3%	0.3%		0.3%						0.3%		Yes
		CIMB SGD FIXED DEPOSIT RATES	S$100,000 Above	0.35%	0.35%		0.35%						0.35%		Yes
		CIMB SGD Islamic Fixed Rate	S$1000 Above	0.10%	0.10%		0.10%						0.10%		Yes
		CIMB Renminbi (Offshore)	RMB 10,000	1.99%			2.40%						NA		Yes
			RMB 50,000	2.12%			2.53%						NA		Yes
			RMB 100,000	2.24%			2.65%						NA		Yes
			RMB 250,000	2.43%			2.84%						NA		Yes
2		ICBC SGD FIXED DEPOSIT (Fresh Fund)	S$500 & Above ( Over the Counter)	0.25%	0.60%		0.70%						NA		No
		ICBC SGD FIXED DEPOSIT (Fresh Fund)	S$500 & Above (E-Banking)	0.30%	0.65%		0.75%						NA		No
		ICBC SGD FIXED DEPOSIT (Non Fresh Fund)	S$500 to S$5000	0.25%	0.60%		0.70%	0.55%					0.60%		No
			S$5000 to S$200,000	0.25%	0.60%		0.70%	0.55%					0.60%		No
			S$200,000 Above	0.25%	0.60%		0.70%	0.55%					0.60%		No
		ICBC Renminbi (RMB) Fixed Deposit (Fresh Fund)	RMB 10000 to RMB 50000										NA		No
		ICBC Renminbi (RMB) Fixed Deposit (Fresh Fund)	RMB50000 Above										NA		No
		ICBC Renminbi (RMB) Fixed Deposit (Non Fresh Fund)	RMB 10000 to RMB 50000										NA		No
		ICBC Renminbi (RMB) Fixed Deposit (Non Fresh Fund)	RMB 50000 Above										NA		No
		ICBC US Dollar Fixed Deposit ( Fresh Fund)	USD 500 Above										NA		No
		ICBC US Dollar Fixed Deposit (Non Fresh Fund)	USD 500 Above										NA		No
		ICBC US Dollar Fixed Deposit (Non Fresh Fund)	USD 100,000 Above										NA		No
3		RHB SGD FIXED DEPOSIT	S$1000 to S$50,000	0.375%	0.40%		0.45%					0.75%	0.85%	1.00%	Yes
			S$50000 to S$499,999	0.40%	0.45%		0.50%					0.75%	0.85%	1.00%	Yes
			S$500000 Above	0.40%	0.50%		0.60%					0.78%	0.85%	1.00%	Yes
4		MayBank SGD FIXED DEPOSIT	S$1000 to S$50,000	0.40%			0.70%						1.0%	1.5%
			S$50001 to S$99,999	0.40%			0.70%						1.0%	1.5%
			S$100000 to S$249,999	0.45%			0.70%						1.0%	1.5%
			S$250000 to S$999,999	0.50%			0.75%						1.1%	1.5%
		MayBank iSAVvy Time Deposit	S$5,000 to S$24,999	0.55%
			S$25,000 to S$50,000	0.55%			0.85%						1.20%	1.50%
			S$50,001 to S$249,999	0.55%			0.85%						1.20%	1.50%
			S$250,000 to S$1,000,000	0.55%			0.85%						1.20%	1.50%
5		DBS SGD FIXED DEPOSIT	S$1000 to S$9,999	0.20%	0.95%	1.10%	1.15%					1.30%	0.90%	0.85%
			S$10000 to S$19,999	0.20%	0.95%	1.10%	1.15%					1.30%	0.90%	0.85%
			S$20000 Above	0.05%	0.05%	0.05%	0.05%					0.05%	0.05%	0.05%
6		POSB SGD FIXED DEPOSIT	S$1000 to S$9,999	0.20%	0.95%	1.10%	1.15%					1.30%	0.90%	0.85%
			S$10000 to S$19,999	0.20%	0.95%	1.10%	1.15%					1.30%	0.90%	0.85%
			S$20000 Above	0.05%	0.05%	0.05%	0.05%					0.05%	0.05%	0.05%
7		UOB SGD FIXED DEPOSIT	S$5,000 Above	0.05%	0.10%	0.15%	0.15%	0.20%	1.15%	1.15%		1.15%	1.15%	1.15%		UOB is not accepting any new fixed deposit for tenor of 12 months and above effect 01/08/20
7		UOB Fixed Deposit Promotion (Till 30 Oct 20 )	Minimum S$20,000			0.55%
8		OCBC SGD FIXED DEPOSIT	S$5,000 To S$20,000	0.15%			0.25%		0.35%	1.25%	0.40%	0.40%	0.40%	1.55%
		OCBC SGD FIXED DEPOSIT	S$20000 Above	0.15%			0.25%		0.35%	0.40%	0.40%	0.40%	0.40%	0.40%
		OCBC Promotional SGD Fixed Deposit(Updated Oct 20)	S$20,000 Above				0.50%
9		Hong Leong Finance SGD FIXED DEPOSIT Normal Rate	$$<= S$50,000	0.15%	0.15%	0.15%	0.25%	0.25%		0.25%		0.30%	0.30%	0.30%
		Hong Leong Finance SGD FIXED DEPOSIT Normal Rate	More Than S$50,000	0.40%	0.40%	0.45%	0.50%	0.50%		0.55%		0.55%	0.60%	0.65%
		Hong Leong Finance SGD FIXED DEPOSIT Senior Citizen Rate)	$$<= S$50,000	0.15%	0.15%	0.15%	0.375%	0.375%		0.375%		0.425%	0.425%	0.425%
		Hong Leong Finance SGD FIXED DEPOSIT Senior Citizen Rate)	More Than S$50,000	0.40%	0.40%	0.45%	0.50%	0.50%		0.55%		0.55%	0.60%	0.65%
		Hong Leong Finance Promotional SGD Fixed Deposit(Updated Oct 20)	S$20,000 Above				0.80%/ 0.85%freash fund via online
10		Hong Leong Bank SGD FIXED DEPOSIT	Minimum S$50,000	0.30%			0.50%
10		Hong Leong Bank SGD FIXED DEPOSIT	Hong Leong Bank Promotional SGD Fixed Deposit(NA)
11		Standard Chartered Bank SGD FIXED DEPOSIT	Minimum S$50,000	0.15%	0.50%		0.55%			0.7%		0.7%	0.7%	0.72%
11		Standard Chartered Bank SGD FIXED DEPOSIT	Standard CharteredBank Promotional SGD Fixed DepositTill 31 Oct 2020 Minimum S$25,000 & above	0.2% ( Normal ) 0.3%( Priority Banking)
12		citibank SGD FIXED DEPOSIT	Minimum S$10,000	0.10%			0.10%						0.10%	0.10%
12		citibank SGD FIXED DEPOSIT	citibank Promotional SGD Fixed Deposit(NA)
13		HSBC SGD FIXED DEPOSIT	Personal Banking Interest Rates Minimum S$5,000	0.10%			0.25%						1.1%
			HSBC Personal/Advance Interest Rates SGD Fixed Deposit (NA)	0.15%			0.25%						1.1%
			HSBC Premier Interest Rates SGD Fixed Deposit (NA)	0.18%			0.28%						1.1%
			HSBC Jade Interest Rates SGD Fixed Deposit (NA)	0.18%			0.33%						1.1%
			HSBC Promotional SGD Fixed Deposit (NA) Current Oct 2020 only fro 3 months Deposit
14		Bank Of East Asia SGD FIXED DEPOSIT	S$1000 to S$49,999	0.375%	0.50%	0.50%	0.625%					0.75%	0.875%
		Bank Of East Asia SGD FIXED DEPOSIT	S$50,000 t0 S$499,999	0.50%	0.625%	0.625%	0.75%					0.75%	0.875%
		Bank Of East Asia Promotional SGD Fixed Deposit(NA)	NA
15		SING INVESTMENTS SGD FIXED DEPOSIT	< S$50,000	0.15%	0.20%		0.25%			0.3%		0.30%
		SING INVESTMENTS SGD FIXED DEPOSIT	> S$50,000	0.20%	0.25%		0.30%			0.35%		0.35%
		SING INVESTMENTS Promotional SGD Fixed Deposit Minimum S$1000										0.9%
16		Bank Of China SGD FIXED DEPOSIT	S$5,000 to $S499,999	0.40%	0.50%		0.6%						0.65%	0.7%
		Bank Of China SGD FIXED DEPOSIT	S$500,000 Above	0.45%	0.55%		0.65%						0.65%	0.7%
		Bank Of China Promotional SGD Fixed Deposit (NA)
17		State Bank Of India SGD FIXED DEPOSIT	S$5,000 to $S49,999	0.35%	0.45%		0.6%						0.95%	1.10%
		State Bank Of India SGD FIXED DEPOSIT	S$50,000 Above	0.45%	0.60%		0.70%						1.0%	1.15%
		State Bank Of India Promotional SGD Fixed Deposit (NA)

Complete Fixed Deposit 2020 Guide

What is a Fixed Deposit ?

Fixed Deposit is an Account where you need to place your Fund into a Bank Account in a designated or required amount of Time.
You are not allowed to withdraw the fund within the Contract placement time.
At the end of your Fixed Deposit Contract time , the stated interest rate in your Fixed Deposit Account will be credited to you

How Fixed Deposit Works ?

Like any other Savings Account, Fixed Deposit will pay you interests when you deposit money into the Account.
The Difference between Fixed Deposit and Normal Saving account is , you are not allowed to withdraw money before the term Maturity stated in your Fixed deposit contract .
Interest rate paid by fixed deposit , is determined by the Tenor period. The Longer the tenor , the more interest payout.

Am I Allow to Top Up my Current Fixed Deposit Account ?

No you can’t do so , the amount in your current fixed Deposit Account remain as it is until maturity
You can only open a new Fixed Deposit account , interests rate might differ base on the current interest rate offer by banks at that time.

Am I Allow to withdraw money from my Current Fixed Deposit Account ?

Yes you can , but that might cost you early withdrawal fees and lost of interest
In Singapore , Bank do not charge any fees when the withdrawal is made within 30 days after the opening of the account.
Terms and Condition Subjected to different Bank FD policies

Do I need to pay taxeson my Fixed Deposit Account ?

You don’t need to pay tax on the Interests received from Your Fixed Deposit Offered by approved bank and financial institution.

I am a foreigner can i open a fixed deposits Account?

Yes definitely , you just need to provide the below
Passport , proof of Address , Work Pass ( Work Permit / S Pass / E Pass / Dependent Pass / Student Pass / Long Term Visit Pass etc ) which ever applied

How Do I Open a Fixed Deposit Account?

Eligibility

Age 18 years old and above
Singapore Citizen , Singapore Permanent Resident , Foreigner with valid Work Pass and Long-term Pass

Documents Required

For Singaporean / Permanent Residence / Foreigner ( Proof of Address) can be utility bill, Hand Phone Bill , Bank Statements etc )
For Foreigner ( Passport Work Permit / S Pass / E Pass / Dependent Pass / Student Pass / Long Term Visit Pass etc ) which ever applied

Resources

Fixed Deposit Interest Rate

CIMB BANK Fix Deposit Board Rate
ICBC BANK Fix Deposit Board Rate
RHB BANK Fix Deposit Board Rate
Maybank Fix Deposit Board Rate
DBS Bank Fix Deposit Board Rate
POSB Bank Fix Deposit Board Rate
UOB Bank Fix Deposit Board Rate
OCBC Bank Fix Deposit Board Rate
Hong Leong Finance Deposit Board Rate
Hong Leong Bank Fixed Deposit Board Rate
Standard Chartered Fixed Deposit Board Rate
citibank Fixed Deposit Board Rate
HSBC Fixed Deposit Board Rate
Bank Of East Asia Board Rate
Bank Of China Fixed Deposit Board Rate
State Bank Of India Fixed Deposit Board Rate

Best Fixed Deposit Accounts Singapore – CreatifWerks (2024)

FAQs

Which bank is best for Fixed deposits in Singapore? ›

Best fixed deposit rates in Singapore

Bank	Tenure	Interest rate per annum
RHB	3 months	3.25%
	6 months	3.25%
	12 months	3.00%
Standard Chartered	6 months	3.00%

30 more rows

2 days ago

Read On ›

Is a fixed deposit better than a savings account in Singapore? ›

Term. A fixed deposit account has a specific term or period, usually ranging from a few months to several years. The interest rate is fixed for the entire term, and there is usually a penalty for early withdrawal. In contrast, savings accounts have no fixed term and allow for unlimited withdrawals.

Discover More Details ›

Is fixed deposit in Singapore safe? ›

Some banks such as RHB make the process even easier by letting you open an account with their mobile app– RHB Mobile SG. Fixed Deposits are a safe and stable option. As interest rates are fixed, your investment won't be affected by market fluctuations.

Which bank is offering the highest FD rates? ›

Filters

Bank Name	Highest Interest rate	Tenure
Unity Small Finance Bank	9%	1001 days
Suryoday Small Finance	8.65%	2 years 2 days
Ujjivan Small Finance Bank	8.50%	15 months
Jana Small Finance Bank	8.50%	365 days

2 more rows

4 days ago

See Details ›

Does DBS Singapore have fixed deposits for senior citizens? ›

DBS Bank senior citizens will be eligible for a maximum interest rate of 8%, while regular citizens will pay 7.50%. The new rates are effective from February 23, 2023.

Find Out More ›

What banks are trusted in Singapore? ›

List of Top 11 Banks in Singapore

Revolut.
DBS Group.
Overseas Chinese Banking Corporation.
United Overseas Bank.
Bank of Singapore.
Citibank Singapore.
CIC Singapore.
HSBC Singapore.

More items...

Mar 19, 2024

Tell Me More ›

Can foreigners place fixed deposit in Singapore? ›

Interest Rates and Returns

When it comes to fixed deposits in Singapore, interest rates can vary depending on the bank and the amount of money you deposit. As a foreigner, you can still open a fixed deposit account in Singapore and enjoy the benefits of competitive interest rates.

Show Me More ›

Are fixed deposits insured in Singapore? ›

A: The DI limit of S$100,000 is applied on a per depositor per Scheme member basis. The deposits in your savings account and fixed deposit account with Bank A will be aggregated and covered up to S$100,000. Only trust and client accounts are separately insured on a per account basis.

Explore More ›

What is the OCBC fixed deposit rate? ›

Time Deposit (Fixed Deposit) Rates

SGD Time Deposit Rate
Currency	Tenure (months)	Promotion interest rate a year
Singapore Dollar	6	2.50%
Singapore Dollar	6	2.80%
Singapore Dollar	12	2.80%

4 more rows

Is Singapore fixed deposit taxable? ›

Interest received from the following sources is not taxable: Deposits with approved banks in Singapore; Deposits with finance companies licensed in Singapore; Debt securities (e.g. bonds) – but not if these are (i) owned by a partnership or (ii) inventory of a trading business; and.

Show Me More ›

Where to put spare cash in Singapore? ›

Where should you keep your emergency fund?

High-interest savings account. ...
Singapore Savings Bond. ...
Singapore Treasury Bills (T-bills) ...
Insurance savings plans. ...
Cash management accounts.

Feb 6, 2024

Read The Full Story ›

Which is the safest bank for fixed deposits? ›

HDFC Bank is often listed as the best FD scheme to invest in India.

See Details ›

Which bank is best for FD for senior citizens? ›

Top 5 banks offering highest interest rates on FDs:

HDFC Bank. HDFC Bank offers 7.10 percent to senior citizens on deposits of one year to 15 months. ...
ICICI Bank. ICICI Bank offers interest in the range of 7 to 7.25 per cent depending on the tenure. ...
State Bank of India. ...
Bank of Baroda.

Feb 2, 2024

Get More Info Here ›

Which bank gives 9 percent interest? ›

Unity Small Finance Bank offers FD interest rates ranging from 4.50% to 9% for tenures maturing between 7 days and 10 years to general citizens. The highest interest rate of 9% is offered on FDs maturing in 1001 Days. The rates are effective from October 9, 2023.

Which bank gives 8% interest? ›

Here are top banks' fixed deposit interest rates for tenures ranging from 1 – 3 years.

Bank Name	Highest interest rate (%)	1-3 years
Bandhan Bank	7.85	7.45% -7.85%
DCB Bank	8.00	7.15% to 8%
Federal Bank	7.50	6.80%- 7.50%
HDFC Bank	7.25	6.60%-7.25%

13 more rows

Apr 4, 2024

Which is the best bank to open fixed deposit account? ›

Best FD Interest Rates in India 2024

Name	Bank / NBFC	Regular FD Rates
Union Bank	Bank	7.25%
Citibank	Bank	7.20%
RBL Bank	Bank	8.10%
Indian Bank	Bank	7.25%

13 more rows

View Details ›

What is the rate of US fixed deposit in Singapore? ›

DBS USD Fixed Deposit Rates

Period 1-month (US$5,000 - US$100,000): 5.00% p.a. Period 3-month (US$5,000 - US$100,000: 4.90% p.a. Period 6-month (US$5,000 - US$100,000): 4.53% p.a. Period 12-month (US$5,000 - US$100,000): 4.13% p.a.

What is the strongest bank in Singapore? ›

DBS. Formerly known as the Development Bank of Singapore, DBS is the biggest bank in the country. It's also one of the largest in Southeast Asia. DBS also offers SME and corporate banking services, wealth management and private banking.

Learn More ›

Which is safest bank for fixed deposit? ›

HDFC Bank is often listed as the best FD scheme to invest in India.

Discover More Details ›

Best Fixed Deposit Accounts Singapore – CreatifWerks (2024)

Best Fixed Deposit Comparison Calculator

Best Fixed Deposit Rates Promotion in October 2020.

Best Fixed Deposit Rates in September 2020. By Tenor ( 1 Month to 36 Month )

I have done All the Hard work 💪💪 on your behalf

Best interest rate for Fixed Deposit belowS$1000

Best interest rate for Fixed Deposit S$1000 <= Deposit Amount <S$5000

Best interest rate for Fixed Deposit S$5000 <= Deposit Amount <S$10,000

Best interest rate for Fixed Deposit S$10,000 <= Deposit Amount <S$20,000

Best interest rate for Fixed Deposit S$20,000 <= Deposit Amount <S$25,000

Best interest rate for Fixed Deposit S$25,000 <= Deposit Amount <S$50,000

Best interest rate for Fixed Deposit more than S$50,000

Short Term Fixed Deposit Tenor ( From 1 Month to 5 Month ) Offer by 17 Banks in Singapore.

Long Term Fixed Deposit Tenor ( From 6 Month to 36 Month ) Offer by 17 Banks in Singapore.

Complete Fixed Deposit 2020 Guide

What is a Fixed Deposit ?

How Fixed Deposit Works ?

Am I Allow to Top Up my Current Fixed Deposit Account ?

Am I Allow to withdraw money from my Current Fixed Deposit Account ?

Do I need to pay taxeson my Fixed Deposit Account ?

I am a foreigner can i open a fixed deposits Account?

How Do I Open a Fixed Deposit Account?

Eligibility

Documents Required

Resources

FAQs

Which bank is best for Fixed deposits in Singapore? ›

Where to put spare cash in Singapore? ›