Best Fixed Deposit Rates in Singapore 2020

Get more interest on your money with the best fixed deposit rates promotion in October 2020.

Is the majority of your cash still in a savings account? earning peanuts interest?

Time to shift them to the best fixed deposit rates in Singapore.

Why FD?

  • Pays you a fixed rate of interest until a given maturity date
  • The interest rate is higher than a regular savings account
  • Risk-free guaranteed returns
  • Flexible tenure
  • Easily withdrawable if needed

The FD rates are definitely becoming more attractive with banks offering more time deposit promotions.

Most of the banks require you to deposit fresh funds to qualify for the promotion.

> Use this FD Interest Calculator to calculate the potential interest.

Take your time to go through the latest list of FD interest rates offered by the banks today to find the highest fixed deposit rates that suit you

Best Fixed Deposit Rates By Tenor

  • 1-Month: 0.25% p.a. (ICBC)
  • 3-Month: 0.30% p.a. (HSBC)
  • 6-Month: 0.30% p.a. (ICBC)
  • 8-Month: NA
  • 9-Month: 0.65% p.a. (ICBC)
  • 10-Month: 0.55% p.a. (UOB)
  • 12-Month: 0.78% p.a. (Hong Leong Finance)
  • 13-Month: NA
  • 24-Month: 0.90% p.a. (Sing Investment & Finance)

Singapore Fixed Deposit Promotion October 2020

Standard Chartered SGD Fixed Deposit

Get 0.20% p.a. (6-month) with Standard Chartered time deposit!

If you are their priority banking customer, you can get a preferential rate of 0.60% p.a.

The minimum placement is S$25,000.

Promotional rates: Until 31/10/20

See board rates.

Placement Amount
Tenor
Promotional Rate
Priority Banking Preferential Rate
Minimum S$25,000
6-Month
0.20% p.a.
0.30% p.a.

UOB SGD Fixed Deposit

Get 0.55% p.a. (10-month) with UOB FD!

The minimum placement is S$20,000.

Promotional rates: Until 31/10/20

Check out the board rates.

Placement Amount
Tenor
Interest Rate
Minimum S$20,000
10-Month
0.55% p.a.

HSBC SGD Time Deposit

Get 0.30% p.a. (3-month) with HSBC FD!

The minimum placement is S$30,000 and maximum placement is S$1,200,000.

Promotional rates: Until 31/10/20

See HSBC board rates.

Placement Amount
Tenor
HSBC Premier Customers
HSBC Advance Customers
HSBC Personal Banking Customers
S$30,000 to S$1,200,000
3-Month
0.30% p.a.
0.30% p.a.
0.30% p.a.
Best Fixed Deposit Rates in Singapore 2020 3

ICBC Fixed Deposit

Get up to 0.75% p.a. (12-month) with ICBC FD when the placement is done via e-banking!

The minimum placement is S$500.

Promotional rates: Subjected to changes.

See ICBC board rates.

Placement Amount
1-Month
3-Month
6-Month
9-Month
12-Month
S$500 and above (OTC)
0.25% p.a.
0.25% p.a.
0.25% p.a.
0.60% p.a
0.70% p.a.
S$500 and above
(E-banking)
0.25% p.a.
0.25% p.a.
0.30% p.a.
0.65% p.a.
0.75% p.a.

Hong Leong Finance FD

Get 0.78% p.a. (12-month) with HLF FD for fresh funds via online & PayNow!

The minimum placement is S$20,000.

Promotional rates: Subjected to changes.

See HLF board rates.

Placement Amount
Tenor
Interest Rate
S$20,000 and above (OTC)
12-Month
0.75% p.a.
S$20,000 and above (Online)
12-Month
0.78% p.a.

Maybank iSAVvy Fixed Deposit

Maybank is not having any promotion currently.

View Maybank FD board rates.

Placement Amount
Tenor
Interest Rate

OCBC FD

Get 0.55% p.a. (12-month) with OCBC fixed deposit promotion!

The minimum placement is S$20,000.

Promotional rates: Subjected to changes.

Check out the board rates.

Placement Amount
Tenor
Interest Rate
Minimum S$20,000
12-Month
0.50% p.a.

Sing Investment & Finance (SIF)

Get up to 0.90% p.a. (24-month) with Sing Investment deposit promotion!

The minimum placement is S$1,000.

Promotional rates: Subjected to changes.

See board rates.

Placement Amount
Tenor
Interest Rate
S$1,000
24-Month
0.90% p.a.

State Bank Of India Singapore FD

SBI is not having any promotion currently.

You can view their board rates here.

Placement Amount
Tenor
Interest Rate

CIMB SGD Fixed Deposit

CIMB is currently not having any SGD FD promotions.

You can see their normal FD rates here.

Placement Amount
Tenor
Interest Rate

RHB SGD Fixed Deposit

RHB is not having any FD promotion currently.

See the latest board rates here.

Placement Amount
Tenor
Interest Rate

Bank Of China Singapore Fixed Deposit

BOC is not having any FD promotion currently.

Check the latest fixed deposit rates here.

Placement Amount
Tenor
Interest Rate

POSB/DBS Fixed Deposit

POSB/DBS is not having any FD promotion currently.

Check the latest fixed deposit rates here.

Placement Amount
Tenor
Interest Rate

Singapura Finance Fixed Deposit

Singapura Finance is not having any FD promotion currently.

Check the latest fixed deposit rates here.

Placement Amount
Tenor
Interest Rate

Bank of East Asia Fixed Deposit

Bank of East Asia is not having any FD promotion currently.

Check the latest fixed deposit rates here.

Placement Amount
Tenor
Interest Rate

HL Bank Fixed Deposit

HL Bank is not having any FD promotion currently.

Check the latest fixed deposit rates here.

Placement Amount
Tenor
Interest Rate

Fixed Deposit Interest Rate Comparison

(Note: Please give a moment for the table to load. You can scroll to the right for more tenure using the scrollbar)

Tip: You can do a quick comparison of the interest rates for a particular tenure by using the sort indicator.

Banks/FI Placement Amount 1-Month 3-Month 6-Month 8-Month 9-Month 10-Month 11-Month 12-Month 13-Month 24-Month
POSB/DBS -
CIMB -
UOB Minimum S$20,000 0.55% p.a.
Standard Chartered Minimum S$25,000 0.20% p.a.
HSBC (Premier) S$30,000 to S$1,200,000 0.30% p.a.
HSBC (Advance) S$30,000 to S$1,200,000 0.30% p.a.
HSBC (Advance) S$30,000 to S$1,200,000 0.30% p.a.
HL Bank -
SBI Singapore -
ICBC (Branch) S$500 and above 0.25% p.a. 0.25% p.a. 0.25% p.a. 0.60% p.a. 0.70% p.a.
ICBC (Online) S$500 and above 0.25% p.a. 0.25% p.a. 0.30% p.a. 0.65% p.a. 0.75% p.a.
Hong Leong Finance Minimum S$20,000 0.75% p.a.
Hong Leong Finance Minimum S$20,000 0.78% p.a.
Maybank -
OCBC Minimum S$20,000 0.50% p.a.
Sing Investment & Finance S$1,000 0.90% p.a.
Singapura Finance -
Bank of China -
Bank of East Asia -
RHB -
Banks/FI Placement Amount 1-Month 3-Month 6-Month 8-Month 9-Month 10-Month 11-Month 12-Month 13-Month 24-Month

How To Use The Comparison Table

Best Fixed Deposit Rates in Singapore 2020 4

There are 4 main sections in the table.

  1. Banks/FI
  2. Placement Amount
  3. Tenure

1. Banks/FI

The banks & financial institutions included are:

  • Bank of China
  • Bank of East Asia
  • CIMB
  • HL Bank
  • Hong Leong Finance
  • HSBC
  • ICBC
  • Maybank
  • OCBC
  • POSB/DBS
  • RHB
  • SBI Singapore
  • Sing Investment & Finance
  • Singapura Finance
  • Standard Chartered
  • UOB

Clicking on them brings you directly to their official fixed deposit promotion page.

2. Placement Amount

The minimum deposit required to enjoy the promotional FD rates.

Fresh Funds are often required, not transferred from the bank’s existing savings/current/fixed deposit accounts.

3. Tenure

The current tenure offered are:

  • 3-Month
  • 6-Month
  • 7-Month
  • 10-Month
  • 12-Month
  • 15-Month
  • 24-Month

The most common tenures are 6-Month and 12-Month.

You can click on the sorting arrow to sort the interest rates in ascending or descending order.

Table Navigation

highest fd rates
  • If viewing on a mobile device, tilt the device horizontally to better see the table
  • The banks’ column is fixed to allow for easy viewing
  • Use the horizontal scrollbar to view more tenure period and promotion dates
  • Footer label also allows for easy viewing

I hope this guide helped you to find the highest interest rate for a fixed deposit account in Singapore for 2020. You might be interested in our guide for the highest savings account interest rate.

Remember to visit us again for further updates!

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