Best Fixed Deposit Rates in Singapore 2022

Get more interest on your money with the best fixed deposit rates promotion in January 2022.

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

(Due to the low interest rate environment, the rates of fixed deposit have also been lowered in recent months)

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: 0.15% p.a. (ICBC)
  • 3-Month: 0.40% p.a. (HSBC)
  • 6-Month: 0.50% p.a. (HL Bank)
  • 8-Month: 0.40% p.a. (Standard Chartered)
  • 9-Month: 0.50% p.a. (ICBC/HSBC)
  • 10-Month: 0.50% p.a. (UOB)
  • 12-Month: 0.65% p.a. (CIMB/SBI)
  • 18-Month: 0.75% p.a. (CIMB)
  • 24-Month: 0.80% p.a. (Hong Leong Finance)
  • 36-Month: 0.90% p.a. (Hong Leong Finance)
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Singapore Fixed Deposit Promotion January 2022

Standard Chartered SGD Fixed Deposit

Get 0.40% p.a. (8-month) with Standard Chartered time deposit!

If you are their priority banking customer, you can get a preferential rate of 0.50% p.a.

The minimum placement is S$25,000.

Promotional rates: Until 31/01/22

See board rates.

Placement Amount
Tenor
Promotional Rate
Priority Banking Preferential Rate
Minimum S$25,000
8-Month
0.35% p.a.
0.50% p.a.

UOB SGD Fixed Deposit

Get 0.50% p.a. (10-month) with UOB FD!

The minimum placement is S$20,000.

Promotional rates: Until 31/01/22

Check out the board rates.

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

HSBC SGD Time Deposit

Get up to 0.50% p.a. (9-month) with HSBC FD!

The minimum placement is S$30,000.

Promotional rates: Until 31/01/22

See HSBC board rates.

Placement Amount
Tenor
HSBC Jade Customers
HSBC Premier Customers
HSBC Personal Banking Customers
Minimum S$30,000
3-Month
0.40% p.a.
0.40% p.a.
0.40% p.a.
Minimum S$30,000
9-Month
0.50% p.a.
0.50% p.a.
0.50% p.a.
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ICBC Fixed Deposit

Get up to 0.60% 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)
0.15% p.a.
0.20% p.a.
0.30% p.a.
0.45% p.a
0.55% p.a.
S$500 and above
(E-banking)
0.15% p.a.
0.35% p.a.
0.35% p.a.
0.50% p.a.
0.60% p.a.

Hong Leong Finance FD

Get up to 0.90% p.a. (36-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
12-Month
15-Month
24-Month
36-Month
Minimum S$20,000
0.60% p.a.
0.68% p.a.
0.80% p.a.
0.90% p.a.

Maybank Fixed Deposit

Get 0.50% p.a. (12-month) with Maybank time deposit.

With every S$1,000 deposited into Maybank Current or Savings accounts (minimum S$2,000), you can deposit S$10,000 into Maybank Singapore Dollar Time Deposit accounts (minimum S$20,000).

View Maybank FD board rates.

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

OCBC FD

Get 0.40% 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
0.40% p.a.

Sing Investment & Finance (SIF)

Get up to 0.80% p.a. (36-month) with Sing Investment fixed deposit promotion!

The minimum placement is S$10,000.

Promotional rates: Subjected to changes.

See board rates.

Placement Amount
3-Month
12-Month
24-Month
36-Month
Minimum S$10,000
0.25% p.a.
0.45% p.a.
0.70% p.a.
0.80% p.a.

State Bank Of India Singapore FD

Get 0.65% p.a. (12-month) with SBI fixed deposit promotion.

The minimum placement is S$50,000.

Promotional rates: Subjected to changes.

You can view their board rates here.

Placement Amount
Tenor
Interest Rate
Minimum S$50,000
12-Month
0.65% p.a.

CIMB SGD Fixed Deposit

Get up to 0.75% p.a. (18-month) with CIMB FD deposit promotion!

If you are a CIMB Preferred Banking customer, you can get up to 0.80%p.a.

The minimum placement is S$10,000.

Promotional rates: Until 31/01/22

You can see their normal FD rates here.

Placement Amount
12-Month
24-Month
Minimum S$10,000
0.65% p.a.
0.75% p.a.

RHB SGD Fixed Deposit

Get up to 0.50% p.a. (12-month) with RHB FD deposit promotion!

Promotional rates: Until 31/01/22

See the latest board rates here.

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

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

Get up to 0.50% p.a. (6-month) with HL Bank FD deposit promotion.

Promotional rates: Until 28/02/22

Check the board rates here.

Placement Amount
Tenor
Interest Rate
Minimum S$50,000
6-Month
0.50% p.a.

Fixed Deposit Interest Rate Comparison

Use this table in desktop view for a quick comparison of the interest rates for a particular tenure.

All interest rates indicated below are per annum (p.a.)

Banks/FI Amount 1-Mth 3-Mth 6-Mth 8-Mth 9-Mth 10-Mth 12-Mth 18-Mth 24-Mth 36-Mth
Bank of China
Bank of East Asia
CIMBMin. S$10,000 0.65% 0.75%
HL BankMin. S$50,000 0.50%
Hong Leong FinanceMin. S$20,000 0.60% 0.68% 0.80% 0.90%
HSBC (Jade)Min. S$30,000 0.40% 0.50%
HSBC (Personal)Min. S$30,000 0.40% 0.50%
HSBC (Premier)Min. S$30,000 0.40% 0.50%
ICBC (Branch)S$500 and above 0.15% 0.20% 0.30% 0.45% 0.55%
ICBC (Online)S$500 and above 0.15% 0.35% 0.35% 0.50% 0.60%
MaybankMin. S$20,000 0.50%
OCBCMin. S$20,000 0.40%
POSB/DBS
RHBMin. S$20,000 0.50%
SBI SingaporeMin. S$50,000 0.65%
Sing Investment & FinanceMin. S$10,000 0.25% 0.45% 0.70% 0.80%
Singapura Finance
Standard CharteredMin. S$25,000 0.40%
UOBMin. S$20,000 0.50%
Banks/FI Amount 1-Mth 3-Mth 6-Mth 8-Mth 9-Mth 10-Mth 12-Mth 18-Mth 24-Mth 36-Mth

How To Use The Comparison Table

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:

  • 1-Month
  • 3-Month
  • 6-Month
  • 9-Month
  • 10-Month
  • 12-Month
  • 18-Month
  • 24-Month
  • 36-Month

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

I hope this guide helped you to find the highest interest rate for a fixed deposit account in Singapore for 2021. 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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