Best Fixed Deposit Rates in Singapore 2022

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

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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 becoming more attractive with banks offering more time deposit promotions.

Most 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: 1.45% p.a. (BOC)
  • 3-Month: 2.20% p.a. (HL Bank)
  • 4-Month: 1.50% p.a. (HSBC)
  • 6-Month: 2.45% p.a. (HL Bank)
  • 7-Month: 2.20% p.a. (HSBC)
  • 9-Month: 2.20% p.a. (BOC)
  • 10-Month: 2.40% p.a. (UOB)
  • 12-Month: 2.75% p.a. (HL Bank)
  • 15-Month: 2.45% p.a. (Sing Investment & Finance)
  • 18-Month: 2.57% p.a. (SBI)
  • 24-Month: 2.70% p.a. (RHB)
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Singapore Fixed Deposit Promotion September 2022

Standard Chartered SGD Fixed Deposit

Get 1.80% p.a. (12-month) with Standard Chartered time deposit!

If you are their priority banking customer, you can get a preferential rate of 1.90% p.a.

The minimum placement is S$25,000.

Promotional rates: Until 30/09/22

See board rates.

Placement Amount
Tenor
Promotional Rate
Priority Banking Preferential Rate
Minimum S$25,000
12-Month
1.80% p.a.
1.90% p.a.

UOB SGD Fixed Deposit

Get 2.60% p.a. (12-month) with UOB FD!

The minimum placement is S$20,000.

Promotional rates: Until 30/09/22

Check out the board rates.

Placement Amount
Tenor
Interest Rate
Minimum S$20,000
10-Month
2.40% p.a.
Minimum S$20,000
12-Month
2.60% p.a.

HSBC SGD Time Deposit

Get up to 2.50% p.a. (12-month) with HSBC FD!

The minimum placement is S$30,000.

Promotional rates: Until 30/09/22

See HSBC board rates.

Placement Amount
Tenor
HSBC Jade Customers
HSBC Premier Customers
HSBC Personal Banking Customers
Minimum S$30,000
4-Month
1.50% p.a.
1.50% p.a.
1.50% p.a.
Minimum S$30,000
7-Month
2.20% p.a.
2.20% p.a.
2.20% p.a.
Minimum S$30,000
12-Month
2.50% p.a.
2.50% p.a.
2.50% p.a.
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ICBC Fixed Deposit

Get up to 2.35% 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.
1.55% p.a.
1.85% p.a.
2.05% p.a
2.30% p.a.
S$500 and above
(E-banking)
0.15% p.a.
1.60% p.a.
1.90% p.a.
2.10% p.a.
2.35% p.a.

Hong Leong Finance FD

Get up to 2.45% p.a. (15-month) with HLF FD for fresh funds via online & PayNow!

The minimum placement is S$10,000.

Promotional rates: Subjected to changes.

See HLF board rates.

Placement Amount
15-Month
S$10,000 to < S$50,000
2.40% p.a.
S$50,000 to < S$200,000
2.43% p.a.
S$200,000 and above
2.45% p.a.

Maybank Fixed Deposit

Get 2.40% p.a. (24-month) with Maybank time deposit.

The minimum placement is S$20,000.

Promotional rates: Subjected to changes.

View Maybank FD board rates.

Placement Amount
12-Month
15-Month
18-Month
24-Month
Minimum S$20,000
2.20% p.a.
2.30% p.a.
2.35% p.a.
2.40% p.a.

OCBC FD

Get 2.00% 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
2.00% p.a.

Sing Investment & Finance (SIF)

Get up to 2.50% p.a. (24-month) with Sing Investment fixed deposit promotion!

The minimum placement is S$20,000.

Promotional rates: Subjected to changes.

See board rates.

Placement Amount
3-Month
12-Month
15-Month
24-Month
Minimum S$20,000
1.10% p.a.
2.35% p.a.
2.40% p.a.
2.50% p.a.
Minimum S$300,000
1.30% p.a.
2.40% p.a.
2.45% p.a.
2.50% p.a.

State Bank Of India Singapore FD

Get 2.57% p.a. (18-month) with SBI fixed deposit promotion.

The minimum placement is S$25,000.

Promotional rates: Subjected to changes.

You can view their board rates here.

Placement Amount
Tenor
Interest Rate
Minimum S$25,000
12-Month
2.25% p.a.
Minimum S$25,000
18-Month
2.57% p.a.

CIMB SGD Fixed Deposit

Get up to 2.35% p.a. (18-month) with CIMB FD deposit promotion!

If you are a CIMB Preferred Banking customer, you can get up to 2.40% p.a.

The minimum placement is S$10,000.

Promotional rates: Until 30/09/22

You can see their normal FD rates here.

Placement Amount
6-Month
9-Month
12-Month
18-Month
Minimum S$10,000
1.45% p.a.
1.55% p.a.
2.25% p.a.
2.35% p.a.

RHB SGD Fixed Deposit

Get up to 2.70% p.a. (24-month) with RHB FD deposit promotion!

RHB Premier Clients gets up to 2.80% p.a.

Promotional rates: Subjected to changes

See the latest board rates here.

Placement Amount
6-Month
12-Month
24-Month
Minimum S$20,000
1.80% p.a.
2.50% p.a.
2.70% p.a.

Bank Of China Singapore Fixed Deposit

Get up to 2.50% p.a. (24-month) with BOC FD deposit promotion!

The minimum placement is S$5,000.

Promotional rates: Subjected to changes.

Board rates | Promo rates

Over-the-Counter Placement

Placement Amount
1-Month
3-Month
6-Month
9-Month
12-Month
18-Month
24-Month
Minimum S$5,000
1.40% p.a.
1.70% p.a.
2.00% p.a.
2.15% p.a.
2.40% p.a.
2.45% p.a.
S$5,000 and below S$50,000
2.25% p.a.
S$50,000 and below S$300,000
2.35% p.a.
S$300,000 and above
2.40% p.a.

Via Mobile Banking Placement

Placement Amount
1-Month
3-Month
6-Month
9-Month
12-Month
18-Month
24-Month
Minimum S$5,000
1.45% p.a.
1.75% p.a.
2.05% p.a.
2.20% p.a.
2.45% p.a.
2.50% p.a.
S$5,000 and below S$50,000
2.35% p.a.
S$50,000 and below S$300,000
2.40% p.a.
S$300,000 and above
2.45% p.a.

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 2.75% p.a. (12-month) with HL Bank FD deposit promotion for existing customers.

Promotional rates: Until 31/12/22

Check the board rates here.

Placement Amount
3-Month
6-Month
12-Month
Minimum S$50,000
2.20% p.a.
2.45% p.a.
2.75% p.a.

Fixed Deposit Interest Rate Comparison

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

If you are viewing using a mobile phone, switch to desktop view for a quick comparison of the interest rates for a particular tenure.

Banks/FI Amount 1-Mth 3-Mth 4-Mth 6-Mth 7-Mth 8-Mth 9-Mth 10-Mth 12-Mth 15-Mth 18-Mth 21-Mth 24-Mth 30-Mth 36-Mth
Bank of ChinaMin. S$5,000 1.40% 1.70% 2.00% 2.15% 2.40% 2.45%
Bank of ChinaS$5,000 and below S$50,000 2.25%
Bank of ChinaS$50,000 to below S$300,000 2.35%
Bank of ChinaS$300,000 and above 2.40%
Bank of China (Mobile)Min. S$5,000 1.45% 1.75% 2.05% 2.20% 2.45% 2.50%
Bank of China (Mobile)S$5,000 and below S$50,000 2.35%
Bank of China (Mobile)S$50,000 to below S$300,000 2.40%
Bank of China (Mobile)S$300,000 and above 2.45%
Bank of East Asia
CIMBMin. S$10,000 1.45% 1.55% 2.25% 2.35%
HL BankMin. S$50,000 2.20% 2.45% 2.75%
Hong Leong FinanceS$10,000 to < S$50,000 2.40%
Hong Leong FinanceS$50,000 to < S$200,000 2.43%
Hong Leong FinanceS$200,000 and above 2.45%
HSBC (Jade)Min. S$30,000 1.50% 2.20% 2.50%
HSBC (Personal)Min. S$30,000 1.50% 2.20% 2.50%
HSBC (Premier)Min. S$30,000 1.50% 2.20% 2.50%
ICBC (Branch)S$500 and above 0.15% 1.55% 1.85% 2.05% 2.30%
ICBC (Online)S$500 and above 0.15% 1.60% 1.90% 2.10% 2.35%
MaybankMin. S$20,000 2.20% 2.30% 2.35% 2.40%
OCBCMin. S$20,000 1.50% 2.20%
POSB/DBS
RHBMin. S$20,000 1.80% 2.45% 2.70%
SBI SingaporeMin. S$25,000 2.25% 2.57%
Sing Investment & FinanceMin. S$20,000 1.10% 2.35% 2.40% 2.50%
Sing Investment & FinanceMin. S$300,000 1.30% 2.40% 2.45% 2.50%
Singapura Finance
Standard CharteredMin. S$25,000 1.80%
UOBMin. S$20,000 2.40% 2.60%
Banks/FI Amount 1-Mth 3-Mth 4-Mth 6-Mth 7-Mth 8-Mth 9-Mth 10-Mth 12-Mth 15-Mth 18-Mth 21-Mth 24-Mth 30-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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