Best Fixed Deposit Rates in Singapore 2022
Get more interest on your money with the best fixed deposit rates promotion in June 2022.
Time to shift them to the
(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: 0.40% p.a. (BOC)
- 3-Month: 0.60% p.a. (ICBC/BOC)
- 6-Month: 1.25% p.a. (ICBC)
- 8-Month: 1.02% p.a. (Hong Leong Finance)
- 9-Month: 1.35% p.a. (ICBC)
- 10-Month: 0.80% p.a. (UOB)
- 12-Month: 1.60% p.a. (CIMB)
- 15-Month: 1.50% p.a. (SBI)
- 18-Month: 1.63% p.a. (HL Bank)
- 24-Month: 1.95% p.a. (RHB)
- 36-Month: 1.80% p.a. (SIF/Maybank)
Singapore Fixed Deposit Promotion June 2022
Standard Chartered SGD Fixed Deposit
Get 0.90% p.a. (12-month) with Standard Chartered time deposit!
If you are their priority banking customer, you can get a preferential rate of 1.00% p.a.
The minimum placement is S$25,000.
Promotional rates: Until 30/06/22
Placement Amount | Tenor | Promotional Rate | Priority Banking Preferential Rate |
Minimum S$25,000 | 9-Month | 0.70% p.a. | 0.80% p.a. |
Minimum S$25,000 | 12-Month | 0.90% p.a. | 1.00% p.a. |
UOB SGD Fixed Deposit
Get 1.20% p.a. (15-month) with UOB FD!
The minimum placement is S$20,000.
Promotional rates: Until 30/06/22
Check out the board rates.
Placement Amount | Tenor | Interest Rate |
Minimum S$20,000 | 10-Month | 0.80% p.a. |
Minimum S$20,000 | 15-Month | 1.20% p.a. |
HSBC SGD Time Deposit
Get up to 1.15% p.a. (12-month) with HSBC FD!
The minimum placement is S$30,000.
Promotional rates: Until 30/06/22
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 | 0.80% p.a. | 0.80% p.a. | 0.80% p.a. |
Minimum S$30,000 | 12-Month | 1.15% p.a. | 1.15% p.a. | 1.15% p.a. |
ICBC Fixed Deposit
Get up to 1.50% 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. | 0.55% p.a. | 1.20% p.a. | 1.30% p.a | 1.45% p.a. |
S$500 and above (E-banking) | 0.15% p.a. | 0.60% p.a. | 1.25% p.a. | 1.35% p.a. | 1.50% p.a. |
Hong Leong Finance FD
Get up to 1.63% p.a. (18-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 | 8-Month | 12-Month | 18-Month |
Minimum S$20,000 | 1.02% p.a. | 1.33% p.a. | 1.63% p.a. |
Maybank Fixed Deposit
Get 1.80% p.a. (36-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 | 24-Month | 36-Month |
Minimum S$20,000 | 1.30% p.a. | 1.60% p.a. | 1.80% p.a. |
OCBC FD
Get 1.28% p.a. (24-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 | 0.75% p.a. |
Minimum S$20,000 | 24-Month | 1.28% p.a. |
Sing Investment & Finance (SIF)
Get up to 1.80% 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 | 18-Month | 24-Month | 36-Month |
Minimum S$10,000 | 0.40% p.a. | 1.10% p.a. | 1.20% p.a. | 1.30% p.a. | 1.40% p.a. |
Minimum S$50,000 | 0.45% p.a. | 1.30% p.a. | 1.40% p.a. | 1.60% p.a. | 1.80% p.a. |
State Bank Of India Singapore FD
Get 1.50% p.a. (15-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 | 15-Month | 1.50% p.a. |
CIMB SGD Fixed Deposit
Get up to 1.60% p.a. (12-month) with CIMB FD deposit promotion!
If you are a CIMB Preferred Banking customer, you can get up to 1.68%p.a.
The minimum placement is S$10,000.
Promotional rates: Until 30/06/22
You can see their normal FD rates here.
Placement Amount | 9-Month | 12-Month | 18-Month |
Minimum S$10,000 | 0.65% p.a. | 1.60% p.a. | 1.35% p.a. |
RHB SGD Fixed Deposit
Get up to 1.95% p.a. (24-month) with RHB FD deposit promotion!
RHB Premier Clients gets 2.00% p.a.
Promotional rates: Subjected to changes
See the latest board rates here.
Placement Amount | 12-Month | 18-Month | 24-Month |
Minimum S$20,000 | 1.50% p.a. | 1.60% p.a. | 1.95% p.a. |
Bank Of China Singapore Fixed Deposit
Get up to 1.60% p.a. (24-month) with BOC FD deposit promotion!
The minimum placement is S$5,000.
Promotional rates: Subjected to changes.
Placement Amount | 1-Month | 3-Month | 6-Month | 9-Month | 12-Month | 18-Month | 24-Month |
Minimum S$5,000 | 0.40% p.a. | 0.60% p.a. | 0.90% p.a. | 1.10% p.a. | 1.40% p.a. | 1.50% p.a. | 1.60% 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 1.68% p.a. (24-month) with HL Bank FD deposit promotion for existing customers.
Promotional rates: Until 31/08/22
Check the board rates here.
Placement Amount | 6-Month | 12-Month | 18-Month | 24-Month |
Minimum S$50,000 | 0.88% p.a. | 1.38% p.a. | 1.48% p.a. | 1.68% 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 | 6-Mth | 8-Mth | 9-Mth | 10-Mth | 12-Mth | 15-Mth | 18-Mth | 24-Mth | 36-Mth |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of China | Min. S$5,000 | 0.40% | 0.60% | 0.90% | 1.10% | 1.40% | 1.50% | 1.60% | ||||
| Bank of East Asia | ||||||||||||
| CIMB | Min. S$10,000 | 0.65% | 1.60% | 1.35% | ||||||||
| HL Bank | Min. S$50,000 | 0.88% | 1.38% | 1.48% | 1.68% | |||||||
| Hong Leong Finance | Min. S$20,000 | 1.02% | 1.33% | 1.63% | ||||||||
| HSBC (Jade) | Min. S$30,000 | 0.40% | 0.80% | 1.15% | ||||||||
| HSBC (Personal) | Min. S$30,000 | 0.40% | 0.80% | 1.15% | ||||||||
| HSBC (Premier) | Min. S$30,000 | 0.40% | 0.80% | 1.15% | ||||||||
| ICBC (Branch) | S$500 and above | 0.15% | 0.55% | 1.20% | 1.30% | 1.45% | ||||||
| ICBC (Online) | S$500 and above | 0.15% | 0.60% | 1.25% | 1.35% | 1.50% | ||||||
| Maybank | Min. S$20,000 | 1.30% | 1.60% | 1.80% | ||||||||
| OCBC | Min. S$20,000 | 0.75% | 1.28% | |||||||||
| POSB/DBS | ||||||||||||
| RHB | Min. S$20,000 | 1.50% | 1.60% | 1.95% | ||||||||
| SBI Singapore | Min. S$25,000 | 1.50% | ||||||||||
| Sing Investment & Finance | Min. S$10,000 | 0.40% | 1.10% | 1.20% | 1.30% | 1.40% | ||||||
| Sing Investment & Finance | Min. S$50,000 | 0.45% | 1.30% | 1.40% | 1.60% | 1.80% | ||||||
| Singapura Finance | ||||||||||||
| Standard Chartered | Min. S$25,000 | 0.70% | 0.90% | |||||||||
| UOB | Min. S$20,000 | 0.80% | 1.20% | |||||||||
| Banks/FI | Amount | 1-Mth | 3-Mth | 6-Mth | 8-Mth | 9-Mth | 10-Mth | 12-Mth | 15-Mth | 18-Mth | 24-Mth | 36-Mth |
How To Use The Comparison Table
There are 4 main sections in the table.
- Banks/FI
- Placement Amount
- 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!