Best Fixed Deposit Rates in Singapore 2020
Get more interest on your money with the
Is the majority of your cash still in a savings account? earning peanuts interest?
Time to shift them to the
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: 0.30% p.a. (ICBC)
- 3-Month: 0.50% p.a. (ICBC)
- 6-Month: 0.60% p.a. (ICBC)
- 8-Month: 0.65% p.a. (Hong Leong Finance)
- 9-Month: 0.75% p.a. (ICBC)
- 10-Month: 0.80% p.a. (UOB)
- 12-Month: 0.90% p.a. (Maybank)
- 24-Month: 1.15% p.a. (Maybank)
Singapore Fixed Deposit Promotion August 2020
Standard Chartered SGD Time Deposit
Get 0.20% p.a. (6-month) with Standard Chartered FD!
If you are their priority banking customer, you can get a preferential rate of 0.30% p.a.
The minimum placement is S$25,000.
Promotional rates: Until 03/08/20
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 0.80% p.a. (10-month) with UOB FD!
The minimum placement is S$20,000.
Promotional rates: Until 31/08/20
Placement Amount |
Tenor |
Interest Rate |
Minimum S$20,000 |
10-Month |
0.80% 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: 01/08/20 – 31/08/20
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. |
ICBC Fixed Deposit
Get up to 0.85% p.a. with ICBC FD when the placement is done via e-banking!
The minimum placement is S$500.
Promotional rates are subjected to changes.
Placement Amount |
1-Month |
3-Month |
6-Month |
9-Month |
12-Month |
S$500 and above (OTC) |
0.25% p.a. |
0.45% p.a. |
0.55% p.a. |
0.70% p.a. |
0.80% p.a. |
S$500 and above (E-banking) |
0.30% p.a. |
0.50% p.a. |
0.60% p.a. |
0.75% p.a. |
0.85% p.a. |
Hong Leong Finance FD
Get up to 0.65% p.a. (8-month) with Hong Leong fixed deposit promotion!
The minimum placement is S$20,000.
Promotional rates are subjected to changes.
Placement Amount |
3-Month |
8-Month |
S$20,000 to < S$100,000 |
0.35% p.a. |
0.60% p.a. |
S$100,000 and above |
0.40% p.a. |
0.65% p.a. |
Maybank iSAVvy Fixed Deposit
Get 1.15% p.a. (24-month) with Maybank iSAVvy FD when you deposit online!
Fresh funds not needed as the monies are debited from your existing Maybank Savings or Current Account.
The minimum placement is S$25,000 and maximum placement is S$1,000,000.
Promotional rates are subjected to changes.
Placement Amount |
Tenor |
Interest Rate |
S$25,000 to S$1,000,000 |
12-Month |
0.90% p.a. |
S$25,000 to S$1,000,000 |
24-Month |
1.15% p.a. |
OCBC FD
Get 0.70% p.a. (12-month) with OCBC fixed deposit promotion!
The minimum placement is S$20,000.
Promotional rates are subjected to changes.
Placement Amount |
Tenor |
Interest Rate |
Minimum S$20,000 |
12-Month |
0.70% p.a. |
Sing Investment & Finance (SIF)
Get up to 1.10% p.a. (12-month) with Sing Investment deposit promotion via E-banking!
The minimum placement is S$1,000.
Promotional rates are subjected to changes.
Placement Amount |
3-Month |
12-Month |
24-Month |
S$1,000 |
0.35% p.a. |
0.75% p.a. |
0.95% p.a. |
S$50,000 |
0.40% p.a. |
0.80% p.a. |
1.00% p.a. |
Via Online Placement |
3-Month |
12-Month |
24-Month |
S$1,000 |
0.35% p.a. |
0.80% p.a. |
1.05% p.a. |
S$50,000 |
0.40% p.a. |
0.85% p.a. |
1.10% 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.
Promotion: NA
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 | 24-Month |
|---|---|---|---|---|---|---|---|---|---|---|
| POSB/DBS | - | |||||||||
| CIMB | - | |||||||||
| UOB | Minimum S$20,000 | 0.80% 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. | 0.45% p.a. | 0.55% p.a. | 0.70% p.a. | 0.80% p.a. | ||||
| ICBC (Online) | S$500 and above | 0.30% p.a. | 0.50% p.a. | 0.60% p.a. | 0.75% p.a. | 0.85% p.a. | ||||
| Hong Leong Finance | S$20,000 to < S$100,000 | 0.35% p.a. | 0.60% p.a. | |||||||
| Hong Leong Finance | S$100,000 to < S$200,000 | 0.40% p.a. | 0.65% p.a. | |||||||
| Maybank (iSAVvy) | S$25,000 to S$1,000,000 | 0.90% p.a. | 1.15% p.a. | |||||||
| OCBC | Minimum S$20,000 | 0.70% p.a. | ||||||||
| Sing Investment & Finance | S$1,000 | 0.35% p.a. | 0.75% p.a. | 0.95% p.a. | ||||||
| Sing Investment & Finance | S$50,000 | 0.40% p.a. | 0.80% p.a. | 1.00% p.a. | ||||||
| Sing Investment & Finance (Online) | S$1,000 | 0.35% p.a. | 0.80% p.a. | 1.05% p.a. | ||||||
| Sing Investment & Finance (Online) | S$50,000 | 0.40% p.a. | 0.85% p.a. | 1.10% 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 | 24-Month |
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:
- 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
- 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!