Best Fixed Deposit Rates in Singapore 2021

Get more interest on your money with the best fixed deposit rates promotion in January 2021.

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: 0.30% p.a. (HSBC)
• 6-Month: 0.35% p.a. (HSBC)
• 8-Month: NA
• 9-Month: 0.50% p.a. (ICBC)
• 10-Month: 0.50% p.a. (UOB)
• 12-Month: 0.60% p.a. (ICBC)
• 18-Month: 0.62% p.a. (Hong Leong Finance)
• 24-Month: 0.65% p.a. (Hong Leong Finance)
• 36-Month: 0.75% p.a. (Sing Investment & Finance)

Singapore Fixed Deposit Promotion January 2021

Placement Amount	Tenor	Promotional Rate	Priority Banking Preferential Rate
Minimum S$25,000	3-Month	0.45% p.a.	0.55% p.a.

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

Placement Amount	Tenor	HSBC Jade Customers	HSBC Premier 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.
S$30,000 to S$1,200,000	6-Month	0.35% p.a.	0.35% p.a.	0.35% p.a.

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.	0.25% p.a.	0.45% p.a	0.55% p.a.
S$500 and above (E-banking)	0.15% p.a.	0.25% p.a.	0.30% p.a.	0.50% p.a.	0.60% p.a.

Placement Amount	12-Month	18-Month	24-Month
S$20,000 and above (Online)	0.55% p.a.	0.62% p.a.	0.65% p.a.

Placement Amount	Tenor	Interest Rate
–	–	–

Placement Amount	Tenor	Interest Rate
Minimum S$20,000	12-Month	0.45% p.a.

See board rates.

Placement Amount	3-Month	12-Month	24-Month	36-Month
S$1,000	0.25% p.a.	0.50% p.a.	0.60% p.a.	0.75% p.a.

Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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Placement Amount	Tenor	Interest Rate
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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.

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:

• 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!