Patrick Tan 
Basically, the Singapore Dollar Fixed Deposit (also known as Time Deposit) holds your money for a fixed amount of time and in return, you are promised a FIXED deposit interest rate. Upon maturity, you will receive your initial deposit plus interest earned.
As there is a myriad of fixed deposit interest rates available for various tenor/period as well as deposit amount, we shall concentrate on the most common combination:
Tenor/Period: 12mths
Deposit Amount: less than S$10k to S$50k
Based on the above tenor and deposit amounts, the following is a comparison of the Fixed Deposit Interest Rate (% p.a.) offered by the local banks and full banks in Singapore.
Note: For other periods & deposit amounts, click “View” below for their latest rates.
Rates collated on 3 March 2022
| Period:1 Yr | Citibank | DBS | HSBC | MayBank |
|---|---|---|---|---|
| < S$10k | – | 0.05 – 1.10 | 0.15 | 0.35 |
| S$10k | 0.10 | 0.05 – 1.10 | 0.15 | 0.35 |
| S$20k | 0.10 | 0.05 – 1.10 | 0.15 | 0.35 |
| S$30k | 0.10 | 0.05 – 1.10 | 0.15 | 0.35 |
| S$40k | 0.10 | 0.05 – 1.10 | 0.15 | 0.35 |
| S$50k | 0.10 | 0.05 – 1.10 | 0.15 | 0.35 |
| Latest Rates | View | View | View | View |
| Period:1 Yr | OCBC | RHB | SC | UOB |
|---|---|---|---|---|
| < S$10k | 0.10 | – | 0.55 | 0.15 |
| S$10k | 0.10 | – | 0.55 | 0.15 |
| S$20k | 0.10 | 0.65 | 0.55 | 0.15 |
| S$30k | 0.10 | 0.65 | 0.55 | 0.15 |
| S$40k | 0.10 | 0.65 | 0.55 | 0.15 |
| S$50k | 0.10 | 0.65 | 0.55 | 0.15 |
| Latest Rates | View | View | View | View |
Disclaimer: Fixed Deposit Interest Rates found above are purely for reference only and are subject to change without notice. Please click on “View” for the latest rates.
Deposit-Related Telephone Numbers
To check the latest promotional rates and rates for deposits greater than S$1 million, you can call the following telephone numbers:
Citibank: 6225 5225
DBS: 1800 111 1111
HSBC: 1800 4722 669
MayBank: 1800 629 2265
OCBC: 1800 438 3333
RHB Bank: 1800 323 0100
Standard Chartered: 1800 747 7000
UOB: 1800 222 2121
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