Basically, the Singapore Dollar Fixed Deposit (also known as Time Deposit) holds your money for a fixed amount of time (tenor or tenure), and in return, you are promised a fixed deposit interest rate.
Upon maturity, you will receive your initial deposit plus interest earned.
As there are a myriad of fixed deposit interest rates available for various tenors/tenures as well as deposit amounts, we shall focus on the most common combination:
Tenor/Tenure: 3 months, 6 months, 9 months, and 10/12 months
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.
| Interest Rates Updated On: | 28 June 2024 |
| Bank | Tenure/Tenor | Interest Rates (Counter) | Interest Rates (eBank) | Minimum Amount | Latest Rates |
|---|---|---|---|---|---|
| Bank of China | 3 Months | 3.40% | 3.50% | S$10,000 (Counter), S$500 (eBank) | View |
| Citibank | 3 Months | 2.50% | 2.50% | S$50,000 | View |
| CIMB | 3 Months | – | 3.25% | S$10,000 | View |
| DBS/POSB | 3 Months | 1.0000% | 1.0000% | S$1,000 – S$19,999 | View |
| Hong Leong Finance | 3 Months | 2.85% | – | S$20,000 | View |
| Hong Leong Finance | 3 Months | 2.90% | – | S$50,000 | View |
| HSBC | 3 Months | 3.30% p.a. | 3.30% p.a. | S$30,000 | View |
| ICBC | 3 Months | 3.35% | 3.40% | S$20,000 (Counter), S$500 (eBank) | View |
| MayBank | 3 Months | – | – | – | View |
| OCBC | 3 Months | – | – | – | View |
| RHB | 3 Months | 3.25% | 3.25% | S$20,000 | View |
| SBI | 3 Months | – | – | – | View |
| Standard Chartered | 3 Months | 0.9000% | 0.9000% | < S$20,000 | View |
| UOB | 3 Months | – | – | – | View |
| Bank | Tenure/Tenor | Interest Rates (Counter) | Interest Rates (eBank) | Minimum Amount | Latest Rates |
|---|---|---|---|---|---|
| Bank of China | 6 Months | 3.20% | 3.30% | S$10,000 (Counter), S$500 (eBank) | View |
| Citibank | 6 Months | 2.50% | 2.50% | S$50,000 | View |
| CIMB | 6 Months | – | 3.20% | S$10,000 | View |
| DBS/POSB | 6 Months | 2.9000% | 2.9000% | S$1,000 – S$19,999 | View |
| Hong Leong Finance | 6 Months | – | – | – | View |
| HSBC | 6 Months | 3.20% p.a. | 3.20% p.a. | S$30,000 | View |
| ICBC | 6 Months | 3.10% | 3.15% | S$20,000 (Counter), S$500 (eBank) | View |
| MayBank | 6 Months | – | – | – | View |
| OCBC | 6 Months | 2.30% | 2.60% | S$30,000 | View |
| RHB | 6 Months | 3.25% | 3.25% | S$20,000 | View |
| SBI | 6 Months | 3.40% | 3.40% | S$50,000 | View |
| Standard Chartered | 6 Months | 2.2000% | 2.2000% | < S$20,000 | View |
| UOB | 6 Months | 2.70% | 2.70% | S$10,000 | View |
| Bank | Tenure/Tenor | Interest Rates (Counter) | Interest Rates (eBank) | Minimum Amount | Latest Rates |
|---|---|---|---|---|---|
| Bank of China | 9 Months | 2.60% | 2.70% | S$10,000 (Counter), S$500 (eBank) | View |
| Citibank | 9 Months | – | – | – | View |
| CIMB | 9 Months | – | 3.30% | S$10,000 | View |
| DBS/POSB | 9 Months | 3.1000% | 3.1000% | S$1,000 – S$19,999 | View |
| Hong Leong Finance | 9 Months | 2.75% | – | S$20,000 | View |
| Hong Leong Finance | 9 Months | 2.80% | – | S$50,000 | View |
| HSBC | 9 Months | – | – | – | View |
| ICBC | 9 Months | 3.00% | 3.05% | S$20,000 (Counter), S$500 (eBank) | View |
| MayBank | 9 Months | 2.50% | – | S$20,000 | View |
| OCBC | 9 Months | – | – | – | View |
| RHB | 9 Months | – | – | – | View |
| SBI | 9 Months | – | – | – | View |
| Standard Chartered | 9 Months | 2.5500% | 2.5500% | < S$20,000 | View |
| UOB | 9 Months | – | – | – | View |
| Bank | Tenure/Tenor | Interest Rates (Counter) | Interest Rates (eBank) | Minimum Amount | Latest Rates |
|---|---|---|---|---|---|
| Bank of China | 12 Months | @step 13% | @step 14% | S$10,000 (Counter), S$500 (eBank) | View |
| Citibank | 12 Months | – | – | – | View |
| CIMB | 12 Months | – | 2.95% | S$10,000 | View |
| DBS/POSB | 12 Months | 3.2000% | 3.2000% | S$1,000 – S$19,999 | View |
| Hong Leong Finance | 10 Months | 2.75% | – | S$20,000 | View |
| Hong Leong Finance | 10 Months | 2.80% | – | S$50,000 | View |
| HSBC | 12 Months | 3.10% p.a. | 3.10% p.a. | S$30,000 | View |
| ICBC | 12 Months | 3.00% | 3.05% | S$20,000 (Counter), S$500 (eBank) | View |
| MayBank | 12 Months | 2.60% | – | S$20,000 | View |
| OCBC | 12 Months | – | 2.80% | S$30,000 | View |
| RHB | 12 Months | 3.25% | 3.25% | S$20,000 | View |
| SBI | 12 Months | 3.20% | – | S$50,000 | View |
| Standard Chartered | 12 Months | 2.6000% | 2.6000% | < S$20,000 | View |
| UOB | 10 Months | – | 2.60% | S$10,000 | View |
