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 fixed deposit interest rates.
Updated On: 04-12-2024
| Bank | Tenor (Duration) | Interest (Counter) | Interest (eBank) | Bank | Tenor (Duration) | Interest (Counter) | Interest (eBank) | Bank | Tenor (Duration) | Interest (Counter) | Interest (eBank) | Bank | Tenor (Duration) | Interest (Counter) | Interest (eBank) | Minimum Amount | Latest Rates |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of China (BOC) | 3 Mths | 2.90 | 3.00 | BOC | 6 Mths | 2.65 | 2.75 | BOC | 9 Mths | 2.45 | 2.55 | BOC | 12 Mths | 2.50 | 2.60 | S$10,000 (Counter), S$500 (eBank) | View |
| Citibank (CITI) | 3 Mths | 2.40 | 2.40 | CITI | 6 Mths | 2.40 | 2.40 | CITI | 9 Mths | – | – | CITI | 12 Mths | – | – | S$50,000 | View |
| CIMB | 3 Mths | – | 2.75 | CIMB | 6 Mths | – | 2.75 | CIMB | 9 Mths | – | 2.55 | CIMB | 12 Mths | – | 2.55 | S$10,000 | View |
| DBS/POSB | 3 Mths | 1.00 | 1.00 | DBS | 6 Mths | 2.90 | 2.90 | DBS | 9 Mths | 3.10 | 3.10 | DBS | 12 Mths | 3.20 | 3.20 | S$1,000 – S$19,999 | View |
| Hong Leong Finance (HLF) | 3 Mths | – | – | HLF | 6 Mths | 2.70 | – | HLF | 9 Mths | – | – | HLF | 11 Mths | 2.70 | – | S$20,000 | View |
| Hong Leong Finance (HLF) | 3 Mths | – | – | HLF | 6 Mths | 2.80 | – | HLF | 9 Mths | – | – | HLF | 11 Mths | 2.80 | – | S$50,000 | View |
| HSBC | 4 Mths | 2.60 | 2.60 | HSBC | 6 Mths | 2.45 | 2.45 | HSBC | 9 Mths | – | – | HSBC | 12 Mths | 2.15 | 2.15 | S$30,000 | View |
| ICBC | 3 Mths | – | 3.00 | ICBC | 6 Mths | – | 2.45 | ICBC | 9 Mths | – | 2.40 | ICBC | 12 Mths | – | 2.30 | S$20,000 (Counter), S$500 (eBank) | View |
| MayBank (MBB) | 3 Mths | – | – | MBB | 6 Mths | 2.80 | – | MBB | 9 Mths | 2.55 | – | MBB > | 12 Mths | 2.50 | – | S$20,000 | View |
| OCBC | 3 Mths | – | – | OCBC | 6 Mths | 2.30 | 2.60 | OCBC | 9 Mths | – | – | OCBC | 12 Mths | 2.20 | 2.50 | S$30,000 | View |
| RHB | 3 Mths | 3.10 | 3.10 | RHB | 6 Mths | 3.10 | 3.10 | RHB | 9 Mths | – | – | RHB | 12 Mths | 2.80 | 2.80 | S$20,000 | View |
| SBI | 3 Mths | – | – | SBI | 6 Mths | 2.90 | – | SBI | 9 Mths | – | – | SBI | 12 Mths | 2.50 | – | S$50,000 | View |
| Standard Chartered (SCB) | 3 Mths | 0.90 | 0.90 | SCB | 6 Mths | 2.20 | 2.20 | SCB | 9 Mths | 2.55 | 2.55 | SCB | 12 Mths | 2.60 | 2.60 | < S$20,000 | View |
| UOB | 3 Mths | – | – | UOB | 6 Mths | – | 2.50 p.a. | UOB | 9 Months | – | – | UOB | 10 Mths | – | 2.30 p.a. | S$10,000 | View |
