Best highest Fixed Deposits Rates Bank Time Deposits
For the best fixed deposits offered by banks for your local Singapore dollars, you have to be sure that you check bank rates frequently. They are updated monthly, and sometimes weekly when there is hot competition.
As a general guide, please look to foreign retail banks that are operating in Singapore such as Maybank, ICBC, Citibank, HSBC, CIMB, Bank of China, etc. Local banks such as DBS, OCBC, UOB have more branches and tellers and are able to attract more money in fixed deposits so they do not have to offer the best fixed deposit rates in Singapore.
Best fixed time deposit interest rates in Singapore (Jan 2020)
| Bank | Minimum Amount | Length | Interest Rates | Source |
|---|---|---|---|---|
| CIMB | $10,000 | 12 mths | Up to 1.80% (Online Promotion) | More information |
| CIMB | $10,000 | 3 / 6 mths | Up to 1.70% (Online Promotion) | More information |
| Maybank | $50,001 | 24 mths | iSAVvy: Up to 1.75% | More information |
| Maybank | $20,000 | 12 mths | 1.60% (with $2,000 deposit in their Maybank savings / current account) | More information |
| HSBC | $30,000 | 6 mths | Advance and Premier Banking clients Up to 1.75% | |
| ICBC | $20,000 | 12 mths | Up to 1.70% | |
| ICBC | $20,000 | 6 / 9 / 12 mths | Up to 1.65% | |
| ICBC | $500 | 12 mths | Up to 1.60% (Online) | |
| Hong Leong Finance | $200,000 | 12 mths | Up to 1.73% | |
| Hong Leong Finance | $50,000 | 12 mths | Up to 1.68% | |
| Hong Leong Finance | $20,000 | 12 mths | Up to 1.65% | |
| UOB | $20,000 | 10 mths | 1.60% | |
| OCBC | $20,000 | 12 mths | 1.55% | |
| Standard Charter Bank | $25,000 | 9 months | 1.55% |
