Best fixed deposit rates in Singapore — 2026
SGD fixed deposit rates, ranked and checked against each bank's official page.
Ranked by rate verified 26 Jul
1
RHB listed
1.55 % p.a.
12 months · min S$20,000
As published by RHB (rates on their PDF sheet); verifying. Min S$20,000, 3–36 month terms. bank page →
2
Bank of China listed
1.55 % p.a.
6–12 months · min S$500
Lowest entry of the higher-rate banks — just S$500. Rate as published; verifying. bank page →
3
Maybank ✓ verified
1.50 % p.a.
12 months · min S$20,000
The rate steps up over the 12-month term; the effective (average) rate you earn is 1.50% p.a. bank page →
4
Hong Leong Finance ✓ verified
1.50 % p.a.
4–5 months · min S$10,000
1.50% on 4–5 month fresh funds; 1.45% for 12 months at S$20,000. bank page →
5
CIMB ✓ verified
1.45 % p.a.
9 months · min S$10,000
1.45% Personal Banking (online); 1.50% for Preferred clients. bank page →
6
ICBC listed
1.40 % p.a.
up to 12 months · min S$500
1.40% via e-banking (min S$500 online / S$20,000 at branch). Verifying exact tenor. bank page →
7
UOB ✓ verified
1.30 % p.a.
12 months · min S$10,000
1.35% p.a. if you also hold eligible wealth products. bank page →
8
9
Standard Chartered ✓ verified
1.30 % p.a.
6 months · min S$25,000
By customer tier: 1.30% standard, 1.40% Priority, 1.60% Priority Private. bank page →
10
DBS / POSB ✓ verified
1.00 % p.a.
8–12 months · min S$1,000
The easiest to start — just S$1,000, and no fresh-funds condition. bank page →
A fixed deposit locks your money away for a set term in return for a guaranteed rate — you know exactly what you'll earn, and it doesn't depend on how you spend. The list above is ranked by the effective rate (what you actually earn), each figure checked against the bank's own page. Every FD here is SDIC-insured up to S$100,000 per bank.
How to read these rates — in plain English
Effective rate is what lands in your pocket. When a bank shows a higher “up to” number, the rate usually steps up over the term — you only reach the top rate near the end, so the average you earn is a bit lower. We rank by the effective rate so it's a fair, like-for-like comparison.
Fresh funds — many of the best rates are for new money, not cash already sitting with the bank.
Tenure — the rate depends on how long you lock it up (usually 6 or 12 months).
Minimum — how much you need to start, from S$500 to S$25,000.
Tier — a few of the top rates are for Priority or Private banking clients.
Fresh funds — many of the best rates are for new money, not cash already sitting with the bank.
Tenure — the rate depends on how long you lock it up (usually 6 or 12 months).
Minimum — how much you need to start, from S$500 to S$25,000.
Tier — a few of the top rates are for Priority or Private banking clients.
Prefer to keep your money flexible, or chase a higher rate with some conditions? Compare high-interest savings accounts or Singapore Savings Bonds.
Common questions
What is the best fixed deposit rate in Singapore in 2026?
The highest SGD fixed deposit rates are around 1.50–1.55% p.a. — from Maybank (1.50% effective), Hong Leong Finance, RHB and Bank of China (which needs just S$500). The three local banks (UOB, OCBC 1.30%; DBS/POSB 1.00%) sit lower. Rates are verified against each bank's own page and change with promotions.
Why is the advertised rate sometimes higher than what I actually earn?
Two common reasons, both perfectly normal. First, many promotions "step up" — the rate rises over the term, so you touch the top number only near the end and the effective (average) rate is a little lower. Second, the highest rate can be for a specific customer tier — for example Standard Chartered shows 1.30% standard, 1.40% Priority and 1.60% Priority Private. The number that matters is the effective rate for the tier you're in, which is what we rank by.
Is my fixed deposit safe in Singapore?
Yes. SGD deposits with a Singapore bank or finance company are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor per bank.
Fixed deposit or high-interest savings account — which is better?
A fixed deposit gives a guaranteed rate with no hoops but locks your money for the term. A savings account can pay more but only if you credit your salary and spend on a card. If you value certainty and simplicity, choose an FD; if you can meet the conditions, a savings account may pay more.