FD rates continue their downward trend to below 2%
There are the best interest rates for fixed deposits for banks in Singapore
for May 2025
|
BANKS |
INTEREST (PA) |
TENURE |
MIN DEPO |
|
2.2% (Online) |
6 mths |
$20,000 |
|
|
|
2.2% (Online) |
3 mths |
$10,000 |
|
|
2.1 % |
3 mths |
$50,000 |
|
|
2.45%
|
12 mths |
$1,000 |
|
|
0.4% |
12 mths |
NA |
|
|
2% |
7 mths |
$5,000 |
|
|
2%
|
1 mths |
$100,000 |
|
|
2.2% |
3 mths |
$200,0000 |
|
|
1.8% |
6 mths |
$20,000 |
|
|
1.9% (online) |
9 mths |
$30,000 |
|
|
2.1% (Premier Banking)
|
3 mths |
$30,000 |
|
|
NA |
NA
|
NA |
|
|
1.9% (Priority Private) |
5 mths |
$25,000 |
|
|
2% |
6 mths |
$10,000 |
*Click on the individual banks for the latest rates
Rates are as of 1 Dec 2023. Please refer to the respective banks for the
latest rates
Bank of China
|
BOC has changed FD to tiered pricing. The best rate for BOC is at 2.2%
for 6 months for a minimum $20,000 via Mobile Banking.
CIMB
CIMB’s best FD rate has reduced to .2% for 3 months.
Citibank
Citibank’s FD rate is at 2.1% for 3 months.
DBS / POSB
|
DBS/POSB is at 2.45% for 1 year. As a result, it is now the bank with the
highest FD rates. Do note the cap of $19,999 to qualify for these rates.
According to their website, DBS/POSB will accept new placements for tenors
12 months and below.
HL Bank
Based on HL Bank website, only board rates are offered
Hong Leong Finance
Hong Leong Finance’s best FD rate is at 2% for 7 months.
HSBC
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HSBC offers different tiers of rates depending on the customer segment.
The highest is at 2% for Premier and Premier Elite for 1 months of FD
ICBC
ICBC best rate is at 2.2% for 3 months for 200K and above via e-banking
Maybank
Maybank’s best FD is at 1.8% for 6 months. This is for online placement
with a minimum of $20K
OCBC
OCBC FD rate is 1.9% for 30K for 9 m
RHB
RHB’s best rate is 2.1% for 3 months. The minimum placement is $20K for
Premier Banking.
Standard Chartered Bank
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SCB offers a tiered rate promotion. The highest is 1.9% for 5 months for
Priority Private.
UOB
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UOB FD best rate is at 2% for 6 months
Disclaimer
The information provided by TWD is for information purposes only and is
not meant to be investment advice. Readers must do their due diligence and
consult financial advisors for their investment needs. The information is
correct as of 1 May 2025
