Best Fixed Deposit Rates in Singapore [September 2026]: Up to 2.00% p.a.

Fixed deposit rates in Singapore have moved higher again this week.

I noticed more competitive and higher rates from HSBC, HL Bank, SingFinance, Bank of China, Singapura Finance and CIMB.

The highest fixed deposit rate I found remains 2.00% p.a. from HL Bank for 24 months, with a minimum placement of S$10,000, and by Citibank for 6 months with at least S$5,000 in new funds, although this promotional rate is available only to eligible existing Citi customers and new Citigold customers.

For a 12-month fixed deposit, Singapura Finance is offering a limited-time 1.81% p.a. Mid-Autumn Counter Fixed Deposit promotion until 26 September, while HL Bank, CIMB, SingFinance and Bank of China offer up to 1.80% p.a.

I also found the best 3-month fixed deposit rate rising to 1.60% p.a., while several 6-month fixed deposits now offer 1.80% p.a.

I last updated this guide on 21 September 2026, after checking the latest fixed deposit promotions from major banks and finance companies in Singapore.

I’ve compared the best fixed deposit rates in Singapore across different tenures and minimum placement amounts to help you see which offers are most competitive before deciding where to place your savings.

Do check back regularly as I’ll be refreshing the best fixed deposit rates weekly. 

The best fixed deposit rate in Singapore (Last updated as of 21 September 2026)

• The best 3-month fixed deposit rate we found was 1.60% p.a. by HSBC and Bank of China.
• The best 6-month fixed deposit rate we found was 1.80% p.a. offered by HSBC, HL Bank, SingFinance and Bank of China. Citibank is offering a promotional fixed deposit rate of 2.00% p.a. for 6 months to eligible customers who bring in new funds.
• The best 9-month fixed deposit rate we found was 1.75% p.a. offered by CIMB and Bank of China.
• The best 12-month fixed deposit rate we found was 1.81% p.a. offered by Singapura Finance under its Mid-Autumn Festival Promotion, which requires at least S$50,000 in fresh funds and is only available for walk-in placements from 21 to 26 September 2026. Alternatively, HL Bank, CIMB, SingFinance and Bank of China also offer up to 1.80% p.a. for 12 months, subject to their respective minimum placement requirements.

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What are the fixed deposit rates offered by banks in Singapore?

🌱 Citibank fixed deposit rates

Citibank is offering a promotional fixed deposit rate of 1.40% p.a. for 3 months and 2.00% p.a. for 6 months with new funds.

For eligible existing Citi customers, placements start from S$5,000, up to S$5 million.

Existing Citi customers can place the fixed deposit through the Citi Mobile App. New customers can also access the promotional rates by starting a Citigold or Citigold Private Client relationship.

The promotion is available until 30 September 2026.

You can find the latest fixed deposit rates offered by Citi here and the Citibank Exclusive SGD New Funds Time Deposit Promotion terms and conditions here.

🌱 HL Bank fixed deposit rates

HL Bank is offering promotional fixed deposit rates of up to 2.00% p.a. for placements made online through HLB Connect.

You can earn 1.80% p.a. for 6 or 12 months, 1.88% p.a. for 18 months and 2.00% p.a. for 24 months, with a minimum online placement of S$10,000.

For branch placements, the minimum is substantially higher at S$100,000.

The 1.80% p.a. 12-month rate is currently one of the highest standard 12-month fixed deposit rates I found, while the 2.00% p.a. rate requires setting aside the money for 24 months

HL Bank adjusts its fixed deposit rate fairly regularly and may offer promotional rates from time to time, you can find out the latest fixed deposit rate offered by HL Bank here.

🌱 Singapura Finance fixed deposit rates

Singapura Finance is offering fixed deposit rates of up to 1.81% p.a. under a limited-time Mid-Autumn Festival Promotion.

From 21 to 26 September 2026, new and existing customers who place at least S$50,000 in fresh funds into a 12-, 18- or 24-month Blue Sky Fixed Deposit can receive an additional 0.05% p.a. Mid-Autumn bonus on top of the prevailing Counter Fixed Deposit Promotion rate.

With the current Counter Fixed Deposit rate at 1.76% p.a., this brings the total promotional rate to 1.81% p.a.

The Mid-Autumn promotion is available only for walk-in placements at Singapura Finance Customer Centres. Customers must also have an existing Savings Account or open a new Savings Account with a minimum S$200 deposit.

Outside this limited-time promotion, Singapura Finance's Counter Fixed Deposit Promotion offers 1.70% p.a. for 6 months and 1.76% p.a. for 12, 18 or 24 months, with a minimum placement of S$20,000.

For digital placements, the Vivid Fixed Deposit offers 1.65% p.a. for 6 months, 1.68% p.a. for 8 months, 1.70% p.a. for 12 months and 1.60% p.a. for 18 months, with a minimum deposit of S$20,000.

You can find out more about Singapura Finance's Mid-Autumn Festival Promotion and its latest fixed deposit promotions.

🌱 SingFinance fixed deposit rates

SingFinance has raised its FD Online rates for fresh-fund placements.

With at least S$10,000 in fresh funds, I can earn 1.50% p.a. for 3 months, 1.80% p.a. for 6 or 12 months and 1.60% p.a. for 18 months.

For smaller placements starting from S$1,000, SingFinance is offering 1.50% p.a. for 6, 12 and 18 months.

For FD Online placements, the funds must be fresh funds transferred into an eligible SingFinance GoSavers, Savings or Corporate Current Account.

SingFinance may change its fixed deposit rates without prior notice, so I would check its latest rates before making a placement.

You can find out the latest fixed deposit rate offered by SingFinance here.

🌱 Bank of China fixed deposit rates

Bank of China is offering promotional SGD fixed deposit rates of up to 1.80% p.a. for new placements through the BOC Mobile Banking app.

For a relatively small placement of S$500, the 3-month rate has risen to 1.60% p.a., while the 6- and 12-month rates are 1.70% p.a.

Higher rates are available for larger placements. With S$100,000, I can earn 1.75% p.a. for 6 or 12 months. With S$200,000, the rate rises to 1.80% p.a. for 6 or 12 months, while the 9-month rate is 1.75% p.a.

The promotional rates are effective from 21 to 27 September 2026, so I would check the latest Bank of China rate sheet before making a placement.

The Bank of China adjusts its fixed deposit rate fairly regularly and may offer promotional rates from time to time, you can find out the latest fixed deposit rate offered by Bank of China here.

🌱 CIMB fixed deposit rates

CIMB has raised its online promotional fixed deposit rates.

CIMB is offering 1.75% p.a. for 6-month and 9-month online fixed deposits for Personal Banking customers. Preferred Banking customers can earn 1.80% p.a. for the same tenures.

For a longer tenure, the 12-month rate is 1.80% p.a. for Personal Banking customers and 1.85% p.a. for Preferred Banking customers. To earn the promotional interest rate, the minimum deposit required is S$10,000. 

From 1 to 30 September 2026, CIMB is also offering a promotion on its 12-month Why Wait Fixed Deposit-i. I can receive S$88 cash credit for every S$100,000 in fresh funds placed, capped at S$176 per eligible account. Placements below S$100,000 will not qualify for the cash credit.

Separately, eligible customers starting a new CIMB Preferred Banking relationship can earn 2.33% p.a. on a 6-month fixed deposit with S$250,000 in fresh funds.

You can find out more about the latest CIMB fixed deposit rates and the promotion here.

🌱 HSBC fixed deposit rates

HSBC is offering 1.60% p.a. for a 3-month fixed deposit and 1.80% p.a. for a 6-month fixed deposit for Personal Banking customers.

The minimum placement is S$30,000.

For longer tenures, the promotional rates are lower at 0.90% p.a. for 9 months and 0.95% p.a. for 12 months.

This makes HSBC one of the more competitive options I found for shorter 3- and 6-month placements, rather than for longer tenures.

You can find out more about the fixed deposit rate offered by HSBC here. 

🌱 GXS Boost Pocket rates

GXS Bank’s Boost Pocket offers a base interest rate of 0.88% p.a., credited daily, with optional bonus interest if you hold your funds to maturity. 

Depending on the tenure selected, you can earn up to an additional 0.87% p.a., bringing the total return to:

• 1.01% p.a. for the 1-month tenure
• 1.22% p.a. for the 3-month tenure
• 1.30% p.a. for the 8-month tenure
• 1.40% p.a. for the 4-month tenures
• 1.75% p.a. for the 12-month tenures

The highest rate is now 1.75% p.a. for the 12-month Boost Pocket, up from 1.60% p.a. previously.

There are currently no premature-withdrawal fees, but early closure is subject to GXS approval and all bonus interest is forfeited.

Find out more about GXS Savings Account and the promotion here. 

🌱 Maybank fixed deposit rates

Maybank is offering standalone promotional fixed deposit rates of 1.75% p.a. for 6 months, 1.65% p.a. for 9 months and 1.70% p.a. for 12 months, with a minimum placement of S$20,000.

For those who are willing to bundle their fixed deposit with funds in a Maybank savings or current account, Maybank is offering a higher promotional rate of 1.85%p.a. and 1.90% p.a. for its 9-month and 12-month Deposits Bundle Promotion respectively. This works out to an effective rate of 1.69% p.a. and 1.73% p.a for the respective period.

To access the bundle promotional rates, you will need to place fresh funds into a Time Deposit and a Maybank savings or current account at a 1:10 ratio. This means that for every S$10,000 placed in the Time Deposit, S$1,000 has to be earmarked in a savings or current account for the same tenure as the Time Deposit.

Because the savings or current account portion earns a lower base interest rate, the combined effective return is lower than the headline fixed deposit rate.

You can find out the full terms and conditions of the Maybank fixed deposit promotion here.

🌱 RHB fixed deposit rates

RHB Personal Banking customers can earn 1.30% p.a. for a 3-month fixed deposit through either mobile banking or a branch.

For the longer tenures, RHB offers Personal Banking customers 1.70% p.a. for six months and 12 months at a branch or through mobile banking.

RHB Premier Banking customers can earn an additional 0.10 percentage points across all tenures. The highest rate is 1.80% p.a. for both 6-month and 12-month fixed deposit.

The minimum placement amount for the promotional rates is S$20,000.

However, do note that the fixed deposit rates offered by RHB are promotional rates that are subject to change without prior notice. 

You can find out the latest fixed deposit rate offered by RHB here.

🌱 Standard Chartered fixed deposit rates

Standard Chartered Fresh Funds Time Deposit Promotion is on-going from 28 August 2026 to 30 September 2026.

For a 6-month time deposit, Standard Chartered is currently offering a rate of 1.70% p.a. for Personal Banking customers with a minimum placement of S$25,000. 

Priority Banking and Priority Private customers can enjoy a higher rate of 1.80% p.a. and 2.00% p.a. respectively for the same 6-month tenure.

You can find the latest promotional fixed deposit rates offered by Standard Chartered here.

🌱 Hong Leong Finance fixed deposit rates

Hong Leong Finance is offering up to 1.60% p.a. through its Special Fixed Deposit Promotion for fresh-fund placements.

Placements of S$10,000 to below S$100,000 can earn 1.55% p.a. for 4 or 5 months. For placements of S$100,000 and above, the rate rises to 1.60% p.a.

If you prefer to place your fixed deposit online, the Online Fixed Deposit Special now offers up to 1.50% p.a. through HLF Digital. This is available to customers with both a Hong Leong Finance fixed deposit account and savings account.

For deposits of S$5,000 to below S$20,000, the promotional rates are 1.35% p.a. for 6 months, 1.40% p.a. for 9 months and 1.45% p.a. for 12 months.

For deposits of S$20,000 and above, the rates are higher at 1.40% p.a. for 6 months, 1.45% p.a. for 9 months and 1.50% p.a. for 12 months. 

Do note that no interest will be paid if the fixed deposit is withdrawn before maturity. Upon maturity, the deposit will be automatically renewed at the prevailing board or special rate.

Hong Leong Finance adjusts its fixed deposit rate fairly regularly, and you can find out the latest fixed deposit rate offered by Hong Leong Finance here.

🌱 ICBC fixed deposit rates

ICBC is currently offering SGD fixed deposit promotional rates from 1.05% p.a. to 1.60% p.a., with the latest rates effective from 18 September 2026.

For e-banking placements, the minimum deposit is S$500. Savers can earn 1.25% p.a. for a 3-month tenure and 1.30% p.a. for a 6-month tenure.

For larger deposits of S$20,000 and above, the 3-month rate rises to 1.30% p.a., while the 9-month and 12-month rate rises to 1.45% p.a.

The highest promotional rate of 1.60% p.a. is available for placements of at least S$20,000 for 6-month. 

The promotional rate is only applicable via online banking deposits.

ICBC adjusts its fixed deposit rate fairly regularly, and you can find out the latest fixed deposit rate offered by ICBC here.

🌱 UOB fixed deposit rates

UOB is currently offering Singapore Dollar fixed deposit promotional rates of up to 1.55% p.a. for customers placing fresh funds of at least S$10,000.

Customers can now earn 1.50% p.a. for 6 months and 1.55% p.a. for 10 or 12 months, with a minimum placement of S$10,000 in fresh funds.

The promotion runs from 9 to 30 September 2026 and placements can be made through UOB Personal Internet Banking or the UOB TMRW app.

You can find the latest fixed deposit rate offered by UOB here. 

The fixed deposit rate of 1.40% p.a. is still lower than the highest effective interest rate that can be earned on the UOB One account.

🌱 SBI fixed deposit rates

SBI is offering a promotional rate of 1.50% p.a. for a 6-month fixed deposit and 1.40% p.a. for a 12-month fixed deposit, respectively.

The minimum deposit required to earn the higher promotional rate is S$50,000, and the promotion applies to new SGD fixed deposits.

You can find the latest fixed deposit rates offered by SBI here and their latest promotional fixed deposit rates here.

🌱 OCBC fixed deposit rates

OCBC has also raised its promotional fixed deposit rates.

Online placements currently earn 1.35% p.a. for 6 months and 1.50% p.a. for 12 months.

Branch placements earn slightly less at 1.30% p.a. for 6 months and 1.45% p.a. for 12 months.

You will need to place a minimum of S$20,000.

You can find the terms and conditions of the OCBC fixed deposit here.

🌱 MariBank fixed deposit rates

MariBank is currently offering standard fixed deposit rates of 1.30% p.a. for 12 months and 1.20% p.a. for 6 months, with placements starting from just S$100.

Find out more about the MariBank Savings Account.

🌱 DBS fixed deposit rates

You can earn an interest rate of 0.80% p.a. for a 6-month fixed deposit and 1.00% p.a for a 9-month and 12-month fixed deposit with a maximum deposit amount of S$19,999.

I also noticed some sharing in the Beansprout community about the senior citizen fixed deposit rate offered by DBS.

If you are 55 years and above, you can earn an additional 0.10% p.a. interest on your fixed deposit for tenors of at least six months with the Premier Income Account (PIA), and a minimum deposit of S$10,000 per placement.

This means that you can get a 12-month fixed deposit rate of 1.10% p.a. instead of 1.00% p.a. for deposits of S$10,000 to S$19,999 with DBS.

Unlike other banks, DBS offers a higher fixed deposit interest rate for smaller deposit amounts. 

For example, the interest rate you would earn falls to just 0.05% p.a. for deposits of S$20,000 and above.

You can find the latest fixed deposit rate offered by DBS here. 

What are fixed deposits?

Fixed deposits earn you a guaranteed amount of interest for the money you put in over a specific period of time. 

Typically, you will lock in a sum of money (usually a minimum of $10,000) and the bank will pay you interest after a fixed period. 

The downside to a fixed deposit is that you will have to pay a penalty fee if you want to withdraw your money early.

Hence, Fixed deposits tend to work best as part of your Liquidity Pot, especially for money you do not need for the next few months. 

How do fixed deposit accounts compare to best savings accounts?

As seen from the Telegram group, many people are also interested in the best savings accounts apart from fixed deposit accounts. 

However, do note that the interest rates offered by savings accounts are subject to change, and you are not able to ‘lock-in’ the interest rates like for fixed deposits.

The highest maximum effective interest rate offered by savings accounts currently is 5.85% p.a., above the best fixed deposit rate.

Check out the best savings accounts with the highest interest rates here. 

How do fixed deposit rates compare to Singapore T-bill?

Beansprout has written enough on the Singapore treasury bill (T-bill) , so I will not be going into too much detail on them. 

The yield for the most recent 6-month Singapore T-bill auction was 1.70%, lower than the 6-month promotional fixed deposit rate of 2.00% p.a. offered by Citibank.

What is also important to note is that fixed deposits are covered under the Deposit Insurance Scheme.

This means that in the event that the bank faces problems repaying your money, all your insured deposits will be insured up to S$100,000 by the Singapore Deposit Insurance Corporation Limited (SDIC).

The Singapore T-bill is backed by the Singapore Government, but this does not make them entirely risk free. 

For example, you may lose part of your capital if you decide to sell your T-bill before six months. In this case, it might not just be the interest rates you are losing out on! 

I have summarised my thoughts comparing fixed deposit rates with the Singapore T-bills below.

Learn more about the Singapore T-bill here.

How do fixed deposit rates compare to Singapore Savings Bonds (SSBs)?

The Singapore Savings Bond (SSB) provides you with a simple and low-cost way to generate safe returns. Backed by the Singapore government, the SSB allows you to lock in long-term interest rates while offering flexibility of redeeming with no penalty. 

The 1-year average return on the most recent issuance of the Singapore Savings Bonds (SSB) is 1.65%, lower than the best 12-month fixed deposit rate offered by the banks.

The minimum investment amount for the SSB is S$500, while the minimum fixed deposit amount varies widely, from a few hundred dollars for some offers to S$20,000 or more for others.

As of 21 September 2026, our SSB interest rate projection estimates that the next SSB may offer a 10-year average return of approximately 2.43%.

Learn more about Singapore Savings Bonds here.

How do fixed deposit rates compare to cash management accounts?

You might have heard of Moomoo Cash Plus, Webull Moneybull or Longbridge Cash Plus discussed amongst investors in recent months. 

These are all cash management accounts that are seen as relatively safe and highly liquid alternatives to cash in the bank. 

By putting your money in a cash management account, you will be investing in money market funds or bond funds. 

These professionally managed funds will put your cash in instruments such as bank deposits or short-term debt to earn higher interest rates. 

Cash management accounts offer a relatively low-risk option for us to earn a potentially higher return on our cash.

For example, the indicative 7-day annualised yield of the Fullerton SGD Cash Fund was about +1.33% as of 21 September 2026

Learn more about the Fullerton SGD Cash Fund here. 

Compared to fixed deposits, cash management accounts offer more flexibility as they can be redeemed at short notice, usually in a few days. 

Unlike fixed deposits, cash management accounts are not capital guaranteed and are not insured under Singapore Deposit Insurance Corporation (SDIC).

Check out our comprehensive guide to cash management accounts in Singapore to select the best cash management account for your portfolio. 

Some robo-advisors have also introduced cash management solutions that offer guaranteed rates. They generate the returns by investing your funds into fixed deposits products provided by banks in Singapore.

For example, Syfe Cash+ Guaranteed is the cash management solution offered by Syfe which offers investors guaranteed rates for their idle cash. 

Learn more about Syfe Cash+ Guaranteed here. 

In addition, StashAway Simple Guaranteed also offers a cash management solution for 1 month, 3 months, 6 months or 12 months.

Learn more about StashAway Simple Guaranteed here. 

How do fixed deposit rates compare to best USD fixed deposit rates?

Some of you may have noticed that foreign currency fixed deposit accounts are now offering a higher interest rate compared to Singapore dollar fixed deposit accounts.  

While USD fixed deposit rates are higher compared to Singapore dollar fixed deposit rates, you should beware of foreign currency risk. Also, foreign currency fixed deposits are not covered by the Singapore Deposit Insurance Scheme.

Check out our guide to the best USD fixed deposit rates in Singapore to get the latest foreign currency fixed deposit rates.

Are there better fixed deposit rates for priority banking accounts?

Some banks may also offer priority banking customers a higher interest rate for fixed deposit accounts.

For example, Citigold customers can earn 1.40% p.a. for a three-month fixed deposit or 2.00% p.a. for six months using fresh funds. The minimum placement is S$5,000.

Standard Chartered Priority Banking customers can earn 1.80% p.a. for a 6-month time deposit, compared to 1.70% p.a. for Personal Banking customers. The minimum placement is S$25,000 in fresh funds. Priority Private customers can earn a higher rate of 2.00% p.a. for six months. The promotion runs until 30 September 2026. 

HSBC also offers higher promotional rates to its Premier customers. HSBC Premier customers can earn 1.60% p.a. for 3 months and 1.80% p.a. for 6 months, while Premier Elite customers can earn up to 2.00% p.a. for 6 months. The promotion requires at least S$30,000 in fresh funds and runs until 30 September 2026.

CIMB Preferred Banking customers can earn 1.85% p.a. for 12 months and 1.80% p.a. for 6 and 9 months, with a minimum online placement of S$10,000. New customers starting a CIMB Preferred Banking relationship can also earn a higher promotional rate of 2.33% p.a. for 6 months by placing S$250,000 in fresh funds. This welcome promotion runs until 30 September 2026.

RHB Premier Banking customers can now earn 1.40% p.a. for 3 months and 1.80% p.a. for both 6 and 12 months, with a minimum placement of S$20,000. This is 0.10 percentage point above the rates offered to Personal Banking customers across the same tenures. 

To find out the best fixed deposit interest rates for priority banking accounts, check out our comprehensive guide to priority banking accounts in Singapore.

What would Beansprout do?

I use fixed deposits as one of the ways to park my cash and ensure I have sufficient cash set aside for emergency uses. 

When comparing fixed deposits, I would consider the interest rate, minimum placement amount and how long I am comfortable setting aside my money.

As of 21 September 2026, HSBC and Bank of China offer the highest 3-month fixed deposit rate I found at 1.60% p.a. HSBC requires a minimum placement of S$30,000, while Bank of China requires just S$500 through mobile banking.

For a 6-month tenure, Citibank offers 2.00% p.a. with a minimum placement of S$5,000 in new funds, although the promotion is limited to eligible existing Citi customers and new Citigold customers.

Among the more broadly available alternatives, HSBC, HL Bank and SingFinance offer 1.80% p.a. for 6 months, with minimum placements ranging from S$10,000 to S$30,000. Bank of China also offers 1.80% p.a., although this requires a significantly higher placement of S$200,000.

For 9 months, CIMB and Bank of China offer 1.75% p.a. CIMB requires S$10,000 for Personal Banking customers, compared with S$200,000 at Bank of China.

For 12 months, Singapura Finance offers the highest rate I found at 1.81% p.a. under its limited-time Mid-Autumn promotion, with at least S$50,000 in fresh funds and walk-in placement required by 26 September.

If I do not qualify for this promotion or prefer a lower minimum placement, HL Bank, CIMB and SingFinance offer 1.80% p.a. for 12 months with S$10,000, while Bank of China also offers 1.80% p.a. with a higher minimum placement of S$200,000.

If I am comfortable setting aside my money for even longer, HL Bank offers 1.88% p.a. for 18 months and 2.00% p.a. for 24 months, with a minimum online placement of S$10,000.

Apart from fixed deposits, I would also use a mix of savings accounts, T-bills, Singapore Savings Bonds (SSBs) and money market funds for my pot of liquidity funds. 

I compare fixed deposits, savings accounts, T-bills, SSBs and money market funds to find the best places to park your cash in September 2026 here.

I share more about the best savings accounts with the highest interest rate in Singapore here.

To learn about how money market funds offer more liquidity compared to fixed deposits, you can read more here. 

You can also find out more about Singapore T-bills and Singapore Savings Bonds here. 

By finding the best place to park my cash, I know that I have a stable base for the rest of my portfolio to stay invested through markets ups and downs.

When this pot is properly set up, I know I can ride through market volatility without being forced to sell my investments at the wrong time.

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