Beansprout logo
Subscribe
Compare Yield

Fixed Deposit

Fixed Deposit

At a glance

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 and the bank will pay you interest after a fixed period.

Risks

  • Liquidity Risk: Deposit is typically locked up for at least 3 months, with potential penalty for early withdrawal

Latest bank rates

Based on various bank websites as of 04 Mar 2024.

Best 3 month FD

  • ICBC 3 Month
    3.35%
    Minimum sum
    SGD 500
  • Bank of China 3 Month
    3.35%
    Minimum sum
    SGD 500
  • Citi 3 Month
    3.30%
    Minimum sum
    SGD 50,000

Best 6 month FD

  • Bank of China 6 Month
    3.25%
    Minimum sum
    SGD 500
  • CIMB 6 month
    3.25%
    Minimum sum
    SGD 10,000
  • ICBC 6 Month
    3.20%
    Minimum sum
    SGD 500

Best 12 month FD

  • SBI 12 Month
    3.20%
    Minimum sum
    SGD 50,000
  • DBS/POSB 12 Month
    3.20%
    Minimum sum
    SGD 1,000
  • Bank of China 12 Month
    3.10%
    Minimum sum
    SGD 500
Find the best fixed deposit rate

Useful resources