(Updated 13 Nov 2025) Best Singapore Fixed Deposit Rates and Savings Accounts

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Maximise Your Earnings: Top Bank Savings and Deposit Rates in Singapore

Individuals in Singapore have the opportunity to earn high interests with select bank savings and fixed or time deposit accounts. This guide provides an in-depth look at the most competitive rates available.

Understanding the inherent stability of deposits is crucial. Unlike other financial instruments that are subject to market fluctuations, fixed deposits offer a secure option with significantly lower risk. They ensure that your capital remains intact, providing peace of mind and a reliable safety net for your hard-earned money.

Please note that all promotional offers mentioned herein are subject to specific terms and conditions and may change anytime. You are advised to thoroughly review these stipulations prior to engagement. Mistakes and typos may happen, please do your due diligence and verify before committing

Deposits are categorised into two primary types:

• Fixed/Time Deposits: These require the allocation of funds – typically fresh funds – in an account for a predetermined duration.
• Incremental Balance Promotions: These promotions necessitate an increase in the average balance of your account over a set period, using fresh funds

The term ‘fresh funds’ refers to money transferred into the bank account from outside-the-bank sources.

Click on a link to jump to a specific section

1. Best Fixed Deposit Promotions
2. Best Fresh Funds Promotions (Up to 1.95% p.a.)
3. Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 3% p.a.)
4. Best Debit Cards For Overseas Usage
5. Referral Codes
6. Revision History

Best Fixed Deposit Promotions

These fixed deposit schemes may require fresh funds to qualify for the advertised rates. These promotions offer the overall best interest rate if you don’t have the need to access your funds for the specified terms.

FAQ: Which bank is offering the very best fixed deposit rate? It depends on the tenor, amount, fund freshness and customer tier. The highest rate for 1-mth, 3-mth, 6-mth and 12-mth tenors assuming max funds, fresh funds and mid-tier ($200k – $350k) are indicated below for your convenience.

1. OCBC Bank S’pore Fixed Deposit Rates Offers Up To 1.15% p.a. from 1 Sep 2025
2. ICBC Cuts Fixed Deposit Promo Rates from 16 Sep 2025, earn up to 1.25% p.a.
3. ICICI Bank Singapore Up To 1.3% p.a. HIGHEST 12-mth (1.3%)
4. Bank of East Asia 1.4% p.a. 3-mth, 1.18% p.a. 12-mth HIGHEST 3-mth (1.4%)
5. UOB Singapore up to 1.2% p.a. fixed deposit promo from 1 Nov 2025
6. Bank of China (BOC) up to 1.4% p.a. fixed deposit promo from 3 Nov 3-mth (1.4%), 6-mth (1.4%)
7. RHB Bank S’pore Updates Promo FD Rates to up to 1.35% p.a. Effective 4 Nov 2025
8. Standard Chartered 6-Month Fixed Deposit Promo Offers Up To 1.15% p.a. from 4 Nov
9. CIMB revises FD promo rates from 5 Nov 2025, offers up to 1.3% p.a.
10. Maybank Singapore iSAVvy Time Deposit Earn Up to 1.3% p.a. From 10 Nov 2025
11. SingFinance revises fixed deposit promo rates from 13 Nov – earn up to 1.3% p.a. HIGHEST 1-mth (1.3%)

The following offers may have deposit limits, don’t support FAST transfers and/or may have other restrictions

1. MariBank 1.3% p.a. 1-mth, 1.38% 3-mth, 1.40% 6-mth (min $100) as of 4 Nov
   • Max $100k across all accounts
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
2. DBS/POSB Fixed Deposit Offers Up to 1.6% p.a. from 19 Aug 2025
   • Max $20k per person
3. Singapura Finance Vivid Fixed Deposit Up to 1.4% p.a.
   • FAST transfers don’t appear to be supported
4. Singapore Savings Bonds Offers Up to 1.85% p.a. in Latest Issue, Apply by 25 Nov 2025 *SSB*
   • Max $200k per person
   • Application via supported major banks only

The following offers are not SDIC insured (subject to underlying bank risk)

1. Syfe Cash+ Guaranteed up to 1.4% p.a. (as of 4 Nov)
2. Stashaway Simple Guaranteed up to 1.4% p.a. (as of 4 Nov)

Best Fresh Funds Promotions (Up to 1.95% p.a.)

Such promotions offer flexibility, allowing you to access your funds without the restrictions commonly associated with fixed deposits. These promotions offer the second best interest rate and also allow you to withdraw the funds anytime, even partially.

1. Standard Chartered e$aver Promo Earn Up to 1.95% p.a. Till 30 Nov 2025
2. Maybank S’pore Nov/Dec 2025 Fresh Funds Promo Offers Up to 1.6% p.a. till 31 Dec

Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 3% p.a.)

These High-Yield Savings Accounts (HYSA) accounts DO NOT have any of these requirements – salary crediting, GIRO payments, bill payments, purchase of investment / insurance / wealth products and/or minimum card spending to enjoy the interest rates.

They MAY have conditions such as minimum balance requirement to achieve max interest rate (most accounts except MariBank), tiered interest rates (most accounts except MariBank) and maintaining the monthly average balance (UOB Stash). You can place funds and leave them there to accumulate compounding interest, but note that banks may revise mechanics. Some banks may also have inactivity/dormant clauses.

These usually offer the third best effective interest rate, allowing you to withdraw the funds anytime and do not require any regular action from your end to earn the interest.

1. CIMB Up to 1.58% p.a. with FastSaver on first $75k
   • Max effective interest rate 1.0533% p.a. with $75k
2. CIMB Up to 1.58% p.a. with StarSaver
   • Max effective interest rate 1.397% with $1m
3. MariBank Mari Savings Account flat 1.28% p.a. on first $100k
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
   • Drops to 0.88% p.a. from 1 Dec 2025. More info
4. RHB High Yield Savings Plus Account up to 1.5% p.a.
5. UOB Stash Account earn up to 3% p.a. interest on first $100k
   • Monthly Average Balance must not decrease
   • Maximum Effective Interest Rate for $100,000 is 2.045% p.a.
   • From 1 Dec, rates will be lowered. More info [PDF]
6. HL Bank iSavings Account earn up to 1.08% p.a.
   • Maximum Effective Interest Rate is 1.055% for $3m
7. Sing Investments & Finance Gosavers Account up to 1.3% p.a.
   • Max effective interest rate 1.3% p.a. with $100,000.
8. Standard Chartered JumpStart Account 1% p.a. on first S$50,000
   • Must be age 18 – 26 at sign-up
   • Account won’t be closed after you get older than 26
9. BOC SuperSaver up to 1.60% p.a.
   • Account must be linked to PayNow to earn bonus interest
   • Max effective interest rate 1.32% p.a. with S$100,000
10. Singapura Finance Vivid Savings Account up to 1.28% p.a. on first $200k
    • Max effective interest rate 1.25% with $200,000
11. Maybank iSAVvy Savings Account up to 1%
12. Hong Leong Finance Premium SAVER Account up to 1.28% p.a.
    • FAST transfers may not be supported

Best Debit Cards For Overseas Usage

These cards provide savings of up to 3.25% when used overseas as compared to using common debit cards such as DBS debit cards that are not linked to a multi currency account or using an unsupported currency.

1. Trust Bank Debit/Credit *Recommended*
   • Local bank with good exchange rates, funds earn interest, no annual fee
   • Cashback credit card offers up to 15% cashback, see T&Cs for details
   • Use Trust Bank referral code QP4KSSYY when signing up to get guaranteed cashback reward ranging from a minimum of S$5 to S$1,000 (until Dec 2025)
2. Youtrip Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Funds do not earn interest
   • Use this Youtrip referral link to get $5
3. Wise Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Hold over 40 currencies to convert and send money
   • Funds do not earn interest unless placed in a at-risk account (if so, can’t be used for transactions)
4. Revolut Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee unless using non-Standard plans
   • Extra 1% currency conversion fees on weekends

Referral Codes

Use these referral codes to unlock extra rewards when signing up for the banks below – and we earn a commission for each successful referral. Please note that referral mechanics and T&Cs may change anytime but we do our best to keep the list updated

1. MariBank
   • Use referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
   • As of Sep 2025: Get S$12 cash credited to your Mari Savings Account instantly when you successfully apply for a Mari Credit Card Bundled or Mari Credit Card Instant Loan Bundle.
2. Standard Chartered
   • Selected Cards & Products – Sign up selected products with referral code 62C5B and be rewarded. More info here
   • Priority Banking Referral Programme – Receive a sign-up reward as mentioned here. Min S$200k qualifying assets required. Provide your full name, mobile number, email address and nationality here for us to refer you. The information submitted will only be used for referring purpose.
3. Trust Bank
   • Use Trust Bank referral code QP4KSSYY when signing up. More info here
   • Until Dec 2025: Get guaranteed cashback reward ranging from a minimum of S$5 to S$1,000
4. Youtrip
   • Use this Youtrip referral link to get $5.

Revision History

Here are the last few changes by most recent first. Increase/Decrease refers to whether the returns have generally increased or decreased.

13 Nov 2025

• Fixed Deposit: SingFinance Fixed Deposit (increase)

10 Nov 2025

• Fixed Deposit: Maybank (increase)

5 Nov 2025

• Fixed Deposit: CIMB (decrease)

4 Nov 2025

• Fixed Deposit: RHB (decrease), Standard Chartered, SingFinance Fixed Deposit (increase)

3 Nov 2025

• Fixed Deposit: BOC (increase), SSB (increase)

1 Nov 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: HL Bank iSavings (decrease), Maybank iSAVvy (decrease), MariBank Mari Savings update from 1 Dec, UOB Stash update from 1 Dec
• Fixed Deposit: UOB (same)
• Fresh Funds Promotions: Maybank (same)

24 Oct 2025

• Fixed Deposit: Maybank (increase)

20 Oct 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: CIMB FastSaver (decrease), CIMB StarSaver (decrease)
• Fixed Deposit: BOC (increase)

13 Oct 2025

• Fixed Deposit: BOC (increase), Singapura Finance Vivid Fixed Deposit (increase)

10 Oct 2025

• Fixed Deposit: Bank of East Asia (decrease)

6 Oct 2025

• Fixed Deposit: BOC (increase)

1 Oct 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: Maybank iSAVvy Savings Account (decrease), Singapura Finance Vivid Savings (decrease)
• Fresh Funds Promotions: Maybank (decrease), Standard Chartered (decrease)
• Fixed Deposit: CIMB (decrease), UOB (same)

30 Sep 2025

• Fixed Deposit: SBI (removed)

29 Sep 2025

• Fixed Deposit: RHB (increase)

23 Sep 2025

• Fixed Deposit: Maybank (decrease), ICICI (decrease), Bank of East Asia (decrease), SingFinance (decrease)

22 Sep 2025

• Fixed Deposit: BOC (decrease)

20 Sep 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: CIMB FastSaver (decrease), CIMB StarSaver (decrease)

17 Sep 2025

• Fixed Deposit: UOB (decrease)

16 Sep 2025

• Fixed Deposit: ICBC (decrease)

15 Sep 2025

• Fixed Deposit: BOC (decrease)

11 Sep 2025

• Fixed Deposit: SingFinance (decrease)

8 Sep 2025

• Fixed Deposit: BOC (decrease), Maybank (decrease), Vivid (decrease)

5 Sep 2025

• Fixed Deposit: CIMB (decrease)

4 Sep 2025

• Fixed Deposit: ICBC (decrease)

3 Sep 2025

• Fixed Deposit: Bank of East Asia (decrease)

2 Sep 2025

• Fixed Deposit: SingFinance (decrease)

1 Sep 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: MariBank Mari Savings (decrease), Trust Bank Savings (decrease), SIF GoSavers (decrease), SC JumpStart (decrease), Maybank iSAVvy (decrease), HL Bank iSavings (decrease)
• Fresh Funds: Maybank (decrease)
• Fixed Deposit: BOC (decrease), UOB (decrease), CIMB (decrease), Maybank (decrease), OCBC (decrease), SSB (decrease), MariBank (new)

27 Aug 2025

• Fixed Deposit: Bank of East Asia (decrease)

25 Aug 2025

• Fixed Deposit: CIMB (decrease), BOC (decrease), SingFinance (decrease), Vivid (decrease)

23 Aug 2025

• Fixed Deposit: UOB (decrease)

22 Aug 2025

• Fixed Deposit: Maybank (decrease)

20 Aug 2025

• Fixed Deposit: DBS/POSB (decrease)

19 Aug 2025

• Fixed Deposit: SingFinance (decrease)

18 Aug 2025

• Fixed Deposit: BOC (decrease), CIMB (6-mth increase). SBI (removed)

14 Aug 2025

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (decrease)

12 Aug 2025

• Fixed Deposit: ICBC (decrease), Bank of East Asia (decrease), Maybank (increase), OCBC (decrease)

11 Aug 2025

• Fixed Deposit: BOC (increase)

7 Aug 2025

• Fixed Deposit: SBI (decrease)

5 Aug 2025

• Fixed Deposit: Maybank (decrease), SingFinance (decrease)
• High-Yield Savings: CIMB (decrease)

4 Aug 2025

• Fixed Deposit: RHB (decrease)

1 Aug 2025

• Fixed Deposit: CIMB (decrease), UOB (decrease), SSB (decrease)
• High-Yield Savings: BOC SuperSaver (decrease)
• Fresh Funds: Standard Chartered (decrease)

If you’ve discovered an attractive banking offer, share it in the comments section below.

The information contained in this article is for informational purposes only and does not constitute financial advice. We are not a licensed or accredited financial advisor. Before making any financial decisions, including those involving fixed deposits, please consult with a qualified financial professional and refer to the latest guidelines issued by the Monetary Authority of Singapore (MAS). The views expressed here are solely our own and do not represent the opinions of any regulated financial institution. We accept no liability for any loss or damage incurred as a result of the use of this information.

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