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Grow your savings steadily with a straightforward fixed deposit plan
Looking for a low-volatility way to park fresh funds in SGD? HL Bank Singapore’s latest fixed deposit campaign offers up to 1.50% p.a. for selected tenors, giving savers a practical option to lock in returns while keeping the process simple 💡.
Compared with the earlier 15 Jan rates, the 6-month option is revised downwards by 0.1%, which may appeal to those preferring a shorter commitment window 📈.
Placement can be completed via HLB Connect or at any HL Bank Singapore branch, so both digital-first and counter-service preferences are covered ✅.
Fixed deposit promotional rates
| Channel | Promotional Rates | Minimum Placement Amount | |
|---|---|---|---|
| 6 months | 12 months | ||
| Online* | 1.50% p.a. | 1.30% p.a. | S$10,000 |
| Branch | 1.45% p.a. | 1.25% p.a. | S$100,000 |
Important: Promotional rates may be revised by the bank without prior notice. For the latest confirmation before placement, contact HL Bank Singapore at +6560289800 ☎️.
How to place a fixed deposit
- Via HLB Connect: Log in to HL Bank online/mobile banking, select fixed deposit, choose the preferred tenor, and complete the on-screen steps 📱.
- At a branch: Visit any HL Bank Singapore branch and request staff assistance to place funds under this promotion 🏦.
What to check before placing funds
- Confirm that placement qualifies as fresh funds under campaign rules 🔍.
- Match tenor choice to cashflow needs (6 months for flexibility, 12 months for longer lock-in) 🗓️.
- Review full terms for early withdrawal treatment, eligibility details, and operational cut-off timing 🧾.
- Premature withdrawal does not earn interest, and partial withdrawal is not allowed ⚠️.
- At maturity, placement renews at prevailing board rates unless prior instructions are submitted 🔁.
- For online placement, direct PayNow/online transfer into the fixed deposit account is not available; fund the HL Bank account first.
Terms and more information
- Full promotion terms and conditions are available here (PDF).
- Additional details on HL Bank Singapore’s fixed deposit promotion can be found here.
- Compare other fixed, time, and incremental deposit options across banks here for a broader market view 📊.
For enquiries, HL Bank Singapore can be reached at +6560289800 during operating hours.
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