(EXPIRED) HL Bank S’pore Up to 1.60% p.a. FD Promo from 21 Aug 2026

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Put SGD funds to work with HL Bank Singapore’s online fixed deposit promotion, now offering up to 1.60% p.a. with a minimum placement of S$10,000.

Update: HL Bank S’pore Up to 2% p.a. Fixed Deposit Promo Rates from 4 Sep 2026

The refreshed offer has been available since 21 August 2026 for new and existing HL Bank deposit account holders. Placement is made through HLB Connect online banking or the HL Bank mobile banking app, with eligible funds coming from an existing HL Bank iSavings, Savings or Current account, or from funds transferred into HL Bank 💰.

Fresh funds are not compulsory, which gives more flexibility when deciding whether to use existing balances or transfer money in from another bank. The promotional rates shown below apply to online fixed deposit placements.

HL Bank fixed deposit promotional rates

Compared with the previous 31 July promotion, the six-month rate has risen from 1.55% to 1.60%, an increase of 0.05 percentage point 💹. The nine-month rate has moved from 1.50% to 1.60%, an increase of 0.10 percentage point 💹.

As fixed deposit rates are quoted per annum, the actual interest earned over three, six or nine months will be lower than the headline annualised percentage. Interest is calculated daily using a 365-day year, or 366 days in a leap year, and is paid only at maturity.

How HL Bank rates changed from 31 July

Compared with the 31 July 2026 HL Bank promotion, two of the three listed tenors now pay more:

The nine-month tenor records the larger increase, while the six- and nine-month choices now carry the same 1.60% p.a. promotional rate. This represents a short-term upward repricing from the immediately preceding round.

How to place the fixed deposit online

No HL Bank Fixed Deposit Account yet? Start by opening an HL Bank iSavings Account online via Singpass through the official HL Bank account application.

1. Ensure sufficient funds are available in an eligible HL Bank account. If external funding is required, transfer the amount into the HL Bank account using FAST.
2. Log in to HLB Connect online banking or the HL Bank mobile banking app.
3. Open Pay & Transact and select New Placement.
4. Enter the placement amount and choose the required three-, six- or nine-month tenor, then select Next.
5. Review the promotional rate, maturity instructions and placement details before selecting Submit.
6. Check the transaction status and save the one-time electronic receipt after successful placement 📱.

Important: PayNow services and online transfers directly into the fixed deposit account are not available. Route funds into an eligible HL Bank account first, including via FAST where applicable, before creating the fixed deposit placement.

For in-person assistance, HL Bank’s current Singapore information lists its branch at 7 Wallich Street, #B1-25 and #B1-26, Guoco Tower, Singapore 078884. Check the HL Bank Singapore branch information before visiting. The promotional rates above apply to online placements through HLB Connect.

Checks before locking in funds

• Confirm a minimum placement of S$10,000 through HLB Connect 🔍.
• Eligible funding can come from an existing HL Bank iSavings, Savings or Current account, or from funds transferred into HL Bank.
• Fresh funds are not compulsory.
• Choose a three-, six- or nine-month tenor that fits expected cashflow needs, while keeping sufficient liquid savings outside the fixed deposit 🗓️.
• Interest is calculated daily and paid only at maturity.
• No interest is payable following premature withdrawal, and partial withdrawal is not allowed ⚠️.
• No physical receipt or transaction advice is issued. Save the one-time electronic receipt and retain the Fixed Deposit Overview displayed in HLB Connect as placement records 🧾.
• The promotion cannot be combined with other HL Bank promotions unless otherwise specified.
• Without alternative instructions received before maturity, the fixed deposit renews for the same tenor at the prevailing board rate and applicable terms 🔁.
• Eligible Singapore-dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member.

Official terms and useful comparisons

• Read the full HL Bank fixed deposit promotion terms and conditions here (PDF).
• View the HL Bank Singapore fixed deposit promotion page for additional product information.
• Compare more fixed deposit, time deposit and incremental balance offers from Singapore banks here for a broader market overview 📈.

Bottom line

For funds that can remain untouched for several months, the current HL Bank offer provides a straightforward online option with six- and nine-month promotional rates of 1.60% p.a. Compare tenor, liquidity needs and alternative deposit offers before committing funds, especially because premature withdrawal earns no interest.

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