(EXPIRED) HL Bank S’pore Up to 2% p.a. Fixed Deposit Promo Rates from 17 Sep 2026

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HL Bank Singapore has refreshed its SGD fixed deposit promotion with rates from 1.80% to 2.00% p.a. across 6-, 12-, 18- and 24-month tenors, giving savers a choice of shorter and longer lock-in periods.

Update 24 Sep: HL Bank S’pore Up to 2.10% p.a. Fixed Deposit Promo Rates from 24 Sep 2026

Effective from 17 Sep 2026, the promotion is open to new and existing HL Bank deposit accountholders. For placements made through HLB Connect online banking or the mobile banking app, the minimum eligible fixed deposit is S$10,000. Funding may come from fresh funds or from an existing HL Bank iSavings, Savings or Current account transferred electronically to HL Bank, so fresh funds are not compulsory 💰. The current online terms do not state a fixed end date; HL Bank will determine when the promotion ends.

The promotional page also lists a S$100,000 minimum placement for branch placements under the same published rate table. For in-person placements, HL Bank’s branch is at 7 Wallich Street, #B1-25 and #B1-26, Guoco Tower, Singapore 078884. For branch enquiries, contact HL Bank at +65 6028 9800.

HL Bank fixed deposit promotional rates

Rates and tenors may be revised, and the promotion may be suspended or terminated, without prior notice. Once an eligible fixed deposit has been successfully placed, its promotional interest rate applies throughout that deposit period from the first day of placement.

How HL Bank’s recent FD rates changed

The six-month promotional rate has climbed from 1.55% p.a. on 31 Jul to 1.60% p.a. from 21 Aug, 1.70% p.a. from 4 Sep and 1.80% p.a. from 17 Sep – a cumulative increase of 0.25 percentage point. The 12-, 18- and 24-month rates are unchanged from the historical 4 Sep offer, while the earlier 3- and 9-month promotional tenors seen in the historical 21 Aug offer are no longer listed.

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.

New-account requirements and fees: The current HL Bank iSavings Account has a S$1,000 minimum initial deposit. This is an account funding requirement rather than a fee. A S$30 early closure fee applies if the account is closed within six months of opening, while the minimum-balance fee is currently waived.

The steps below follow the HLB Connect Online placement process. Placement through the HL Bank mobile banking app is also eligible under the promotion terms, although on-screen navigation may differ.

1. Ensure sufficient funds are available in an eligible HL Bank account. If external funding is required, transfer the funds into the HL Bank account using FAST. PayNow services and online transfers directly to the fixed deposit account are currently unavailable.
2. Log in to HLB Connect Online.
3. Open Pay & Transact and select New Placement.
4. Enter the placement amount, select the required tenor and choose Next.
5. Review the promotional rate, maturity instructions and placement details, then choose Submit.
6. Check for a successful transaction status and save the one-time electronic receipt 📱.

Funding route: PayNow and online transfers directly to the fixed deposit account are unavailable. Where funds are coming from another bank, transfer them into an HL Bank account first, such as via FAST, before creating the fixed deposit placement. Existing funds may come from an HL Bank iSavings, Savings or Current account.

Key checks before locking in funds

• For eligible HLB Connect online or mobile placements, keep at least S$10,000 available before starting 🔍.
• Fresh funds are optional; balances from eligible existing HL Bank accounts can also be used.
• Interest is computed daily on a 365-day year, or 366 days in a leap year, and is payable only at maturity.
• No interest is payable if the eligible fixed deposit is withdrawn before maturity, and partial withdrawal is not allowed ⚠️.
• Premature withdrawal may also involve charges: HL Bank’s current Personal Pricing Guide says premature withdrawal is at the Bank’s discretion and may be subject to premature withdrawal charges. Applicable fees and charges may also be subject to local taxes, including GST where applicable.
• No physical receipt or transaction advice is issued for an eligible fixed deposit placed online. Save the one-time electronic receipt and retain the Fixed Deposit Overview shown in HLB Connect as the official placement record 🧾.
• Unless different maturity instructions reach HL Bank before maturity, the fixed deposit renews for the same tenor at the prevailing board rate and applicable terms 🔁.
• The promotion cannot be combined with other HL Bank promotions unless otherwise specified.

Interest is calculated up to but excluding the maturity date.

Useful links

• Read the current HL Bank online fixed deposit promotion terms and conditions (PDF).
• Read the HL Bank branch fixed deposit promotion terms and conditions (PDF).
• Check the HL Bank Singapore fixed deposit promotion page for prevailing rates and product information.
• Compare more fixed deposit, time deposit and incremental-balance offers through the Singapore deposit rates comparison; same-day bank revisions may appear before the comparison page is refreshed.

HL Bank’s refreshed offer provides up to 2.00% p.a., with the headline rate requiring a 24-month placement. Compare the lock-in period, minimum placement, liquidity needs and maturity instructions before committing funds, particularly because premature withdrawal earns no promotional interest and may be subject to charges. Before placing funds, confirm the prevailing rate and availability on the official HL Bank Singapore fixed deposit promotion page.

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