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

We are now on Telegram. Click to join

HL Bank Singapore’s refreshed SGD fixed deposit promotion is live, with rates of 1.70% to 2.00% p.a. across 6-, 12-, 18- and 24-month tenors.

Effective from 4 Sep 2026, the promotion is open to new and existing HL Bank deposit accountholders. For eligible placements through HLB Connect online banking or the mobile banking app, the formal terms set a minimum fixed deposit of S$10,000. Funding can come from an existing HL Bank iSavings, Savings or Current account, or from fresh funds transferred to HL Bank, so fresh funds are not compulsory 💰.

The new round continues HL Bank’s recent upward repricing. The six-month promotional rate has moved from 1.55% p.a. on 31 Jul to 1.60% p.a. from the previous 21 Aug and now 1.70% p.a. from 4 Sep, a cumulative increase of 0.15 percentage point. The headline maximum has risen from 1.55% to 1.60% and now 2.00% p.a., although the latest top rate comes with a much longer 24-month tenor.

HL Bank fixed deposit promotional rates

HL Bank may revise the promotional rates and tenors, or suspend or terminate the promotion, without prior notice. This affects the availability and terms of new placements. Once an eligible fixed deposit has been successfully placed, its promotional interest rate applies throughout that deposit period from the first day of the deposit.

How HL Bank’s recent FD rates changed

Key condition: The headline 2.00% p.a. rate applies to the 24-month tenor. Shorter promotional tenors pay from 1.70% to 1.88% p.a., so reaching the top advertised rate requires a two-year placement.

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 the 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 📱.

Key checks before locking in funds

• For eligible HLB Connect online/mobile placements, keep at least S$10,000 ready 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. 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.

Branch assistance and deposit protection

For in-person assistance, the promotion page lists the HL Bank branch at 7 Wallich Street, #B1-25 and #B1-26, Guoco Tower, Singapore 078884. Check the HL Bank Singapore branch information before visiting.

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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Useful links

• Read the full HL Bank fixed deposit promotion terms and conditions on the HL Bank website (PDF).
• View the HL Bank Singapore fixed deposit promotion page for the latest product information.
• Compare the Standard Chartered 6-month SGD Time Deposit promotion from 28 Aug 2026, which also advertises up to 2.00% p.a. but has different fresh-funds, minimum-placement and customer-tier requirements.
• Compare more fixed deposit, time deposit and incremental balance offers from Singapore banks through the Singapore deposit rates comparison for a broader market overview 📈.

For funds that can remain untouched for the selected tenor, this promotion offers a straightforward way to lock in up to 2.00% p.a., with the top rate requiring a 24-month placement. Compare tenor, liquidity needs and alternative deposit offers before committing, particularly because premature withdrawal earns no interest and may also be subject to charges at HL Bank’s discretion. Before placing funds, confirm the latest rate and availability on the official HL Bank Singapore fixed deposit promotion page.

Share this with your friends & family members on Facebook!