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DBS/POSB has revised fixed deposit rates to up to 1.6% per annum, effective from 19 August 2025.
This scheme features a tiered structure that benefits everyday savers. Deposits between S$1,000 and S$19,999 enjoy highly competitive rates, reaching up to 1.6% p.a. Unlike some offers that require larger sums, this plan is inclusive and accessible, making it easier for individuals and families to grow their funds securely.
How It Compares
These rates reflect a downward adjustment by up to 0.85% from the December 2024 promotion. Despite the decrease, the offer remains appealing in today’s interest rate environment, particularly for individuals seeking stable, guaranteed returns without risk.
How to Apply
Opening a DBS/POSB Singapore Dollar (S$) Fixed Deposit Account is quick and hassle-free:
The entire process can be completed online, ensuring customers can allocate their savings securely without visiting a branch.
Fixed Deposit Rates at a Glance
Below is the partial table of rates for different deposit periods:
| Period | $1,000 – $9,999 | $10,000 – $19,999 |
|---|---|---|
| 1 mth | 0.3000 | 0.3000 |
| 2 mths | 0.5000 | 0.5000 |
| 3 mths | 0.5500 | 0.5500 |
| 4 mths | 0.6500 | 0.6500 |
| 5 mths | 1.0000 | 1.0000 |
| 6 mths | 1.4000 | 1.4000 |
| 7 mths | 1.5500 | 1.5500 |
| 8 mths | 1.6000 | 1.6000 |
| 9 mths | 1.6000 | 1.6000 |
| 10 mths | 1.6000 | 1.6000 |
| 11 mths | 1.6000 | 1.6000 |
| 12 mths | 1.6000 | 1.6000 |
These rates show that even short-term placements such as 1-6 months provide competitive returns
DBS accepts new placements for tenors 12 months and below. Interest rates for tenors of 18 months and above are applicable only to rollover of existing placements at the same tenor.
Additional Information
For the full list of DBS/POSB Singapore Dollar fixed deposit rates, click here. To compare with other banks’ offerings and discover the best deals available now, visit this page.
The DBS/POSB fixed deposit promotion starting 19 August 2025 is ideal for savers looking for a secure and reliable way to grow their money. With low entry requirements, transparent processes, and strong rates of up to 1.6% p.a., it is a compelling option for individuals seeking both short-term flexibility and long-term stability. While returns have moderated compared to late 2024, this offer remains highly competitive in the Singapore market, especially for those prioritising safety and peace of mind over market-linked risks.
Tip: Savers who may need liquidity in the near term might choose shorter tenors, while those confident about leaving their funds untouched could lock in the 1.6% rate for longer periods, ensuring consistent returns.
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