HL Bank S’pore Up to 2.15% p.a. Fixed Deposit Promo Rates from 14 Oct 2026

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HL Bank Singapore has raised selected SGD fixed deposit promotional rates, offering up to 2.15% p.a. for a 24-month placement, with a lower entry requirement for online banking customers.

Effective 14 October 2026, the refreshed promotion offers four fixed deposit tenors ranging from six to 24 months, with interest rates between 2.05% and 2.15% p.a. 💰 The highest rate applies to the 24-month tenor, while the 18-month option has received the largest increase compared with the previous promotional rates.

Minimum placement: S$10,000 via HLB Connect online or mobile banking, compared with S$100,000 at the branch. Both channels offer the same promotional rates. Fresh funds are not compulsory, as money from an existing HL Bank iSavings, Savings or Current account may also be used.

⚠️ Important funding restriction: PayNow and online transfers directly into the fixed deposit account are unavailable. Where funds are held at another bank, transfer them via FAST into an HL Bank account first, then make the fixed deposit placement through HLB Connect.

HL Bank fixed deposit promotional interest rates 💰

The following SGD fixed deposit promotional rates apply to eligible placements from 14 October 2026:

All rates are quoted per annum (p.a.). The promotional rate applicable when an eligible fixed deposit is successfully placed remains effective throughout that deposit’s tenor. HL Bank may revise the rates and available tenors for subsequent placements without prior notice.

The 24-month placement at 2.15% p.a. provides the highest advertised annualised return, while the six- and 12-month options offer shorter commitments at 2.05% p.a. The 18-month option earns 2.12% p.a., sitting between the shorter tenors and the two-year placement.

How the latest rates compare with September’s promotion 📈

The latest revision brings further improvements to HL Bank’s longer-tenor fixed deposits compared with the previous promotional rates from 24 September 2026.

• 6 months: Remains unchanged at 2.05% p.a.
• 12 months: Remains unchanged at 2.05% p.a.
• 18 months: Increased from 1.88% to 2.12% p.a., an improvement of 0.24 percentage points 📈.
• 24 months: Increased from 2.10% to 2.15% p.a., an improvement of 0.05 percentage points 📈.

The 18-month tenor recorded this round’s largest increase. Looking further back, the six-month rate has climbed from 1.55% p.a. at the end of July to 2.05% p.a., although it has remained unchanged since 24 September. Earlier 3- and 9-month promotional tenors are also absent from the current schedule, which features six-, 12-, 18- and 24-month placements.

How does HL Bank compare? Against RHB Personal Banking’s fixed deposit promotion from 9 October 2026, HL Bank offers a higher 6-month rate of 2.05% versus 2.00% p.a., while RHB leads for 12 months at 2.10% versus 2.05% p.a. On a S$20,000 placement, these differences work out to approximately S$5 more interest at HL Bank over six months or S$10 more at RHB over 12 months. RHB requires a S$20,000 minimum placement, compared with HL Bank’s S$10,000 online minimum. RHB’s higher 2.20% p.a. rate is reserved for Premier Banking customers.

How to place an HL Bank fixed deposit online 📱

For existing HL Bank customers, placing a promotional fixed deposit can be completed through HLB Connect without visiting a branch. The online promotional minimum is S$10,000, and placement through the HLB Connect mobile banking app also qualifies.

New to HL Bank? Start by applying for an HL Bank iSavings Account online using Singpass through the official HL Bank online account application. Once the account is approved and funded, proceed with the fixed deposit placement through HLB Connect.

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

Step-by-step online placement

1. Prepare the funds: Ensure at least S$10,000 is available in an eligible HL Bank account. Funds held in an existing iSavings, Savings or Current account may be used.
2. Transfer funds if necessary: For money coming from another bank, use FAST to transfer the amount into an HL Bank account first. PayNow services and online transfers directly to the fixed deposit account are currently unavailable.
3. Log in to HLB Connect Online: Access the online banking platform using the relevant banking credentials.
4. Choose New Placement: Navigate to Pay & Transact and select New Placement under Fixed Deposit.
5. Enter placement details: Specify the deposit amount and preferred tenor of six, 12, 18 or 24 months, then select Next.
6. Review and submit: Confirm the placement amount, promotional interest rate and maturity instructions before selecting Submit.
7. Save the confirmation: Check that the transaction is successful and retain the one-time electronic receipt for reference 🧾.

These steps follow the HLB Connect Online banking process illustrated by HL Bank. Placements through the mobile banking app are also eligible, although the navigation and screen layout may differ slightly.

Prefer placing a fixed deposit at the branch?

In-person placements are available with a higher minimum deposit of S$100,000. The same four promotional interest rates apply, including the highest 2.15% p.a. rate for the 24-month tenor.

HL Bank Singapore Branch:
7 Wallich Street, #B1-25 and #B1-26
Guoco Tower, Singapore 078884

For enquiries regarding the promotion, contact HL Bank at +6560289800.

Important fixed deposit terms to check 🔍

• Eligibility: The promotional fixed deposit rates are available to new and existing HL Bank deposit account holders who meet the applicable placement requirements.
• Minimum placements: S$10,000 through HLB Connect online or mobile banking, or S$100,000 through the branch.
• Fresh funds are optional: Funds may originate from an existing eligible HL Bank account or be transferred into HL Bank from another financial institution.
• Interest calculation: Interest accrues daily using a 365-day year, or 366 days in a leap year, up to but excluding the maturity date.
• Interest payment: Interest is payable only upon maturity. No interest is payable where an eligible fixed deposit is withdrawn before its maturity date, and partial withdrawals are not permitted.
• Online placement records: No physical receipt or transaction advice is issued. The one-time electronic receipt displayed following successful placement, together with the Fixed Deposit Overview in HLB Connect, serves as the official placement record.
• Branch placement records: An electronic placement receipt is sent to the registered email address after successful placement. This receipt and the Fixed Deposit Overview serve as the official placement records.
• Automatic renewal: Unless HL Bank receives alternative instructions before maturity, the fixed deposit automatically renews for the same tenor at the prevailing board interest rate and applicable terms. The renewal rate may differ from the original promotional rate 🔁.
• Other promotions: The fixed deposit promotional rates cannot be combined with other HL Bank promotions unless otherwise specified.
• Rate revisions: HL Bank reserves the right to revise promotional rates and tenors, amend the terms or suspend the promotion without prior notice.

Before confirming a placement, check the displayed interest rate and maturity instructions carefully. In particular, an automatic renewal at the prevailing board rate may produce a different return from the original promotional placement.

🎁 HL Bank also has a separate Hello Kitty fixed deposit gift offer for 12-, 18- or 24-month placements of at least S$100,000 (Travel Game Set) or S$250,000 (Full-Sized Game Set). An additional S$5,000 fresh-funds transfer must be maintained for six months. Gifts are limited and subject to conditions. These additional requirements do not apply to the standard fixed deposit promotional interest rates.

Official promotion details and further comparisons

For complete eligibility requirements and the latest promotional information, refer to the following resources:

• HL Bank online fixed deposit promotion terms and conditions (PDF).
• HL Bank branch fixed deposit promotion terms and conditions (PDF).
• HL Bank Singapore official fixed deposit promotion page for current rates, account information and other promotional details.
• Singapore fixed deposit and savings rates comparison for other fixed deposit, time deposit and incremental-balance offers from Singapore banks.

With up to 2.15% p.a. available over 24 months, HL Bank’s refreshed promotion offers another option for locking in SGD savings, particularly with online placements starting from S$10,000. The shorter tenors remain available for deposits that cannot be committed for two years. Check the official HL Bank fixed deposit promotion page for the prevailing rates and requirements before confirming a placement.

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