(Updated 27 Aug 2025) Best Singapore Fixed Deposit Rates and Savings Accounts

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Maximise Your Earnings: Top Bank Savings and Deposit Rates in Singapore

Individuals in Singapore have the opportunity to earn high interests with select bank savings and fixed or time deposit accounts. This guide provides an in-depth look at the most competitive rates available.

Understanding the inherent stability of deposits is crucial. Unlike other financial instruments that are subject to market fluctuations, fixed deposits offer a secure option with significantly lower risk. They ensure that your capital remains intact, providing peace of mind and a reliable safety net for your hard-earned money.

Please note that all promotional offers mentioned herein are subject to specific terms and conditions and may change anytime. You are advised to thoroughly review these stipulations prior to engagement. Mistakes and typos may happen, please do your due diligence and verify before committing

Deposits are categorised into two primary types:

• Fixed/Time Deposits: These require the allocation of funds – typically fresh funds – in an account for a predetermined duration.
• Incremental Balance Promotions: These promotions necessitate an increase in the average balance of your account over a set period, using fresh funds

The term ‘fresh funds’ refers to money transferred into the bank account from outside-the-bank sources.

Click on a link to jump to a specific section

1. Best Fixed Deposit Promotions
2. Best Fresh Funds Promotions (Up to 2.4% p.a.)
3. Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 3.28% p.a.)
4. Best Debit Cards For Overseas Usage
5. Revision History

Best Fixed Deposit Promotions

These fixed deposit schemes may require fresh funds to qualify for the advertised rates. These promotions offer the overall best interest rate if you don’t have the need to access your funds for the specified terms.

FAQ: Which bank is offering the very best fixed deposit rate? It depends on the tenor, amount and fund freshness. The highest rate for 1-mth, 3-mth, 6-mth and 12-mth tenors are indicated below for your convenience.

1. Singapore Savings Bonds Offers Up to 2.11% p.a. in Latest Issue, Apply by 26 Aug 2025 *SSB* HIGHEST 12-mth SSB (1.71%)
2. RHB Bank S’pore Cuts FD Promo Rates to Max 1.5% p.a. from 4 Aug 2025
3. ICBC Singapore Updates Fixed Deposit Rates to Max 1.5% p.a. from 12 Aug 2025
4. OCBC Bank Fixed Deposit Offers Up To 1.35% p.a. as of 12 Aug 2025
5. DBS/POSB Fixed Deposit Offers Up to 1.6% p.a. from 19 Aug 2025 (max 20k)
6. Maybank S’pore Revises iSAVvy Time Deposit Rates to up to 1.45% p.a. from 22 Aug 2025
7. UOB S’pore cuts SGD fixed deposit promo rates from 20 Aug 2025, top return now 1.50% p.a.
8. CIMB Singapore cuts FD promo rates from 25 Aug 2025, max 1.55% p.a. online HIGHEST 3-mth (1.55%)
9. BOC Singapore Revises FD Rates from 25 Aug 2025, Earn Up To 1.55% p.a. HIGHEST 1-mth (1.5%), 3-mth (1.55%), 6-mth (1.55%), 12-mth (1.5%)
10. SingFinance Lowers FD Rates to Max 1.5% p.a. from 25 Aug 2025

The following offers may not support FAST transfers and may have other restrictions

1. Bank of East Asia Up To 1.6% p.a.
2. ICICI Bank Singapore Up To 1.5%
3. Singapura Finance Vivid Fixed Deposit Up to 1.5%

The following offers are not SDIC insured (subject to underlying bank risk)

1. Syfe Cash+ Guaranteed up to 1.8% p.a. (as of 1 Aug)
2. Stashaway Simple Guaranteed up to 1.75% p.a. (as of 1 Aug)

Best Fresh Funds Promotions (Up to 2.4% p.a.)

Such promotions offer flexibility, allowing you to access your funds without the restrictions commonly associated with fixed deposits. These promotions offer the second best interest rate and also allow you to withdraw the funds anytime, even partially.

1. Maybank Latest Fresh Funds Top-up Promotion Offers Up to 2.4% p.a. till 31 Aug
2. Standard Chartered e$aver Promo Offers 1.8%-2.2% p.a. on Fresh Funds Till 30 Sep

Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 3.28% p.a.)

These High-Yield Savings Accounts (HYSA) accounts DO NOT have any of these requirements – salary crediting, GIRO payments, bill payments, purchase of investment / insurance / wealth products and/or minimum card spending to enjoy the interest rates.

They MAY have conditions such as minimum balance requirement to achieve max interest rate (most accounts except MariBank), tiered interest rates (most accounts except MariBank) and maintaining the monthly average balance (UOB Stash). You can place funds and leave them there to accumulate compounding interest, but note that banks may revise mechanics. Some banks may also have inactivity/dormant clauses.

These usually offer the third best effective interest rate, allowing you to withdraw the funds anytime and do not require any regular action from your end to earn the interest.

1. CIMB Up to 2.5% with FastSaver on first $75k
   • Max effective interest rate 1.72% with $75k
   • From 20 Sep, revised to up to 2.18% p.a.
2. CIMB Up to 2.38% with StarSaver
   • Max effective interest rate 2.11% with $1m
   • From 20 Sep, revised to up to 2.08% p.a.
3. MariBank Mari Savings Account flat 1.88% p.a. on first $100k
   • From 1 Sep 2025, reduce to 1.28% p.a.
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
4. Trust Bank Savings Account up to 2% p.a,
   • 1% p.a as of Aug 2025 if you keep a min of $100k, other tiers require salary credit and card spends
   • From 1 Sep 2025, reduce to “up to 1.3% p.a.”
   • Use Trust Bank referral code QP4KSSYY when signing up to get guaranteed cashback reward. More info here
5. RHB High Yield Savings Plus Account up to 1.5% p.a.
6. UOB Stash Account earn up to 3% p.a. interest on first $100k
   • Monthly Average Balance must not decrease
   • Maximum Effective Interest Rate for $100,000 is 2.045%
7. HL Bank iSavings Account earn up to 3.28%
   • Optimal deposit $200,000 to earn 1.75%.
   • Beyond S$200 000, additional funds earn 1.88%, so larger balances will push your overall rate toward – but never above – 1.88%.
8. Sing Investments & Finance Gosavers Account up to 1.88% p.a.
   • Max effective interest rate 1.88% with $100,000.
   • From 1 Sep 2025, rates drop to “up to 1.30% p.a.”
9. Standard Chartered JumpStart Account 2% p.a. on first S$50,000
   • From 1 Sep 2025, 2% will be revised to 1%
   • Must be age 18 – 26 at sign-up
   • Account won’t be closed after you get older than 26
10. BOC SuperSaver up to 1.60% p.a.
    • Account must be linked to PayNow to earn bonus interest
    • Max effective interest rate 1.32% p.a. with S$100,000
11. Singapura Finance Vivid Savings Account up to 2.08% on first $200k
    • Max effective interest rate 2.02% with $200,000
12. Maybank iSAVvy Savings Account up to 1.8%
    • Revising to “up to 1.40%” from 1 Sep
    • Revising to “up to 1.10%” from 1 Oct

Best Debit Cards For Overseas Usage

These cards provide savings of up to 3.25% when used overseas as compared to using common debit cards such as DBS debit cards that are not linked to a multi currency account or using an unsupported currency.

1. Trust Bank Debit/Credit *Recommended*
   • Local bank with good exchange rates, funds earn interest, no annual fee
   • Cashback credit card offers up to 15% cashback, see T&Cs for details
   • Use Trust Bank referral code QP4KSSYY when signing up to get guaranteed cashback reward ranging from a minimum of S$5 to S$1,000 (until Dec 2025)
2. Youtrip Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Funds do not earn interest
   • Use this Youtrip referral link to get $5
3. Wise Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Hold over 40 currencies to convert and send money
   • Funds do not earn interest unless placed in a at-risk account (if so, can’t be used for transactions)
4. Revolut Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee unless using non-Standard plans
   • Extra 1% currency conversion fees on weekends

Revision History

Here are the last few changes by most recent first

27 Aug 2025

• Fixed Deposit: Bank of East Asia (decrease)

25 Aug 2025

• Fixed Deposit: CIMB (decrease), BOC (decrease), SingFinance (decrease), Vivid (decrease)

23 Aug 2025

• Fixed Deposit: UOB (decrease)

22 Aug 2025

• Fixed Deposit: Maybank (decrease)

20 Aug 2025

• Fixed Deposit: DBS/POSB (decrease)

19 Aug 2025

• Fixed Deposit: SingFinance (decrease)

18 Aug 2025

• Fixed Deposit: BOC (decrease), CIMB (6-mth increase). SBI (removed)

14 Aug 2025

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (decrease)

12 Aug 2025

• Fixed Deposit: ICBC (decrease), Bank of East Asia (decrease), Maybank (increase), OCBC (decrease)

11 Aug 2025

• Fixed Deposit: BOC (increase)

7 Aug 2025

• Fixed Deposit: SBI (decrease)

5 Aug 2025

• Fixed Deposit: Maybank (decrease), SingFinance (decrease)
• High-Yield Savings: CIMB (decrease)

4 Aug 2025

• Fixed Deposit: RHB (decrease)

1 Aug 2025

• Fixed Deposit: CIMB (decrease), UOB (decrease), SSB (decrease)
• High-Yield Savings: BOC SuperSaver (decrease)
• Fresh Funds: Standard Chartered (decrease)

31 Jul 2025

• Fixed Deposit: ICICI (decrease)

28 Jul 2025

• Fixed Deposit: BOC (decrease)

24 Jul 2025

• Fixed Deposit: State Bank of India Singapore (decrease), ICBC (decrease)

22 Jul 2025

• Fixed Deposit: Bank of East Asia (decrease), Singapura Finance Vivid Fixed Deposit (decrease)

21 Jul 2025

• Fixed Deposit: BOC (decrease)

16 Jul 2025

• Fixed Deposit: CIMB (decrease)

15 Jul 2025

• High-Yield Savings: Sing Investments & Finance GoSaver (decrease)
• Fixed Deposit: ICBC (decrease), OCBC (decrease), Sing Investments & Finance (decrease)

14 Jul 2025

• Fixed Deposit: BOC (decrease), RHB (decrease)

11 Jul 2025

• Fixed Deposit: Maybank (decrease)

10 Jul 2025

• Fixed Deposit: UOB (decrease)

8 Jul 2025

• Fixed Deposit: Bank of East Asia (decrease)

7 Jul 2025

• Fixed Deposit: CIMB (decrease), State Bank of India (decrease), BOC (decrease)

1 Jul 2025

• Fixed Deposit: UOB (decrease), CIMB (decrease), Standard Chartered (decrease), SSB (decrease), SingFinance (decrease)
• Fresh Funds: Maybank (decrease)

30 Jun 2025

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (decrease), ICICI Bank (decrease), Bank of China (decrease)

25 Jun 2025

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (decrease)

24 Jun 2025

• Fixed Deposit: SingFinance (decrease)

20 Jun 2025

• Fixed Deposit: CIMB (decrease), Standard Chartered (decrease)

17 Jun 2025

• Fixed Deposit: OCBC (decrease)

16 Jun 2025

• Fixed Deposit: Maybank (decrease), Bank of China (decrease)
• High-Yield Savings: MariBank (decrease)

13 Jun 2025

• Fixed Deposit: SingFinance (decrease), ICBC (decrease), Standard Chartered (decrease)

11 Jun 2025

• Fixed Deposit: CIMB (decrease), RHB (increase)

10 Jun 2025

• Fixed Deposit: UOB (decrease)

10 Jun 2025

• Fixed Deposit: State Bank of India (no longer available)

6 Jun 2025

• Fixed Deposit: Standard Chartered (decrease)

4 Jun 2025

• Fixed Deposit: Bank of East Asia (decrease)

2 Jun 2025

• Fixed Deposit: UOB (same), Maybank (decrease), CIMB (decrease), Standard Chartered (decrease), SSB, Bank of China (decrease)
• Fresh Funds: Standard Chartered (decrease)

1 Jun 2025

• High-Yield Savings: RHB (decrease)

30 May 2025

• Fixed Deposit: ICICI (decrease)

27 May 2025

• Fixed Deposit: Standard Chartered (decrease)

26 May 2025

• Fixed Deposit: Bank of China (decrease)

21 May 2025

• Fixed Deposit: Bank of East Asia (decrease)

19 May 2025

• Fixed Deposit: Bank of China (decrease), ICBC (decrease)

15 May 2025

• High-Yield Savings: Sing Investments & Finance Gosavers Account (decrease)

14 May 2025

• Fixed Deposit: CIMB (decrease)

12 May 2025

• Fixed Deposit: Bank of China (decrease)

9 May 2025

• Fixed Deposit: Standard Chartered (decrease)

7 May 2025

• Fixed Deposit: RHB (decrease), State Bank of India (decrease)

5 May 2025

• Fixed Deposit: Bank of China (decrease), Singapura Finance Vivid Fixed Deposit (decrease)

1 May 2025

• Fixed Deposit: UOB (decrease), SSB (decrease), CIMB (decrease), Bank of East Asia (decrease)

If you’ve discovered an attractive banking offer, share it in the comments section below.

The information contained in this article is for informational purposes only and does not constitute financial advice. We are not a licensed or accredited financial advisor. Before making any financial decisions, including those involving fixed deposits, please consult with a qualified financial professional and refer to the latest guidelines issued by the Monetary Authority of Singapore (MAS). The views expressed here are solely our own and do not represent the opinions of any regulated financial institution. We accept no liability for any loss or damage incurred as a result of the use of this information.

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