(Updated 6 Feb 2026) Best Singapore Fixed Deposit Rates and Savings Accounts

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

Earn high interest 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 are generally low-risk. They give high assurance 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 at any time. You are advised to thoroughly review these stipulations before signing up or placing funds. Mistakes and typos may happen, please do your due diligence and verify before committing.

This guide covers several low-risk cash options in Singapore:

• Fixed/Time Deposits: Place funds for a set tenor (often requires fresh funds for promo rates).
• Incremental Balance (“Fresh Funds”) Promotions: Earn promo rates by increasing average/eligible balances versus a reference month.
• ‘Deposit and Forget’ High-Yield Savings Accounts: Accounts without salary crediting/card spend/GIRO requirements (but may still have tiers or balance conditions).

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 1.65% p.a.)
3. Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 2% p.a.)
4. Best Debit Cards For Overseas Usage
5. Bank Referral Codes
6. 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, fund freshness and customer tier. The highest rate for 1-mth, 3-mth, 6-mth and 12-mth tenors assuming max funds, fresh funds and mid-tier (S$200k to S$350k assets with the bank) are indicated below for your convenience.

1. UOB Singapore up to 1.2% p.a. fixed deposit promo from 1 Nov 2025
2. Bank of East Asia 1.4% p.a. 3-mth, 1.23% p.a. 12-mth
3. SingFinance revises SGD FD promo rates from 23 Dec, earn up to 1.3% p.a. HIGHEST 1-mth (1.2%)
4. ICBC refreshes Fresh Funds FD promo rates from 15 Jan
5. OCBC Bank Fixed Deposit Promo Rates Up To 1.2% p.a. as of 16 Jan 2026
6. RHB Bank SG offers up to 1.55% p.a. with S$20k min promo FD rates from 19 Jan 2026 HIGHEST 3-mth (1.55%), 6-mth (1.55%), 12-mth (1.5%)
7. Maybank Up to 1.3% p.a. iSAVvy Time Deposit Promo Rates from 20 Jan 2026
8. Standard Chartered 6-month time deposit promo up to 1.65% p.a. from 28 Jan HIGHEST 6-mth (1.55%)
9. CIMB up to 1.35% p.a. SGD fixed deposit promo from 1 Feb
10. BOC offers SGD time deposit promo rates up to 1.4% p.a. from 2 Feb 2026
11. HL Bank FD Promo Offers Up to 1.50% p.a. from 2 Feb 2026

The following offers may have deposit limits, don’t support FAST transfers and/or may have other restrictions

1. MariBank 1.58% 3-mth, 1.2% 6-mth, 1.3% 12-mth (min $100 for all tenors) as of 1 Feb
   • Max $100k across all accounts
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
2. Singapura Finance Vivid Fixed Deposit Up to 1.2% p.a.
   • FAST transfers don’t appear to be supported
3. DBS/POSB SGD fixed deposit offers up to 1.0% p.a. from 19 Nov 2025
   • Max $20k per person for higher rates
4. Singapore Savings Bonds Offers Up to 2.16% p.a. in Latest Issue, Apply by 24 Feb 2026
   • Max $200k per person
   • Application via supported major banks only
   • SSB is a government bond, not a bank fixed deposit / time deposit

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

1. Syfe Cash+ Guaranteed up to 1.35% p.a. (as of 1 Feb)
   • Capital/returns are guaranteed subject to underlying bank risk; not a bank deposit

Best Fresh Funds Promotions (Up to 1.65% 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 S’pore Jan/Feb 2026 Fresh Funds Promo Offers Up to 1.4% p.a. till 28 Feb 2026
2. Standard Chartered e$aver promo up to 1.65% p.a. on fresh funds till 31 Mar 2026

Best ‘Deposit and Forget’ High-Yield Savings Accounts (Up to 2% p.a.)

These High-Yield Savings Accounts (HYSA) 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 1.58% p.a. with FastSaver on first $75k
   • Max effective interest rate 1.0533% p.a. with $75k
   • i.e. S$25K 0.5%, S$50K 0.79%, S$75K 1.053%, S$100K 0.915%…
2. CIMB Up to 1.58% p.a. with StarSaver
   • Max effective interest rate 1.397% with $1m
   • i.e. $100K 0.5%, $200K 0.79%, $300K 0.97%, $400K 1.123%, $500K 1.214%, $600K 1.275%, $700K 1.319%, $800K 1.351%, $900K 1.377%, $1M 1.397%, $1,100K 1.343%…
3. MariBank Mari Savings Account flat 0.88% p.a. on first $100k
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
4. RHB High Yield Savings Plus Account up to 1% p.a.
   • i.e. 50k – 0.7%, 100k – 0.775%, 200k – 0.8875%, 400k – 0.9438%, 500k – 0.9550%, 1m – 0.9775%…
5. UOB Stash Account earn up to 2% p.a. interest on first $100k
   • Monthly Average Balance must not decrease (deposit once, and don’t withdraw the monthly interest)
   • Maximum Effective Interest Rate for $100,000 is 1.5% p.a.
   • i.e. S$10K 0.050%, S$20K 0.725%, S$30K 0.950%, S$40K 1.063%, S$50K 1.170%, S$60K 1.242%, S$70K 1.293%, S$80K 1.381%, S$90K 1.450%, S$100K 1.505%, S$130K 1.169%…
6. HL Bank iSavings Account earn up to 1.08% p.a.
   • Maximum Effective Interest Rate is 1.055% for $3m
   • i.e. S$100K 0.744%, S$200K 0.712%, S$300K 0.835%, S$400K 0.896%, S$500K 0.933%, S$800K 0.988%, S$1M 1.006%, S$1,500K 1.031%…
7. Sing Investments & Finance Gosavers Account up to 1.3% p.a.
   • Max effective interest rate 1.3% p.a. with $100,000.
   • i.e. $0-$100K 1.3%, $200K 1.19%, $300K 1.17%, $400K 1.172%, $500K 1.194%, $600K 1.212%, $700K 1.224%, $800K 1.234%, $900K 1.241%, $1M 1.247%…
8. Standard Chartered JumpStart Account 1% p.a. on first S$50,000
   • Must be age 18 – 26 at sign-up
   • Account won’t be closed after you get older than 26
9. BOC SuperSaver up to 1% p.a.
   • Account must be linked to PayNow to earn bonus interest
   • Max effective interest rate 0.82% p.a. with S$100,000
   • i.e. S$20K 0.5%, S$40K 0.65%, S$60K 0.7%, S$80K 0.775%, S$100K 0.82%, S$120K 0.767%, S$140K 0.729%, S$160K 0.7%…
10. Singapura Finance Vivid Savings Account up to 1.28% p.a. on first $200k
    • Max effective interest rate 1.25% with $200,000
    • i.e. $10K 0.6%, $50K 1.144%, $100K 1.212%, $150K 1.234%, $200K 1.246%, $250K 1.131%, $300K 1.031%…
11. Maybank iSAVvy Savings Account up to 1%
    • Max effective interest rate 1% with $200,000
    • i.e. $10K 0.4%, $50K 0.4%, $100K 0.4%, $150K 0.4%, $200K 1%, $250K 1%, $300K 1%…
12. Hong Leong Finance Premium SAVER Account up to 1.2% p.a.
    • FAST transfers may not be supported, limit deposit to $199999 to enjoy the best rate
    • Max effective interest rate 1.2% with $100,000
    • i.e. S$500 – $100K 1.2%, S$300K 1.08%, S$500K 1.08%, S$900K 1.08%, S$1M 0.88%, S$1,100K 0.88%..

Best Debit Cards For Overseas Usage

These cards may help you avoid bank foreign transaction fees of up to 3.25% that can apply when you use some cards overseas or with overseas-based merchants. Actual savings vary based on FX rates, provider spreads/markups (e.g., weekends), plan tier, and the currency used.

1. Trust Bank Debit/Credit
   • 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$8 to S$1,888 (as of Feb 2026)
2. MariBank Debit / Credit Card
   • Local bank with good exchange rates, funds earn interest, no annual fee
   • 0.5% (Debit) / 1.5% (Credit) cashback for local and overseas spends. Max S$1,500 overseas spend per month
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
3. 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
4. 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)
5. 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

Bank Referral Codes

Use these referral codes to unlock extra rewards when signing up for the banks below – and we earn a commission for each successful referral. Please note that referral mechanics and T&Cs may change anytime but we do our best to keep the list updated

1. MariBank
   • Use referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
   • As of Jan 2026: Get S$15 cash credited to your Mari Savings Account instantly when you successfully apply for a Mari Savings Account, Mari Credit Card Bundle or Instant Loan Bundle using the steps listed in the link above
2. Standard Chartered
   • Selected Cards & Products – Sign up selected products with referral code 62C5B and be rewarded. More info here
   • Priority Banking Referral Programme – Receive a sign-up reward as mentioned here. Min S$200k qualifying assets required. Provide your full name, mobile number, email address and nationality here for us to refer you. The information submitted will only be used for referring purpose.
3. Trust Bank
   • Use Trust Bank referral code QP4KSSYY when signing up. More info here
   • Get guaranteed cashback reward ranging from a minimum of S$8 to up to S$1,888 (As of Feb 2026)
4. Youtrip
   • Use this Youtrip referral link to get $5.
5. Aspire Business Account
   • $0 monthly fees, $0 initial deposit, $0 minimum balance
   • Earn S$200 when you complete a single Aspire card purchase of at least $5 on a qualified merchant (as of 30 Jan)
   • Use referral code RYUWR4XP here

Revision History

Here are the last few changes by most recent first. Increase/Decrease refers to whether the returns have generally increased or decreased.

6 Feb 2026

• Fixed Deposit: HL Bank (decrease)

2 Feb 2026

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

1 Feb 2026

• Fixed Deposit: CIMB (increase)

28 Jan 2026

• Fixed Deposit: Standard Chartered

26 Jan 2026

• Fixed Deposit: Bank of China (mix)

23 Jan 2026

• Fixed Deposit: Standard Chartered

19 Jan 2026

• Fixed Deposit: RHB (increase), Bank of China (decrease), Maybank (increase)

16 Jan 2026

• Fixed Deposit: HL Bank (increase), OCBC (increase)

15 Jan 2026

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

12 Jan 2026

• Fixed Deposit: Bank of China (same)
• ‘Deposit and Forget’ High-Yield Savings Accounts: BOC SuperSaver (decrease)

2 Jan 2026

• Fixed Deposit: SSB (increase), Standard Chartered (same)

1 Jan 2026

• Fresh Funds: Maybank (decrease)
• Fixed Deposit: CIMB (increase), HL Bank (removed)
• ‘Deposit and Forget’ High-Yield Savings Accounts: RHB (decrease)

29 Dec 2025

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

23 Dec 2025

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

18 Dec 2025

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

15 Dec 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: Premium Saver

13 Dec 2025

• Fixed Deposit: HL Bank (increase)

10 Dec 2025

• Fixed Deposit: HL Bank

9 Dec 2025

• Fixed Deposit: RHB (increase), Standard Chartered
• ‘Deposit and Forget’ High-Yield Savings Accounts: Premium Saver update from 15 Dec 2025

1 Dec 2025

• Fixed Deposit: CIMB (decrease), MariBank (decrease), SSB (increase), ICBC (increase), Standard Chartered (increase)
• ‘Deposit and Forget’ High-Yield Savings Accounts: UOB Stash (decrease), MariBank (decrease), RHB update from 1 Jan
• Fresh Funds Promotions: Standard Chartered (decrease)

26 Nov 2025

• Fixed Deposit: SingFinance (increase)

24 Nov 2025

• Fixed Deposit: RHB (decrease)

20 Nov 2025

• Fixed Deposit: DBS/POSB Fixed Deposit (decrease), Standard Chartered (decrease)

13 Nov 2025

• Fixed Deposit: SingFinance Fixed Deposit (increase)

10 Nov 2025

• Fixed Deposit: Maybank (increase)

5 Nov 2025

• Fixed Deposit: CIMB (decrease)

4 Nov 2025

• Fixed Deposit: RHB (decrease), Standard Chartered, SingFinance Fixed Deposit (increase)

3 Nov 2025

• Fixed Deposit: BOC (increase), SSB (increase)

1 Nov 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: HL Bank iSavings (decrease), Maybank iSAVvy (decrease), MariBank Mari Savings update from 1 Dec, UOB Stash update from 1 Dec
• Fixed Deposit: UOB (same)
• Fresh Funds Promotions: Maybank (same)

24 Oct 2025

• Fixed Deposit: Maybank (increase)

20 Oct 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: CIMB FastSaver (decrease), CIMB StarSaver (decrease)
• Fixed Deposit: BOC (increase)

13 Oct 2025

• Fixed Deposit: BOC (increase), Singapura Finance Vivid Fixed Deposit (increase)

10 Oct 2025

• Fixed Deposit: Bank of East Asia (decrease)

6 Oct 2025

• Fixed Deposit: BOC (increase)

1 Oct 2025

• ‘Deposit and Forget’ High-Yield Savings Accounts: Maybank iSAVvy Savings Account (decrease), Singapura Finance Vivid Savings (decrease)
• Fresh Funds Promotions: Maybank (decrease), Standard Chartered (decrease)
• Fixed Deposit: CIMB (decrease), UOB (same)

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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