(Updated Jul 2018) Earn up to 2.57% p.a.! Best Singapore Fixed/Time/etc Deposit Rate UPDATED 5 Jul 2018

The Best Deposit 25 Sep 2016

Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there

Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.

In a heavily summarised definition:

  • Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time
  • Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds.
  • Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits

Newer promotions are added to the bottom of the list

  1. Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
  2. CIMB StarSaver Account 0.8% p.a. on the entire account balance (min $5,000 balance)
  3. CIMB FastSaver account 1.0% p.a. on first $50,000, 0.6% thereafter (min $1,000 balance)
  4. Maybank: Earn 1.45% p.a. with the latest SGD Time Deposit promo! From 14 Jun 2018
  5. State Bank of India: Earn 1.40% p.a. – 1.75% p.a. with 6/12/24-mth time deposits! From 24 May 2018
  6. RHB: Earn up to 1.50% p.a. for 6/12-mth SGD fixed deposits from 28 May – 31 Jul 2018
  7. Standard Chartered: Earn up to 1.35% p.a. when you deposit fresh funds into eSaver! From 1 Jun – 31 Jul 2018
  8. HL Bank: Earn 1.70% to 1.75% p.a. on Singapore Dollar fixed deposits! Ends 31 Aug 2018
  9. CIMB Bank: Earn 1.30% to 1.55% p.a. with latest SGD fixed deposit promo! Valid till 31 Jul 2018
  10. Maybank: Enjoy up to 1.75% p.a. on 12-month SGD Time Deposit from 8 Jun 2018
  11. Bank of China offers up to 1.60% p.a. with latest time deposit promotion from 8 Jun 2018
  12. Hong Leong Finance: Earn 1.10% to 1.50% p.a. with 6/8/12/18 month fixed deposits! From 1 Jul 2018 NEW
  13. CIMB Bank: Earn 1.30% to 1.80% p.a. with latest SGD fixed deposit promo! Valid till 31 Jul NEW
  14. UOB: Earn up to 1.25% p.a. with latest Fresh Funds deposit promo valid till 31 Aug 2018 NEW
  15. Sing Investments & Finance: Earn up to 1.65% p.a. fixed deposits promo from 4 Jul NEW
  16. OCBC: Earn 1.35% p.a. with 12 mths time deposit from 4 Jul NEW
  17. UOB: Earn 1.40% p.a. for 10-mth SGD fixed deposits! Ends 31 Jul NEW
  18. Singapore Savings Bond (SSB): Earn up to 2.57% p.a. in the latest bond! Apply by 26 Jul NEW Highest returns
  19. Maybank: Earn up to 1.45% p.a. when you deposit fresh funds from 1 Jul – 31 Dec NEW

Last updated 5 Jul 2018. Click these links for latest Fixed Deposit or Time Deposit Promo

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