(Updated July 2019) Earn up to 2.01% p.a.! Best Singapore Fixed/Time/etc Deposit Rate UPDATED 7 Jul 2019

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 2.00% p.a. with the latest SGD Time Deposit promo from 10 Jan 2019
  5. ICBC: Earn up to 1.95% p.a. with SGD Fixed Deposit from 5 May 2019
  6. Maybank: Enjoy 2.00% p.a. on 12-month SGD Time Deposit from 1 May 2019
  7. OCBC: Earn up to 1.70% p.a. with 6/12 mths time deposit from 13 May 2019
  8. Standard Chartered: Earn up to 2.00% p.a. when you deposit fresh funds into eSaver from 1 June – 31 July 2019
  9. Maybank: Earn up to 2.00% p.a. when you deposit fresh funds from 1 July to 31 August 2019 NEW
  10. UOB: Earn 1.70% p.a. for 10-mth SGD fixed deposits till 31 July 2019 NEW
  11. Singapore Savings Bond (SSB): Earn up to 2.01% p.a. in the latest bond! Apply by 26 July 2019 NEW
  12. Hong Leong Finance: Earn up to 1.85% p.a. with their latest fixed deposits promotion from 1 Jul 2019 NEW
  13. CIMB Bank: Earn 1.30% – 1.85% p.a. with latest SGD fixed deposit promo till 31 Jul 2019 NEW

Last updated 7 Jul 2019. Click these links for latest Fixed Deposit or Time Deposit Promo

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Get a FREE Samsonite T5 Spinner luggage with built-in scale worth S$560 (with min spend of $800) plus 2-years annual fee waiver when you sign up for a HSBC Revolution credit card at www.hsbc.com.sg.

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2 Comments on (Updated July 2019) Earn up to 2.01% p.a.! Best Singapore Fixed/Time/etc Deposit Rate

  1. Any promotion from Bank of China? Their website is never updated since 2 yrs ago.

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