(Updated Jan 2020) Earn up to 1.80% p.a.! Best Singapore Fixed/Time/etc Deposit Rate UPDATED 14 Jan 2020

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 now offers up to 1.80% p.a. on your first $100K deposit! From 15 Sep 2019
  4. OCBC: Earn up to 1.55% p.a. with 12 mths time deposit from 6 Oct 2019
  5. Standard Chartered: Earn up to 1.90% p.a. when you deposit fresh funds into eSaver from 1 Dec 2019 – 31 Jan 2020
  6. ICBC: Earn up to 1.70% p.a. with SGD Fixed Deposit from 10 December 2019
  7. Hong Leong Finance: Earn up to 1.73% p.a. with their latest fixed deposits promotion from 2 Jan (NEW)
  8. UOB: Earn 1.65% p.a. for 10-mth SGD fixed deposits till 31 Jan (NEW)
  9. Maybank: Earn up to 1.75% p.a. with the latest SGD Time Deposit promo from 1 Jan (NEW)
  10. Maybank: Enjoy 1.60% p.a. on 12-month SGD Time Deposit from 1 Jan (NEW)
  11. Standard Chartered: Earn 1.55% p.a. with 10-mth time deposits from 1 – 31 Jan (NEW)
  12. Sing Investments & Finance: Earn up to 1.75% p.a. with latest fixed deposit promotion from 31 Dec (NEW)
  13. CIMB Bank: Earn 1.30% to 1.80% p.a. with latest SGD fixed deposit promo till 31 January 2020 (NEW)
  14. Singapore Savings Bond (SSB): Earn up to 1.75% p.a. in the latest bond! Apply by 28 January 2020 (NEW)
  15. ICBC: Earn up to 1.70% p.a. with SGD Fixed Deposit from 9 January 2020 (NEW)
  16. UOB: Earn up to 1.50% p.a. with latest Fresh Funds deposit promo valid from 1 to 31 Jan (NEW)

Last updated 14 Jan 2020. Click these links for latest Fixed Deposit or Time Deposit Promo

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