DBS/POSB SGD fixed deposit offers up to 1.0% p.a. from 19 Nov 2025

We are now on Telegram. Click to join

DBS/POSB has revised its Singapore Dollar fixed deposit rates to as high as 1.0% per annum, effective from 19 Nov 2025.

With interest rates normalising, many savers in Singapore are once again looking at traditional fixed deposits as a low-risk way to grow their cash. This latest DBS/POSB revision offers a straightforward option for customers who prefer guaranteed returns and the stability of a major local bank.

Overview of the latest DBS/POSB fixed deposits

Under this refreshed structure, DBS/POSB provides a tiered schedule of interest rates that applies to deposits from S$1,000 to S$19,999. While the headline rate now goes up to 1.0% p.a., the actual return depends on the chosen tenor, with rates stepping up from 0.05% p.a. for 1-2 months to 1.00% p.a. for tenors of 8 months and above, as shown in the table

This scheme is designed for everyday savers: individuals who may be parking emergency funds, setting aside money for upcoming expenses, or simply looking for a safer alternative to leaving cash idle in a current or basic savings account.

Fixed deposit rates at a glance

All interest rates in the table below are expressed as % p.a. and apply to Singapore Dollar fixed deposits within the indicated placement ranges.

Shorter tenors of 1 to 2 months offer a modest 0.05% p.a., while rates gradually step up for 3- to 7-month placements. For new placements, rates rise to 1.00% p.a. from the 8-month to 12-month tenors for deposits between S$1,000 and S$19,999, while tenors of 18 months and above at 1.00% p.a. apply only to rollover of existing placements at the same tenor.

DBS accepts new placements for tenors 12 months and below. Interest rates for tenors of 18 months and above are applicable only to rollover of existing placements at the same tenor. This allows long-time customers who already have fixed deposits with the bank to continue enjoying similar structures when their deposits mature.

How it compares with the earlier promotion

The latest revision represents a downward adjustment by up to 0.6% from the Aug 2025 rates. Then, selected fixed deposit tenors offered higher headline rates, with some placements going up to around 1.6% p.a. Even though the current structure is lower, it still remains competitive in today’s environment, especially for those who value capital protection over chasing higher-risk returns.

Compared with leaving funds in a typical savings account, these fixed deposit rates can offer a more predictable outcome, particularly for short- to medium-term goals where customers already know when they will need the money.

• Savers who prefer not to monitor markets closely may find the certainty of fixed deposit returns reassuring.
• Those who are risk-averse may appreciate that principal and interest are not subject to daily market fluctuations.
• Households planning for upcoming expenses, such as school fees or large purchases, can match their fixed deposit tenor to their timeline.

Who may find this fixed deposit useful

• Individuals with spare cash of at least S$1,000 who want low-risk growth over a defined period.
• Customers who prefer dealing with DBS/POSB, a familiar local bank with extensive branch and digital coverage.
• Savers who already have a DBS/POSB savings or current account and wish to keep their banking relationships under one roof.
• Those who prefer guaranteed interest rather than variable returns from investments such as unit trusts, shares or other market-linked products.

How to apply

Opening a DBS/POSB Singapore Dollar fixed deposit is designed to be quick and hassle-free, especially for existing customers with internet banking access. Most placements can be completed online without visiting a branch.

• Step-by-step guide to opening a Fixed Deposit Account – useful for customers who are opening a fixed deposit account for the first time.
• Guide to placing a Fixed Deposit – explains how to place funds through DBS digibank, whether via the app or internet banking, and how to select the preferred tenor and amount.

Things to note before placing a fixed deposit

• Lock-in period: A fixed deposit generally requires funds to be kept for the full tenor. Customers should avoid using money that may be needed urgently.
• Early withdrawal: Uplifting a fixed deposit before maturity may result in reduced or no interest being paid, depending on the bank’s terms and conditions.
• Renewal options: Many customers choose automatic renewal at maturity, but it is sensible to review the prevailing board rates at that time to decide whether to renew, change the tenor or withdraw the funds.
• Deposit protection: Eligible deposits with DBS/POSB are covered under the Singapore deposit insurance framework, providing an additional layer of reassurance for small savers.
• Matching tenor to goals: Customers planning for specific goals – such as travel, education expenses or major purchases – may wish to pick a tenor that matures just before the funds are needed.

While the latest DBS/POSB fixed deposit rates are softer than the Aug 2025 promotion by up to 0.6%, they still provide a simple, low-risk home for spare cash from 19 Nov 2025 onwards. For customers who prize stability, capital protection and predictable income over maximising returns at all costs, this structure remains a practical way to grow savings steadily with a well-established local bank.

As with any financial decision, customers should consider their own cash flow needs, risk appetite and investment plans before committing funds. Checking the bank’s latest terms and conditions, fees and eligibility criteria will ensure that each placement meets their personal objectives.

For the full list of DBS/POSB Singapore Dollar fixed deposit rates, including higher placement amounts and other available tenors, click here. To compare these rates against other banks and find more fixed deposit or time deposit deals in Singapore, visit this page.

Share this with your friends & family members on Facebook!