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Sit back and watch savings grow 🙂
From 11 Dec 2025, HL Bank Singapore is offering a fixed deposit promotion for Singapore dollar placements, with interest rates of up to 1.5% p.a.. This promotion is geared towards savers who prefer a fuss-free, lower-risk way to grow their cash with a fixed tenor and a known return.
These rates are an increase of up to 0.15% compared to the previous 4 Dec rates
Customers can place the fixed deposit digitally via HLB Connect, or head down to an HL Bank Singapore branch for assisted service. This gives both digital-first users and those who prefer face-to-face banking a convenient way to access the promotional rates.
Fixed deposit promotional rates as of 13 Dec 2025
The promotional fixed deposit rates are summarised below. Do note that the minimum placement depends on the channel: S$10,000 for online placements and S$100,000 for other placements. The placement may come from an existing HL Bank fixed deposit or from fresh funds transferred to HL Bank, subject to the bank’s terms and conditions.
| Minimum Placement Amount | Promotional Rates (p.a.) | |
|---|---|---|
| 3 months and 6 months | 9 months and 12 months | |
| S$10,000 (Online) S$100,000 (Others) | 1.50% | 1.30% |
Important: The Promotional Rate(s) may be revised at the discretion of the Bank without prior notice. For the latest confirmation, customers can call HL Bank Singapore at +6560289800.
How to place the fixed deposit
Customers can place the fixed deposit under the promotion using either channel below:
- Via HLB Connect – log in to HL Bank’s online or mobile banking platform, navigate to the fixed deposit placement option, select the relevant tenor, and follow the on-screen instructions to complete the placement.
- At a branch – visit any HL Bank Singapore branch and request assistance from the staff to place the fixed deposit under this promotional campaign.
Handy tips before placing funds
- Match the tenor to the rate tier: As of 13 Dec 2025, 3 months and 6 months are at 1.50% p.a., while 9 months and 12 months are at 1.30% p.a.
- Plan liquidity carefully: The promo T&Cs state no interest is payable if the fixed deposit is withdrawn before maturity, and partial withdrawals are not allowed – so only lock in funds that won’t be needed during the tenor.
- Know how interest is paid: Under the promo T&Cs, interest is computed daily (365/366-day basis) and is payable only on maturity. If withdrawn before maturity, no interest is payable.
- Double-check eligibility and funding source rules: Requirements may apply to placements made using existing deposits versus fresh funds, so it is best to read the T&Cs carefully.
For enquiries, customers can call HL Bank Singapore at +6560289800 during the bank’s operating hours.
Important information and where to find the full terms
Before placing a fixed deposit, customers should read the full terms and conditions to understand eligibility, placement requirements, and any fees or restrictions that may apply.
- For the full terms and conditions of this fixed deposit promotion, click here.
- For more details on HL Bank Singapore’s fixed deposit promotion, click here.
Want to compare across banks before committing? Customers can browse other fixed, time and incremental deposit rates in Singapore here to see how this HL Bank promotion stacks up.
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