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Latest FD Rate Adjustments Reflect Economic Shifts and Digital Banking Trends
Effective 5 Aug 2025, SingFinance (Sing Investments & Finance Limited) has adjusted its Singapore Dollar Fixed Deposit (FD) interest rates. The revision reduces the previous ceiling rate of 1.65% p.a. – last announced on 15 July 2025 – to a new maximum of 1.6% p.a., in line with broader industry recalibrations.
Updated Online Fixed Deposit Tiers
Customers placing online fixed deposits now have access to a restructured interest rate system designed to accommodate a wider range of depositors. Rates vary by tenor and deposit amount, with the new brackets outlined below:
| Tenor | Minimum Deposit Amount | |
|---|---|---|
| $1,000 | $10,000 | |
| 3 months | 1.55% p.a. | 1.60% p.a. |
| 6 months | 1.50% p.a. | 1.55% p.a. |
| 12 months | 1.35% p.a. | 1.40% p.a. |
These digital-exclusive offers are applicable only to fresh funds and provide customers greater freedom to earn competitive returns without visiting a branch. Customers managing smaller deposits benefit from reduced entry thresholds, while those with higher balances enjoy optimised rates.
Fixed Deposits via Branch
For those preferring face-to-face banking, SingFinance continues to support over-the-counter FD placements. The branch-based rates remain uniform for all eligible deposits of at least $10,000:
| Tenure | Minimum Deposit Amount |
|---|---|
| $10,000 | |
| 3 months | 1.55% p.a. |
| 6 months | 1.50% p.a. |
| 12 months | 1.35% p.a. |
This avenue caters to traditional clients who value direct advisory support and seek personalised guidance when managing large-scale or long-term deposits.
Terms, Conditions & Further Information
All updated FD rates are exclusively for personal accounts with fresh fund placements. Rates are not guaranteed and may be revised without advance notice. Customers are advised to review the applicable terms and conditions before placing deposits.
Those looking to visit a SingFinance branch can refer to the branch locator. For online deposits, or to compare ongoing FD rates, consult SingFinance’s dedicated FD page. Customers seeking broader market options may also browse this guide to top deposit rates.
Conclusion
SingFinance’s revised fixed deposit rates mark a strategic shift aligned with prevailing interest rate conditions and customer behaviours. The dual-channel structure – digital and in-person – ensures inclusivity and flexibility across depositor segments. With reduced online entry points and steady branch rates, SingFinance offers viable returns for both cautious and committed savers looking for stability in a dynamic financial landscape.
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