The best fixed deposit rates in Singapore this month are 2.30% a year for 12 months (CIMB online and RHB), 2.20% for 6 and 9 months (CIMB online) and 2.10% for 3 months (Bank of China’s app, until 15 November). That is our measure: the highest advertised SGD rate for a new placement, minimum S$20,000 or less, for an ordinary customer without priority status, at the time of writing (November 2026).
These are promotional rates. On the banks’ standing board rates the same money earns far less: DBS pays 0.05% on a total fixed deposit balance of $20,000 or more. The rate you lock in depends on which promotion you catch, its conditions, and what the deposit renews at.
How We Compared
We opened each bank’s and finance company’s own SGD fixed deposit rate page or promotion page in November 2026 and copied the rates for 3, 6, 9 and 12 months. No figure comes from a comparison site.
- Measure: the highest advertised rate for a new SGD placement with a minimum of $20,000 or less.
- Customer type: ordinary personal customers. Priority and premier rates are shown separately.
- Amount: the rate at the stated minimum. Where a bank pays more for larger sums, we say so.
- Left out: Maybank (its Singapore site did not load for us this month), MariBank (it publishes rates only in its app), and investment-linked bundles such as Citibank’s 2-month Citigold rates, which need an investment placement.
- Refresh: we rewrite this page each month. The next update is due by 13 December 2026.
We did not find October’s rates on the banks’ pages, so this month has no “what changed” comparison.
Best Fixed Deposit Rates by Tenor
Top advertised rate for ordinary customers, minimum $20,000 or less, at the time of writing (November 2026):
| Tenor | Top rate | Who offers it | Minimum and main condition |
|---|---|---|---|
| 3 months | 2.10% | Bank of China | $20,000; BOC mobile app, new placements, 10 to 15 November 2026 |
| 6 months | 2.20% | CIMB | $10,000; online |
| 9 months | 2.20% | CIMB | $10,000; online |
| 12 months | 2.30% | CIMB and RHB | CIMB $10,000 online; RHB $20,000, branch or app |
Runners-up are close. RHB pays 1.90% for 3 months and 2.10% for 6 months, Bank of China 2.10% for 6, 9 and 12 months, and Citibank 2.00% for 6 months on new funds from $5,000.
Two odd tenors are worth knowing: Hong Leong Finance pays 2.08% for 8 months on fresh funds from $20,000, and UOB 1.65% for 10 months.
The short version: For a 12-month placement of up to S$20,000 in new money, the highest advertised rate at the time of writing (November 2026) is 2.30% (CIMB online and RHB). Bank of China’s 2.10% ends on 15 November and Standard Chartered’s offer on 19 November, so check the bank’s own page on the day you place.
Every Bank’s Rate This Month
Ordinary-customer rates, % a year, as shown on each bank’s page at the time of writing (November 2026). “Fresh funds” means money from outside that bank; see what counts as fresh funds.
| Bank or finance company | Tenor | Rate | Minimum | Conditions |
|---|---|---|---|---|
| CIMB | 3 months | 1.35% | $10,000 | Online only; rates from 4 November 2026 |
| CIMB | 6 months | 2.20% | $10,000 | Online only |
| CIMB | 9 months | 2.20% | $10,000 | Online only |
| CIMB | 12 months | 2.30% | $10,000 | Online only |
| RHB | 3 months | 1.90% | $20,000 | Branch or RHB Mobile SG app |
| RHB | 6 months | 2.10% | $20,000 | Branch or app |
| RHB | 12 months | 2.30% | $20,000 | Branch or app; no 9-month rate in the campaign |
| Bank of China | 3, 6, 9 or 12 months | 2.10% | $20,000 | BOC mobile app only, new placements, 10 to 15 November 2026 |
| Citibank | 3 months | 1.55% | $5,000 | New funds; new and existing customers; ends 30 November 2026 |
| Citibank | 6 months | 2.00% | $5,000 | New funds; new and existing customers; ends 30 November 2026 |
| Citibank | 9 months | 1.70% | $5,000 | New funds; existing customers only |
| Sing Investments & Finance | 3 months | 1.75% | $10,000 | Fresh funds, personal accounts; SIF Mobile app or branch |
| Sing Investments & Finance | 6 months | 1.85% | $10,000 | As above; no 9-month special rate |
| Sing Investments & Finance | 12 months | 1.95% | $10,000 | As above; $1,000 to $9,999 online earns 0.10% less |
| Hong Leong Finance | 6 / 9 / 12 months | 1.75% / 1.80% / 1.90% | $20,000 | Online via HLF Digital, for existing FD and savings account holders |
| Hong Leong Finance | 6 / 9 / 12 months | 1.65% / 1.70% / 1.80% | $20,000 | Branch, $20,000 to under $100,000 |
| Hong Leong Finance | 8 months | 2.08% | $20,000 | Fresh funds, branch or online |
| ICBC | 3 months | 1.30% | $20,000 | E-banking rate for $20,000 to under $200,000 |
| ICBC | 6, 9 or 12 months | 1.80% | $20,000 | E-banking; transfers between ICBC accounts are not fresh funds |
| OCBC | 6 months | 1.55% | $20,000 | Online, fresh funds, not SRS money; branch 1.50% |
| OCBC | 12 months | 1.85% | $20,000 | Online, fresh funds, not SRS money; branch 1.80% |
| UOB | 6 months | 1.60% | $10,000 | UOB TMRW app, fresh funds, 1 to 30 November 2026 |
| UOB | 12 months | 1.70% | $10,000 | As above; also 1.65% for 10 months |
| HSBC | 3 / 6 / 9 / 12 months | 1.40% / 1.80% / 1.20% / 1.30% | $30,000 | Personal Banking; fresh funds; HSBC Singapore app |
| Standard Chartered | 12 months | 1.60% | $25,000 | Personal Banking; fresh funds; 3 to 19 November 2026 |
| State Bank of India | 6 months | 1.70% | $50,000 | Branch; fresh or renewal funds; limited period |
| State Bank of India | 12 months | 1.75% | $50,000 | As above |
| DBS/POSB (board rate) | 3 / 6 / 9 / 12 months | 0.15% / 0.80% / 1.00% / 1.00% | $1,000 | No SGD promotion shown; total FD balance of $20,000 or more earns 0.05% |
Smaller and larger sums. Bank of China pays 1.60% to 1.70% from $500, and 2.30% for 3 or 6 months from $200,000. ICBC pays 1.10% to 1.30% for 6 to 12 months from $500, and 1.85% from $200,000. Hong Leong Finance pays 1.55% to 1.70% online from $5,000, and 1.75% to 1.90% at a branch from $100,000.
Digital banks. MariBank offers a fixed deposit from $100 but shows its rates only in its app, so it is not in the table. GXS Bank’s 3-month Boost Pocket pays 2.3% a year (1.5% plus a 0.8% boost paid as cashback) on $10,000 to $100,000 of fresh funds until 30 November 2026. It is a savings pocket with a fixed term rather than a fixed deposit, so we keep it out of the ranking.
Bank-by-Bank Notes and the Catch
Facts are from each bank’s page; the catch is the one condition most likely to trip you up.
- CIMB. The 2.30% applies to online placements from $10,000. The page gives no end date and says rates are subject to change. Catch: early withdrawal terms are in a separate terms document, not on the rate page.
- RHB. New customers must first open a current or savings account through the app. RHB says eligible auto-renewals get its prevailing promotional rate and charges no premature penalty fee on SGD fixed deposits. Catch: no end date, and no 9-month rate.
- Bank of China. App only, and you need a savings or current account with the bank. Catch: the 2.10% window is 10 to 15 November 2026, and the bank warns that early withdrawal may lead to losses in interest.
- Citibank. The page says the rates are open to existing customers who bring in new funds; new customers are directed to open a Citigold relationship, which Citibank describes as for clients with investible assets of $250,000. Catch: that bar makes the offer practical mainly for people who already bank with Citi.
- Sing Investments & Finance. Daily special rates for personal accounts and fresh funds only. Catch: the rates carry no date and can change daily.
- Hong Leong Finance. Rates as of 23 October 2026, until further notice. Catch: the online rates are only for customers who already hold a fixed deposit and a savings account with HLF.
- ICBC. ICBC says there is no penalty for withdrawing early. Catch: the money is then paid at the current account rate, so you lose the fixed deposit rate.
- OCBC. Branch placements earn 0.05% less than online. Catch: OCBC says an early withdrawal fee may apply and you may receive less or no interest.
- UOB. Placements go through the UOB TMRW app. Catch: no interest at all is paid if a promotional deposit is withdrawn before maturity.
- HSBC. From November 2026, new time deposits can no longer be placed through HSBC Online Banking, only the app or a branch. Catch: premature withdrawal charges may apply, so you could get back less than you placed.
- Standard Chartered. Fresh funds exclude money withdrawn from Standard Chartered and re-deposited within 30 days. Catch: only a 12-month tenor, and early withdrawal may earn no interest at all.
- State Bank of India. The only promotion here that also accepts renewal funds. Catch: the $50,000 minimum, and early withdrawal earns the board rate only for completed quarters.
- DBS/POSB. DBS sets the rate on your total SGD fixed deposit balance, so splitting $40,000 into two $20,000 placements still earns 0.05%. Customers aged 55 and above can use the Premier Income Account for 0.10% above the board rate, from $10,000 per placement. Catch: the board rates are close to zero above $20,000.
Priority and Premier Rates
These need a relationship tier, usually with a minimum balance or assets with the bank. Rates as shown at the time of writing (November 2026), % a year.
| Bank and tier | 3 months | 6 months | 9 months | 12 months | Minimum and condition |
|---|---|---|---|---|---|
| RHB Premier | 2.00% | 2.20% | — | 2.40% | $20,000; Premier needs a Total Relationship Balance of $200,000 |
| CIMB Preferred Banking | 1.40% | 2.25% | 2.25% | 2.35% | $10,000; online |
| HSBC Premier Elite | 1.60% | 2.00% | 1.60% | 1.70% | $30,000 fresh funds |
| HSBC Premier, with wealth holdings or FX engaged | 1.60% | 2.00% | 1.55% | 1.65% | $30,000 fresh funds |
| HSBC Premier, without wealth holdings | 1.60% | 2.00% | 1.25% | 1.35% | $30,000 fresh funds |
| Standard Chartered Priority Banking | — | — | — | 1.70% | $25,000 fresh funds; 3 to 19 November 2026 |
| Standard Chartered Priority Private | — | — | — | 1.80% | As above |
CIMB also advertises 2.88% for 6 months to customers who sign up for a Preferred Banking relationship, on its own terms. The premium over ordinary rates runs from 0.05% (CIMB) to 0.40% (HSBC Premier Elite on 9 and 12 months), so the tier’s balance requirement usually matters more than the rate.
Board Rates vs Promotional Rates
The board rate is a bank’s standing rate for each tenor and amount. A promotional rate runs for a set period, usually needs fresh funds and a minimum, and is often paid only if you hold to maturity.
The gap is wide. On 12 months, the board rates at the time of writing (November 2026) are:
- DBS: 1.00% for $1,000 to $19,999; 0.05% once your total balance reaches $20,000.
- OCBC: 0.50% for $5,000 to $20,000; 0.10% above $20,000.
- UOB: 1.00% at every amount up to $999,999 (0.30% for 6 months).
- State Bank of India: 0.70% for $5,000 to under $1 million (effective 1 October 2025).
This matters most at maturity. MoneySense suggests asking whether the deposit rolls over automatically, whether principal alone or principal plus interest rolls, and at what rate. A board-rate renewal is the usual outcome.
Fixed Deposits vs T-Bills, Savings Bonds and Other Options
Rates at the time of writing (November 2026). None of these is “better” across the board; the trade-off is rate against access, currency and protection.
| Option | Rate | Access to your money | Protection |
|---|---|---|---|
| Top SGD fixed deposit promotion | 2.20% (6 months), 2.30% (12 months) | Breaking early usually costs interest | SDIC insured up to S$100,000 per depositor per Scheme member |
| 6-month T-bill (BS26122V, issued 10 November 2026) | 1.86% cut-off yield | Held for six months to maturity | Singapore Government security |
| Savings Bond GX26120A (December 2026) | 1.83% in year 1; 2.39% a year on average over 10 years | Redeem in any month at face value plus accrued interest | Singapore Government security; $200,000 holding limit |
| High-yield savings accounts | Varies with bonus conditions | Any time | SDIC insured |
| StashAway Simple | 1.6% projected, net of fees (as of 9 October 2026) | Any time | Not guaranteed; StashAway says it “is not insured” |
| Endowus Cash Smart Secure | 1.4% projected, net of fees (as of 31 October 2026) | No lock-up | Not guaranteed; Endowus says it is “not insured by the SDIC” |
| USD fixed deposits | Higher headline rates | Fixed term | Currency risk; foreign currency deposits are not SDIC insured |
- T-bills and Savings Bonds. The December Savings Bond closes at 9pm on 25 November 2026. A 6-month promotion at 2.20% is above the latest T-bill cut-off, if you meet its conditions. Our comparison of T-bills, Savings Bonds and fixed deposits explains the trade-offs, and the December 2026 Savings Bond page has the full schedule.
- Savings accounts. A bonus-interest account can beat a deposit with no lock-in if you meet its conditions every month; see the best savings accounts in Singapore.
- Cash management accounts. These invest in money market and short-term funds. They are not bank deposits, the returns are projected rather than fixed, and they can fall. Syfe’s Cash+ Guaranteed page showed rates last updated on 2 July 2026, so we have left its figures out; Syfe says “SDIC coverage doesn’t apply” to it. For the risks side by side, see fixed deposit vs savings account vs money market fund.
- USD deposits. If you will spend the money in Singapore dollars, exchange rate moves can wipe out the extra interest. Our USD fixed deposit rates page covers the numbers.
How to Choose, and the Traps
- Pick the tenor first. Only lock away money you will not need before maturity. Emergency money belongs in a savings account; our emergency fund calculator helps size it.
- Check that your money qualifies. Most promotions exclude money already at the bank, and some exclude SRS funds.
- Know the early withdrawal rule. MoneySense warns that breaking a deposit early can mean no interest or partial loss of interest, and sometimes a fee that leaves you with less than you placed. Our guide to breaking a fixed deposit early compares the banks.
- Set the maturity instruction. Decide before the end date whether the deposit renews, and at what rate.
- Watch the SDIC limit. Insurance covers SGD deposits up to S$100,000 per depositor per Scheme member, combined across your savings, current and fixed deposit accounts there. Finance companies are Scheme members too. Our SDIC deposit insurance guide shows how to spread larger sums, and finance company vs bank fixed deposits explains the other differences.
Splitting for access. You can split one sum into placements that mature at different times, so needing part of it early breaks only one. Shorter tenors often pay less, and the minimum applies to each placement. Our fixed deposit ladder guide works through an example.
Who fixed deposits do not suit: people who may need the money within the tenor, people who forget maturity dates (the renewal rate can undo the promotion), and savers already earning more in a bonus account with no lock-in.
Worked Example: S$20,000 for 3, 6 and 12 Months
Illustration only, not a guarantee: simple interest, held to maturity, the top ordinary-customer rates at the time of writing (November 2026).
Interest = amount × yearly rate × (months ÷ 12)
| Tenor | Top promotion | Interest | DBS board rate (0.05%) |
|---|---|---|---|
| 3 months | 2.10% (Bank of China) | $20,000 × 2.10% × 3/12 = $105 | $2.50 |
| 6 months | 2.20% (CIMB) | $20,000 × 2.20% × 6/12 = $220 | $5 |
| 12 months | 2.30% (CIMB or RHB) | $20,000 × 2.30% = $460 | $10 |
Each bank counts days under its own deposit terms, so the real figure differs slightly: on 182 days over a 365-day year, the 6-month example earns about $219.40. Our guide to how fixed deposit interest is calculated shows the day count, and you can test other sums in the savings account interest calculator.
The renewal matters as much as the rate. Say $20,000 earns OCBC’s 1.85% online promotion for a year ($370), then the $20,370 renews at OCBC’s 12-month board rate above $20,000 (0.10%): year two earns about $20.
What To Do Next
- Open the bank’s own page on the day you place and confirm the rate, minimum and end date: several offers above end within days.
- Check that your money counts as fresh funds before you transfer it.
- Set a reminder a week before maturity and decide where the money goes next.
- Keep each bank’s insured total under $100,000 if that matters to you.
- Retirees weighing deposits against CPF can read fixed deposits for retirees; for every option side by side, see alternatives to savings accounts.
- We publish this page monthly. The next update is due by 13 December 2026.
