DBS fixed deposit rates in Singapore currently range from approximately 0.80% to 1.00% p.a. across standard tenors — among the lower offerings for September 2026. DBS does not run the aggressive promotional campaigns that smaller banks do, but it offers a low entry point of S$1,000, no “fresh funds” requirement, and the convenience of instant placement via digibank. If you already bank with DBS and want capital-guaranteed returns, here is exactly what you get — and where else to look if you want more.

Not financial advice. All figures are for educational reference only. Data verified as at September 2026. Always confirm current rates directly with the bank before placing funds.

What is a DBS Fixed Deposit?

A DBS Fixed Deposit (also called a Time Deposit) lets you lock a lump sum with DBS Bank for a fixed period — typically 1 to 24 months — in exchange for a guaranteed interest rate. At maturity, DBS returns your principal plus the agreed interest.

It is different from your DBS Multiplier or POSB Passbook account in one important way: the rate is locked in for the full tenure. You will not earn more if rates rise, and you will not earn less if they fall. That predictability is the main draw.

DBS offers fixed deposits in both Singapore dollars and foreign currencies. This guide covers SGD fixed deposits only, since that is what most Singaporeans are comparing.

DBS Fixed Deposit Rates — September 2026

Here are DBS’s indicative Singapore dollar fixed deposit rates for September 2026. DBS operates primarily on board rates rather than time-limited promotional campaigns.

Source: DBS.com.sg board rates as at September 2026. Rates are indicative and subject to change without notice. Verify directly with DBS before placing funds.

Important note: Unlike banks such as CIMB, UOB, and Citibank, DBS does not run widely-publicised monthly promotions for its fixed deposits. DBS did not appear in the August 2026 Syfe comparison of best promotional FD rates — which tells you something about how competitive their headline figures are right now.

That said, DBS does occasionally offer limited-time rates to existing customers through the digibank app. These are not always publicly advertised. It is worth checking your digibank app directly — under “Deposits” — for any personalised offers.

DBS FD Conditions & Requirements

Before placing a DBS fixed deposit, here is what you need to know:

• Minimum amount: S$1,000 — lower than many competitors (UOB requires S$10,000 in fresh funds; CIMB requires S$10,000).
• Placement channels: digibank Online, digibank Mobile, ATM, or branch. Online placement earns the same rate as branch placement.
• No “fresh funds” requirement: DBS does not require you to bring in money from another bank. You can fund a DBS FD from your existing DBS savings account.
• Early withdrawal: DBS does not pay interest if you break the fixed deposit before maturity. There is also an early account closure fee of S$30 if the account is closed within 6 months.
• Auto-renewal: DBS defaults to rolling over your FD at the prevailing board rate at maturity. Set a reminder to review before it auto-renews, especially if rates change.
• SDIC insured: DBS deposits are insured by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor.

DBS vs Other Banks: How Rates Compare

Here is how DBS’s September 2026 rates stack up against the best-in-class alternatives:

Source: Syfe Magazine and individual bank websites, as at August–September 2026. Rates are indicative, promotional rates subject to conditions. Verify directly with each bank before placing funds.

The gap is significant. If you placed S$20,000 for 12 months:

• At DBS 1.00%: You earn ~S$200 in interest.
• At CIMB 1.75%: You earn ~S$350 — S$150 more, just by opening a different account.
• At Citibank 2.00% (Citigold): You earn ~S$400 — S$200 more, if you qualify.

Better Alternatives If You Want Higher Rates

Fixed deposits are not the only way to earn guaranteed or near-guaranteed returns in Singapore. Here are the main options to consider alongside DBS FD:

GXS Boost Pockets (1.75% for 12 months, min S$100)

GXS is a digital bank backed by Grab and Singtel. Its Boost Pocket feature locks funds for a set period and currently pays 1.75% for 12 months with just S$100 minimum. This is the best available rate with a low minimum as at September 2026. Read the full breakdown in this GXS Bank Singapore 2026 review.

MariBank Fixed Deposit (up to 1.30%, min S$100)

MariBank, backed by Sea Group (Shopee’s parent company), offers fixed deposits from S$100 minimum with 12-month rates at 1.30% p.a. It is MAS-regulated and SDIC-insured. Full details are in our MariBank Singapore complete guide.

Singapore Savings Bonds (SSB)

SSBs are backed by the Singapore government and can be redeemed any month without penalty. We cover these in our Singapore Savings Bonds guide.

Singapore T-bills (91-day and 182-day)

T-bills are short-term government securities that currently offer competitive rates via auction. See our Singapore T-bills 2026 guide for how the auction works and how to apply via digibank or CPF.

Cash Management Accounts (Syfe Cash+, Endowus Cash Smart)

If you want flexibility without locking in a tenure, cash management accounts like Syfe Cash+ or Endowus Cash Smart invest in short-duration bonds and money market instruments. Rates are not guaranteed, but these products have historically outperformed savings accounts with high liquidity.

When DBS FD Still Makes Sense

Despite the lower rates, there are genuine reasons to choose DBS for your fixed deposit:

• You already bank with DBS. No extra app, no new account setup. You can place a DBS FD in under two minutes via digibank. If your time is worth money, this convenience has value.
• You have less than S$10,000 to park. Most promotional rates require S$10,000–S$20,000 in fresh funds. DBS accepts S$1,000 with no fresh funds condition.
• You want to avoid “fresh funds” headaches. Moving money from one bank to another just to qualify for a promotional rate involves admin and potentially holding periods. DBS lets you use existing funds without conditions.
• You need sub-6-month tenors. For 1–3 month parking, T-bills or Syfe Cash+ often beat everything — but if you want a DBS FD for short tenors, it is straightforward.

The Verdict

DBS fixed deposit rates are not the best in Singapore for September 2026. That is an honest answer. If rate maximisation is your priority, you will earn materially more with CIMB, GXS Boost Pockets, or Maybank — even after accounting for setup time.

However, DBS FD is not without merit. The low minimum, zero fresh-funds condition, and seamless digibank integration make it the path of least resistance for existing DBS customers who want a quick, capital-safe place to park money. Just do not assume DBS equals best rate.

Use our Singapore retirement calculator to see how an extra 0.75% per year compounds over a 20–30 year horizon — the difference is larger than most people expect.

The Kopi Notes covers Singapore banking and investments. We may earn referral fees from certain links on this page. This does not affect our editorial independence. All rates cited are sourced from official bank websites and third-party comparison platforms. Always verify current rates before making financial decisions.