Fixed Deposit Rate Singapore (September 2026): Best Rates Compared — All Banks
Standard Chartered leads at 2.00% p.a. Here’s every bank’s current FD rate, minimum deposit, and what you actually need to qualify.
Fixed deposit rates in Singapore for September 2026 range from 1.00% p.a. (DBS) to 2.00% p.a. (Standard Chartered priority banking). The best rates generally require fresh funds — money not already sitting in another account at the same bank. If you have S$10,000 to S$25,000 to spare, CIMB and UOB offer competitive rates without the ultra-high minimums of some private banking offers.
Not financial advice. Rates change without notice — verify current figures at official bank websites before placing any deposit. Data researched as at 10 September 2026.
- Best overall rate: Standard Chartered 2.00% p.a. (6-month, priority banking, S$25K fresh funds)
- Best for most people: CIMB 1.75% p.a. (9-12 months, S$10K, no fresh funds required)
- Best low minimum: MariBank 1.20% p.a. (6-month, from S$100)
- Biggest bank option: DBS 1.00% p.a. (9-12 months, S$1K–S$19,999)
Table of Contents
Contents — Click to expand
- Best Fixed Deposit Rates Singapore — Quick Comparison
- Standard Chartered Fixed Deposit Rate
- CIMB Fixed Deposit Rate
- UOB Fixed Deposit Rate
- Maybank Fixed Deposit Rate
- OCBC Fixed Deposit Rate
- DBS Fixed Deposit Rate
- Other Banks (RHB, BOC, GXS, MariBank, HLF)
- How to Choose the Right Fixed Deposit
- Alternatives to Fixed Deposits
- The Kopi Notes Verdict
- Frequently Asked Questions
Best Fixed Deposit Rates Singapore — Quick Comparison (September 2026)
Here’s the full picture across major Singapore banks. All rates are promotional where applicable. “Fresh funds” means money not already held at that bank.
| Bank | Best Rate (p.a.) | Tenor | Min Amount | Fresh Funds? |
|---|---|---|---|---|
| Standard Chartered | 2.00% | 6 months | S$25,000 | Yes (Priority Banking) |
| CIMB | 1.75% | 9–12 months | S$10,000 | No |
| UOB | 1.55% | 10 months | S$10,000 | Yes |
| Maybank | 1.45% | 6–12 months | S$20,000 | Yes |
| OCBC | 1.40% | 12 months | S$20,000 | Yes (online) |
| RHB | ~1.35% | 3–6 months | S$20,000 | Yes |
| Bank of China | ~1.35% | 3–6 months | S$500 | Yes |
| Hong Leong Finance | ~1.30% | 3–5 months | S$5,000+ | Yes |
| MariBank | 1.20% | 6 months | S$100 | No |
| DBS/POSB | 1.00% | 9–12 months | S$1,000 | No (max S$19,999) |
Rates as researched from official bank sources and comparison sites, September 2026. Rates may change without notice. “~” indicates approximate rates — verify directly with the bank.
Standard Chartered Fixed Deposit Rate — Up to 2.00% p.a.
Standard Chartered currently offers the highest advertised fixed deposit rate among major Singapore banks at 2.00% p.a. for its 6-month SGD time deposit under the Priority Banking promotional offer. Personal Banking customers can earn up to 1.80% p.a. on the same tenor with a minimum of S$25,000 in fresh funds.
The catch: you need to be a Priority Banking customer and place the funds as fresh funds (not already held at Standard Chartered). That means this rate is most accessible if you’re banking elsewhere and moving funds over.
→ Full Standard Chartered Fixed Deposit Rate Guide (September 2026)
CIMB Fixed Deposit Rate — Up to 1.75% p.a.
CIMB is the standout choice if you want a strong rate without needing to use fresh funds. Preferred Banking customers earn 1.75% p.a. on 9- and 12-month deposits; Personal Banking customers earn 1.70% p.a. on the same tenors. The minimum is S$10,000 — lower than most banks — and your existing CIMB savings qualify.
→ Full CIMB Fixed Deposit Rate Guide (September 2026)
UOB Fixed Deposit Rate — Up to 1.55% p.a.
UOB updated its promotional rates effective 9 September 2026, offering up to 1.55% p.a. on its 10-month tenor for wealth customers with S$10,000 or more in fresh funds. The standard 6-month rate is 1.20% p.a. These promotions require fresh funds — money not currently held in UOB savings or current accounts.
UOB One Account holders should compare whether the UOB One’s bonus interest rates outperform placing funds in a fixed deposit before locking in.
→ Full UOB Fixed Deposit Rate Guide (September 2026)
Maybank Fixed Deposit Rate — Up to 1.45% p.a.
Maybank offers 1.45% p.a. on 6- and 12-month tenors for fresh fund placements of at least S$20,000 via online banking. There’s also a Deposits Bundle Promotion that offers a headline rate of up to 1.55% p.a. — but the effective combined return across the bundle is approximately 1.41% p.a. because the savings portion earns only the base rate.
→ Full Maybank Fixed Deposit Rate Guide (September 2026)
OCBC Fixed Deposit Rate — Up to 1.40% p.a.
OCBC offers 1.40% p.a. for 12-month fixed deposits via internet banking, with a minimum placement of S$20,000 in fresh funds. Over-the-counter rates are slightly lower. OCBC 360 account holders should factor in whether their bonus interest tier is higher than the FD rate — for many, the 360 account beats an FD.
→ Full OCBC Fixed Deposit Rate Guide (September 2026) | OCBC 360 Account Review
DBS Fixed Deposit Rate — Up to 1.00% p.a.
DBS offers 1.00% p.a. on 9- and 12-month deposits for amounts between S$1,000 and S$19,999. This low minimum makes DBS the go-to for small savers who want a guaranteed return without committing large sums. Notably, DBS rates for deposits of S$20,000 and above drop significantly — the bank’s FD structure favours smaller amounts.
Senior citizens (55+) can earn an extra 0.10% p.a. through DBS’s Premier Income Account with a minimum of S$10,000.
→ Full DBS Fixed Deposit Rate Guide (September 2026)
Other Banks
RHB offers competitive rates around 1.30–1.40% p.a. for 3- to 6-month placements with a minimum of S$20,000. → Full RHB FD Rate Guide
Bank of China offers up to ~1.35% p.a. with a remarkably low minimum of S$500 via mobile banking — one of the best entry-level FD options in Singapore. → Full BOC FD Rate Guide
Hong Leong Finance offers up to 1.30% p.a. for 3- and 5-month tenors (S$60,000+ fresh funds) or 1.25% p.a. for S$5,000–S$20,000 online placements. → Full HLF FD Rate Guide
MariBank offers 1.20% p.a. for 6-month deposits from just S$100 with no fresh funds requirement — the most accessible entry point in Singapore. → MariBank Interest Rate Guide
GXS Boost Pockets offer up to 1.38% p.a. for a 3-month term with just S$100 minimum — not a traditional FD but functions similarly. → GXS Bank Review
How to Choose the Right Fixed Deposit in Singapore
1. Do you have “fresh funds”?
The best promotional FD rates almost always require fresh funds — money that hasn’t been sitting in another account at the same bank. If you’re moving money from DBS to Standard Chartered, that qualifies. If you’re just moving money between your UOB savings and UOB FD, it likely doesn’t.
2. What minimum can you commit?
Most top-tier FD promotions require S$20,000–S$25,000. If you have less, MariBank (S$100 minimum), Bank of China (S$500), or DBS (S$1,000) are better fits. Don’t over-stretch your liquid savings chasing a slightly higher rate.
3. How long can you lock the funds?
Longer tenors don’t always mean higher rates in Singapore right now. CIMB’s 9- and 12-month rate (1.75%) beats most banks’ 6-month rates. But if you might need the money sooner, pick a shorter tenor — early withdrawal typically forfeits all accrued interest.
4. Are you a priority or preferred banking customer?
Standard Chartered, OCBC, CIMB, and RHB all offer meaningfully higher rates to priority/preferred banking customers. If you’re close to the threshold, consolidating banking relationships might unlock better FD rates.
5. Are there better alternatives for your needs?
Before locking your money in an FD, compare with: Singapore T-bills (currently ~3.00% p.a. for 6-month), Singapore Savings Bonds (SSB, around 2.50% p.a. year 1), and high-yield savings accounts that don’t require lockups. See below.
Alternatives to Fixed Deposits in Singapore
Before committing to an FD, consider whether these alternatives suit your situation better:
- Singapore T-bills: 6-month T-bills have been yielding around 2.80–3.20% p.a. in 2026 — significantly higher than most FD rates. However, you bid at auction, and your funds are locked for 6 months with limited secondary market liquidity.
- Singapore Savings Bonds (SSB): Offer around 2.40–2.60% p.a. for the first year and can be redeemed any month with no penalty (one month’s notice). Great flexibility for cash you might need back soon.
- High-yield savings accounts: UOB One, OCBC 360, and Standard Chartered BonusSaver can pay significantly more than FD rates — but require salary crediting, minimum spend, or other conditions. See our Best Savings Account Singapore guide.
- Syfe Cash+ Guaranteed: Offers guaranteed rates in cash management wrappers. → Syfe Cash+ Guaranteed review (Referral code: SRPRFFFCD)
- Endowus Cash Smart: Invests in money market funds with competitive returns. → Endowus Cash Smart review (Referral code: 2V343)
The Kopi Notes Verdict
Fixed deposit rates in Singapore are in the 1.00–2.00% p.a. range as of September 2026 — decent for capital preservation, but trailing Singapore T-bills and SSBs by a meaningful margin. The gap is large enough that if you don’t need the simplicity of a bank FD, you should seriously consider T-bills or SSBs first.
That said, FDs have their place: they’re SDIC-insured up to S$100,000, require no auction participation, and are accessible through your existing banking app. For retirees or conservative savers who value simplicity over optimising every basis point, CIMB (1.75%, no fresh funds, S$10K minimum) and MariBank (1.20%, from S$100) are the standout options for the accessible-to-most category.
Check individual bank articles above for the full breakdown of rates, terms, and step-by-step guides.
Frequently Asked Questions
Which bank has the best fixed deposit rate in Singapore right now?
As of September 2026, Standard Chartered offers the highest rate at 2.00% p.a. for priority banking customers on a 6-month deposit with S$25,000 in fresh funds. For most retail customers without priority banking status, CIMB’s 1.75% p.a. (9–12 months, S$10,000, no fresh funds required) is the most accessible high-rate option.
What does 'fresh funds' mean for fixed deposits?
Fresh funds refer to money that is new to the bank — not already held in any existing account (savings, current, or FD) at that same institution. To qualify, you typically need to transfer money from another bank. Most promotional FD rates in Singapore require fresh funds to prevent customers from simply moving money between accounts to claim the bonus rate.
Are fixed deposits in Singapore safe?
Yes. Fixed deposits placed at MAS-licensed banks in Singapore are insured under the Singapore Deposit Insurance Corporation (SDIC) scheme, which protects up to S$100,000 per depositor per bank. This makes FDs one of the safest savings instruments available. Foreign bank branches and finance companies like Hong Leong Finance are also covered under the scheme.
Can I withdraw a fixed deposit early in Singapore?
Most banks allow early withdrawal of fixed deposits, but you will forfeit all accrued interest. Some banks (like DBS) may also charge a processing fee. MariBank is an exception — it credits base interest up to the date of early withdrawal. If liquidity matters to you, consider Singapore Savings Bonds instead, which can be redeemed any month with no penalty.
Are fixed deposits better than Singapore T-bills or SSBs?
For September 2026, Singapore T-bills (6-month yield ~2.80–3.20% p.a.) and Singapore Savings Bonds (~2.40–2.60% p.a. year 1) offer higher returns than most bank FD rates. However, T-bills require auction participation and limited secondary market liquidity, while FDs are simpler and available through your banking app. SSBs offer more flexibility with no penalty redemption. The best choice depends on whether you prioritise yield, simplicity, or liquidity.
What is the minimum amount for a fixed deposit in Singapore?
Minimums vary widely: MariBank and GXS Boost Pockets accept from just S$100. Bank of China accepts from S$500. DBS/POSB starts at S$1,000. Most major banks (UOB, OCBC, Standard Chartered, Maybank) require S$10,000 to S$25,000 for their best promotional rates. If you’re starting small, MariBank (1.20% p.a.) or Bank of China (up to ~1.35% p.a. from S$500) are the most accessible options.
Do fixed deposit rates change often?
Yes — promotional FD rates in Singapore change frequently, often monthly or when a bank runs out of its promotional allocation. Some promotions last only 2–4 weeks. Always check the official bank website or call their hotline before placing a deposit. This article is updated regularly, but rates may have changed since the last update date shown.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
