HSBC Fixed Deposit Rate Singapore (November 2026): Up to 2.00% SGD and 4.60% USD

Every HSBC Singapore time deposit promo rate by customer tier, the S$30,000 fresh-funds rule, and how HSBC stacks up against digital banks.

The best HSBC fixed deposit rate in Singapore in November 2026 is 2.00% p.a. on a 6-month SGD time deposit, for Premier and Premier Elite customers. Personal Banking customers get 1.80% p.a. on the same tenor. Both need at least S$30,000 in fresh funds, placed through the HSBC Singapore App. For USD, HSBC pays up to 4.60% p.a. on a 3-month deposit for Premier Elite and 3.85% p.a. for Personal Banking.

Not financial advice. All figures are for educational reference only. Data verified as at 12 November 2026 against HSBC Singapore’s official time deposit pages and rate sheets. Rates can change at any time, including within the same day.

Table of Contents

HSBC SGD Fixed Deposit Rates (November 2026)

HSBC calls its fixed deposit a “time deposit”. The idea is the same. You lock a sum away for a set period, from 3 to 12 months, and the bank pays a fixed interest rate for that period. The rate does not move even if market rates fall after you place the deposit.

HSBC’s current headline on its SGD Time Deposit page is up to 2.00% p.a. on a 6-month deposit with fresh funds. That top rate is open to every Premier tier, not just Premier Elite. Personal Banking customers, who do not need to meet Premier’s balance requirements, get 1.80% p.a. on the same 6-month tenor.

Source: HSBC Singapore SGD Time Deposit page, promotional rates for a minimum of S$30,000 in fresh funds placed via the HSBC Singapore App, checked 12 November 2026.

Three things stand out from the table:

• The 6-month tenor is the sweet spot. It pays the highest rate in every tier. Rates drop on the 9-month and 12-month tenors, which tells you HSBC expects SGD interest rates to be lower a year from now.
• Your tier only matters for longer tenors. On 3 and 6 months, all Premier customers get the same rate. On 12 months, Premier Elite earns 1.70% p.a. while Premier customers without wealth holdings earn 1.35% p.a.
• The Personal Banking gap is 0.20% to 0.40% p.a. On S$30,000 for 6 months, 0.20% p.a. is worth about S$30. That alone is not a reason to upgrade to Premier.

Who Qualifies: Fresh Funds, Minimums and the App-Only Rule

HSBC’s promotional rates come with conditions. Read them before you move money, because missing one means you earn a lower board rate instead.

Minimum S$30,000 in fresh funds

The promotional rates need a minimum of S$30,000 in fresh funds. “Fresh funds” generally means money that is new to HSBC, such as a transfer in from another bank. Money already sitting in your HSBC savings account, or money from a maturing HSBC deposit, usually does not count. The exact definition sits in HSBC’s promotion terms, so check them before you move money around between your own accounts.

Standard minimum is S$5,000

Without the promotion, HSBC lets you place an SGD time deposit from S$5,000. HSBC does not list the standard board rate on the product page, so ask the bank or check the app before you place a smaller sum. Do not assume you will get the promo rate on S$5,000.

App only from November 2026

HSBC says that from November 2026 you will no longer be able to place new time deposits through HSBC Online Banking. You must use the HSBC Singapore App. If you prefer to bank on a desktop browser, plan for this before your next deposit matures.

HSBC USD Fixed Deposit Rates: Promo vs Board

HSBC’s USD offer is stronger than its SGD offer in headline terms. The foreign currency time deposit page advertises up to 4.60% p.a. on a 3-month USD deposit with fresh funds. As with SGD, the minimum is USD 30,000 and you must place it through the app.

Source: HSBC Singapore Foreign Currency Time Deposit page, promotional rates for a minimum of USD 30,000 in fresh funds placed via the HSBC Singapore App, checked 12 November 2026.

The promo rates are well above HSBC’s standard board rates. The board rates come from HSBC’s published rate sheets and apply to placements that do not meet the promo conditions. Here is what a Personal Banking customer gets without the promotion:

Source: HSBC Singapore foreign currency time deposit rates (Personal Banking rate sheet PDF), checked 12 November 2026. Selected tiers shown.

For a Personal Banking customer placing USD 30,000 for 3 months, the gap between 3.85% (promo) and 2.90% (board) is 0.95% p.a. That is why the fresh-funds rule matters so much. Also note that HSBC’s USD board rate for 12 months is lower than for 3 or 6 months.

A USD deposit adds currency risk. If the US dollar weakens against the Singapore dollar while your money is locked up, the exchange loss can wipe out the extra interest. Our guide to USD fixed deposit rates in Singapore explains how to think about this before you convert.

AUD, GBP and Other Currency Time Deposits

HSBC is running a “November AUD and GBP Exclusive Promotion”. From 1 November 2026, it pays 4.00% p.a. on 3-month AUD time deposits and 3.35% p.a. on 3-month GBP time deposits, for fresh funds placed via the HSBC Singapore App. HSBC did not show an end date for this promotion on its page when we checked.

The minimum placement differs by currency. HSBC lists 25,000 for USD, GBP, AUD, CAD, NZD, EUR and CHF; HKD 100,000; JPY 10 million; and CNY 250,000. Several currencies currently pay nothing at standard rates: HSBC’s rate sheets show 0.00% for EUR, CHF and JPY across all tiers.

Worked Example: What S$30,000 Earns at HSBC

Take a Singapore saver with S$30,000 sitting in another bank’s savings account. Moving it to HSBC as fresh funds would qualify for the promo. Here is what each option pays, using simple interest:

Source: TKN calculation using HSBC’s published promo rates, checked 12 November 2026. Simple interest, rounded; actual interest depends on HSBC’s day count.

The last row is the interesting one. A 12-month deposit locks in 1.70% p.a. for Premier Elite. Two 6-month deposits in a row would pay more, but only if HSBC still offers 2.00% p.a. in six months, and only if the rollover counts for the promo. Money from a maturing HSBC deposit usually does not count as fresh funds. So the 12-month option gives you certainty, while the 6-month option gives you a higher rate now and a question mark later.

For a USD saver, USD 30,000 for 3 months at the Personal Banking promo of 3.85% p.a. earns about USD 288.75. At the 2.90% board rate it would earn about USD 217.50. Premier Elite at 4.60% p.a. would earn about USD 345.

HSBC Fixed Deposit vs Digital Banks

An HSBC fixed deposit makes the most sense if you already bank with HSBC, or if you have S$30,000 or more that you will not need for six months. If you have less, or you want to withdraw at any time, a digital bank savings account is often the simpler choice.

Digital banks like MariBank, Trust Bank and GXS Bank have no S$30,000 minimum and let you take money out any day. Their rates change often, so check our latest comparison of digital bank vs traditional fixed deposit rates and the highest fixed deposit rates in Singapore this month before you decide. For a wider look at the digital players, see our guide to the best digital bank in Singapore.

If you do sign up for a digital bank, you can use TKN’s referral pages for any welcome bonus: the MariBank referral code 2DCT80WQ, the Trust Bank referral code HTWYQP95, or the GXS Bank referral code YONG477. TKN may earn a referral reward if you use these codes.

Many savers use both. They keep an emergency fund in a flexible digital bank account and lock the money they will not touch for six months or more in a fixed deposit.

Early Withdrawal, Deposit Insurance and Other Catches

Early withdrawal

HSBC says premature withdrawal charges may apply, and interest on an early withdrawal is calculated at the bank’s discretion. HSBC does not list a fixed penalty on the product page; it points to its Account User Agreement and Fees and Charges documents. Assume you could lose some or all of the interest if you break the deposit early.

Deposit insurance

SGD deposits at banks that are members of Singapore’s Deposit Insurance Scheme are covered up to S$100,000 per depositor per bank. Foreign currency deposits are not. HSBC’s own rates page states that foreign currency deposits are not eligible for deposit insurance coverage. Read more on MoneySense’s deposit insurance guide.

Rates can change at any time

HSBC’s rates page says its rates are subject to change at any time, including intra-day, without notice. The rate you see in the app when you confirm the placement is the one that counts.

Is an HSBC Fixed Deposit Worth It?

An HSBC fixed deposit is a reasonable choice if you have at least S$30,000 of fresh funds and can leave it alone for six months. The 2.00% p.a. 6-month rate is open to every Premier tier. Personal Banking customers still get 1.80% p.a. without any wealth holdings.

It is a weaker choice if you have less than S$30,000, you might need the money early, or you plan to roll the deposit over. A maturing deposit usually will not qualify for the fresh-funds rate again.

Fixed deposits are a place to park cash, not a way to build long-term wealth. To see how your savings and investments add up over time, try our Singapore retirement planning calculator.

This article was researched with the help of AI tools and checked against HSBC Singapore’s official time deposit pages and rate sheets on 12 November 2026. Rates and promotion terms change often. Always confirm the latest rate in the HSBC Singapore App before you place a deposit. Not financial advice.

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