// Adds dimensions UUID, Author and Topic into GA4
Monday, August 17, 2026
29.8 C
Singapore
type here...
Gold wooden number year 2024 on top stack of coins with sky blue background and copy space. saving money and financial plan concept for investment in new year 2024.
Photo: Depositphotos/katiindies
Personal Finance
4 min.Read

Earn up to 3.05% interest! — Best fixed deposit rates in Singapore this Jan 2025

Mary Alavanza
By Mary Alavanza

SINGAPORE: Grow your money while celebrating the Chinese New Year with deposits starting at S$500, as banks offer fixed deposit rates of up to 3.05% per annum this January 2025!

Jan 2025 Highest Fixed Deposit Rates

  • Maybank

    • Interest Rate: 3.05% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.95% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Hong Leong Finance

    • Interest Rate: 2.65% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months or 6 months or 12 months

    • Minimum Amount: S$20,000

  • Standard Chartered

    • Interest Rate: 2.40 – 2.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000

  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

Jan 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.95% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Citibank

    • Interest Rate: 2.90% p.a. (T&Cs apply)

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • CIMB

    • Interest Rate: 2.65 – 2.70% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$20,000

6-Month commitment period:

  • Maybank

    • Interest Rate: 3.05% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.85% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum

  • StashAway Simple Guaranteed

    • Interest Rate: 2.85% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.75% p.a.(via mobile banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • HSBC

    • Interest Rate: 2.48% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • ICBC

    • Interest Rate: 2.45% p.a.(via e-banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

12-Month commitment period:

  • Maybank

    • Interest Rate: 2.80% p.a. (branch placement)

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.75% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • StashAway Simple Guaranteed

    • Interest Rate: 2.75% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.60% p.a.(via mobile banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$500

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000

  • CIMB

    • Interest Rate: 2.55 – 2.60% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$10,000

  • State Bank of India

    • Interest Rate: 2.50% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$50,000

  • ICBC

    • Interest Rate: 2.30% p.a.(via e-banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$500

  • OCBC

    • Interest Rate: 2.30% p.a. (internet banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$30,000

Jan 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

  • Bank of China

    • Interest Rate: 2.95% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Hong Leong Finance

    • Interest Rate: 2.60% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$5,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

Deposits $20,000–$49,999:

  • Maybank

    • Interest Rate: 3.05% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Bank of China

    • Interest Rate: 2.95% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months or 6 months or 12 months

    • Minimum Amount: S$20,000

  • Hong Leong Finance

    • Interest Rate: 2.65% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Standard Chartered

    • Interest Rate: 2.40 – 2.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • HSBC

    • Interest Rate: 2.48% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Deposits $50,000 and above:

  • Bank of China

    • Interest Rate: 2.95% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Citibank

    • Interest Rate: 2.90% p.a. (T&Cs apply)

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • Hong Leong Finance

    • Interest Rate: 2.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months or 6 months or 12 months

    • Minimum Amount: S$20,000

  • HSBC

    • Interest Rate: 2.48% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Read also: Earn up to 3.15% interest with the best-fixed deposit rates in Singapore this Dec 2024!

Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites

Featured image by Depositphotos

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

Singapore News

‘Singapore is very rich’ — Chinese national man says as the reason for breaking into SG homes on his first visit, stealing more than...

He burgled homes on his first visit to Singapore after finding the country “rich”. The defense lawyers also said the accused’s offenses were “amateurish”.
Domestic Helpers

Maid gets 8 weeks’ jail for pushing 94 y/o employer down while removing his walking stick, causing head injury in fall

The domestic helper lost her temper after her employer repeatedly struck her bedroom door with his walking stick, asking for food

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityIn the Hood
document.addEventListener("DOMContentLoaded", () => { const trigger = document.getElementById("ads-trigger"); if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { entries.forEach(entry => { if (entry.isIntersecting) { lazyLoader(); // You should define lazyLoader() elsewhere or inline here observer.unobserve(entry.target); // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); observer.observe(trigger); } else { // Fallback setTimeout(lazyLoader, 3000); } });

The Independent SG

Also Visit

Social Media

© The Independent Singapore

// //
Enable Notifications OK No thanks