// Adds dimensions UUID, Author and Topic into GA4
Sunday, June 14, 2026
28.9 C
Singapore
type here...
Woman holding a fan of cash.
Photo: Freepik/jcomp(for illustration purposes only)
Personal Finance
4 min.Read

Steady returns, no heartbreaks with the best-fixed deposit rates in Singapore this Feb 2025—up to 2.90% p.a.

Mary Alavanza
By Mary Alavanza

SINGAPORE: This heart month, why not fall for something that gives back—like a solid fixed deposit? With just S$500, you can start growing your savings at rates of up to 2.90% p.a. No heartbreaks, no surprises—just steady returns. Now, that’s a commitment worth making!

Here are the banks offering the best-fixed deposit returns right now:

Feb 2025 Highest Fixed Deposit Rates

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  • ICBC

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Maybank

    • Interest Rate: 2.90% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Bank of China

    • Interest Rate: 2.80% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

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

    • Commitment Period: 3 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: 2.50 – 2.80% 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 or 12 months

    • Minimum Amount: S$30,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • HSBC

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Feb 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  • ICBC

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% 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

  • Citibank

    • Interest Rate: 2.50% p.a. (T&Cs apply)

    • Commitment Period: 3 months

    • Minimum Amount: S$50,000

6-Month commitment period:

  • Maybank

    • Interest Rate: 2.90% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • StashAway Simple Guaranteed

    • Interest Rate: 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.75% 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

  • HSBC

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$200,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • ICBC

    • Interest Rate: 2.55% p.a.(via e-banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.55– 2.60% 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

  • 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: 2.70% p.a. (branch placement)

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • StashAway Simple Guaranteed

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.70% 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

  • State Bank of India

    • Interest Rate: 2.50% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$50,000

  • ICBC

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

    • Commitment Period: 12 months

    • Minimum Amount: S$500

  • OCBC

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

    • Commitment Period: 12 months

    • Minimum Amount: S$30,000

  • CIMB

    • Interest Rate: 2.40 – 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$10,000

Feb 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

  • ICBC

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

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

    • Commitment Period: 3 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:

  • ICBC

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Maybank

    • Interest Rate: 2.90% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

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

    • Commitment Period: 3 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

  • 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: 2.50 – 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • OCBC

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

    • Commitment Period: 6 months or 12 months

    • Minimum Amount: S$30,000

  • HSBC

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Deposits $50,000 and above:

  • ICBC

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

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

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • HSBC

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$200,000

  • 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

  • Citibank

    • Interest Rate: 2.50% p.a. (T&Cs apply)

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$50,000

/TISG

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

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

Featured image by Depositphotos (for illustration purposes only)

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

Hot this week

Singapore News

Writer says Singapore must go beyond blocking content after anti-Indian hate campaign

From Mr Vadaketh's June 12 FB post: "We believe the government must live up to its commitment to transparency. Release full immigration data, including for instance, the number of dependents and lo...
Singapore News

Lee Kuan Yew said his biggest regret was the failed merger with Malaysia

From comments from Lee Kuan Yew from a 2009 interview with the American journalist Charlie Rose. He said his biggest regret was the failed merger with Malaysia, a local Reddit user pointed out. "I ...

Popular Categories

Singapore NewsFeatured NewsSG EconomySingapore PoliticsLifestyleCelebrityInternational
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