Earn up to 2.50% interest: Singapore’s best fixed deposit rates this May 2025

SINGAPORE: Singapore banks are now offering fixed deposit rates of up to 2.50%, making it a good time for savers to lock in their funds, with minimum deposits starting from just S$500.

May 2025 highest fixed deposit rates

•  Syfe Cash+ Guaranteed

  • Interest Rate: 2.50% p.a.

  • Commitment Period: 3 months

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  • Minimum Amount: No minimum

• StashAway Simple Guaranteed

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 3 months

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  • Minimum Amount: No minimum

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

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  • Minimum Amount: S$1,000

• Maybank

  • Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.35% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• Bank of China

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.30% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• CIMB

  • Interest Rate: 2.20% – 2.25% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Hong Leong Finance

  • Interest Rate: 2.05% p.a. (online fixed deposit special)

  • Commitment Period: 7 months

  • Minimum Amount: S$20,000

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

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

  • Minimum Amount: S$20,000

• UOB

  • Interest Rate: 2.00% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• HSBC

  • Interest Rate: 2.00% p.a. (Premier and Premier Elite customers with wealth holdings)

  • Commitment Period: 3 months

  • Minimum Amount: S$30,000

• Standard Chartered

  • Interest Rate: 1.95% – 2.05% p.a.

  • Commitment Period: 5 months

  • Minimum Amount: S$25,000

• OCBC

  • Interest Rate: 1.90% p.a. (internet banking)

  • Commitment Period: 9 months

  • Minimum Amount: S$30,000

May 2025 best fixed deposit rates by commitment period

3-Month commitment period:

•  Syfe Cash+ Guaranteed

  • Interest Rate: 2.50% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

•  StashAway Simple Guaranteed

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

• ICBC

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Bank of China

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.30% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• CIMB

  • Interest Rate: 2.20% – 2.25% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 1.55% p.a. (personal banking customers)

  • Commitment Period: 3 months

  • Minimum Amount: S$30,000

6-Month commitment period:

• Maybank

  • Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• State Bank of India

  • Interest Rate: 2.35% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• StashAway Simple Guaranteed

  • Interest Rate: 2.25% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• Bank of China

  • Interest Rate: 2.25% p.a.(via mobile banking)

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• ICBC

  • Interest Rate: 2.25% p.a.(via e-banking)

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.20% p.a. (T&Cs apply)

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• DBS

  • Interest Rate: 2.15% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$1,000

• CIMB

  • Interest Rate: 2.10% – 2.15% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• UOB

  • Interest Rate: 2.00% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• HSBC

  • Interest Rate: 1.50% p.a. (personal banking customers)

  • Commitment Period: 6 months

  • Minimum Amount: S$30,000

12-Month commitment period:

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• ICBC

  • Interest Rate: 2.25% p.a.(via e-banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• Maybank

  • Interest Rate: 2.25% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.25% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$50,000

• Bank of China

  • Interest Rate: 2.20% p.a.(via mobile banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.15% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• StashAway Simple Guaranteed

  • Interest Rate: 2.05% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• CIMB

  • Interest Rate: 1.90% – 1.95% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$10,000

• OCBC

  • Interest Rate: 1.85% p.a. (internet banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$30,000

• HSBC

  • Interest Rate: 1.35% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$30,000

May 2025 best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• Bank of China

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.30% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• CIMB

  • Interest Rate: 2.20% – 2.25% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Hong Leong Finance

  • Interest Rate: 2.00% p.a. (online fixed deposit special)

  • Commitment Period: 7 months

  • Minimum Amount: S$5,000

• UOB

  • Interest Rate: 2.00% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

Deposits $20,000–$49,999:

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• Maybank

  • Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Bank of China

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.30% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• CIMB

  • Interest Rate: 2.20% – 2.25% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Hong Leong Finance

  • Interest Rate: 2.05% p.a. (online fixed deposit special)

  • Commitment Period: 7 months

  • Minimum Amount: S$20,000

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

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

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.00% p.a. (Premier and Premier Elite customers with wealth holdings)

  • Commitment Period: 3 months

  • Minimum Amount: S$30,000

• Standard Chartered

  • Interest Rate: 1.95% – 2.05% p.a.

  • Commitment Period: 5 months

  • Minimum Amount: S$25,000

• OCBC

  • Interest Rate: 1.90% p.a. (internet banking)

  • Commitment Period: 9 months

  • Minimum Amount: S$30,000

Deposits $50,000 and above:

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• Maybank

  • Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.35% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• Bank of China

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

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

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Citibank

  • Interest Rate: 2.30% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• CIMB

  • Interest Rate: 2.20% – 2.25% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Hong Leong Finance

  • Interest Rate: 2.05% p.a. (online fixed deposit special)

  • Commitment Period: 7 months

  • Minimum Amount: S$20,000

• RHB

  • Interest Rate: 2.00% – 2.10% p.a.

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

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.00% p.a. (Premier and Premier Elite customers with wealth holdings)

  • Commitment Period: 3 months

  • Minimum Amount: S$30,000

/TISG

Read also: Earn up to 2.90% interest: Singapore’s best-fixed deposit rates this April 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)