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

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

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