// Adds dimensions UUID, Author and Topic into GA4
Sunday, August 16, 2026
27.7 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

Relationships

Too many choices, too many deal-breakers? Singaporeans say dating apps are making love harder

Some Singaporeans think dating apps have given people too many choices, making it easier to reject, ghost and move on to the next match.
Jobs

SG employee frustrated as colleague takes 3-5 days of MC almost every month: ‘It can get pretty exhausting’

The employee says he doesn't mind the MC — he minds what happens to the work afterwards.

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