// Adds dimensions UUID, Author and Topic into GA4
Sunday, July 5, 2026
28.3 C
Singapore
type here...
Young Asian woman making stack of coins.
Photo: Depositphotos/saksitpond(for illustration purposes only)
Personal Finance
4 min.Read

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

Mary Alavanza
By Mary Alavanza

SINGAPORE: Make the most of 2024 as the year draws to a close and set yourself up for a stronger start in the new year! Earn up to 3.15% interest with these banks offering competitive rates this December.

Dec 2024 Highest Fixed Deposit Rates

  • Maybank
    • Interest Rate: 3.15% p.a. (branch placement)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  •  Syfe Cash+ Guaranteed
    • Interest Rate: 3.10% p.a.
    • Commitment Period: 1 month
    • Minimum Amount: No minimum
  •  StashAway Simple Guaranteed
    • Interest Rate: 3.00% p.a.
    • Commitment Period: 1 month or 3 months
    • Minimum Amount: No minimum
  • ICBC
    • Interest Rate: 3.00% p.a. (via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • Bank of China
    • Interest Rate: 3.00% p.a. (via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 3 months or 6 months or 12 months or 18 months
    • Minimum Amount: S$20,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • Hong Leong Finance
    • Interest Rate: 2.75% p.a. (online fixed deposit special)
    • Commitment Period: 6 months
    • Minimum Amount: S$50,000
  • Standard Chartered
    • Interest Rate: 2.55 – 2.75% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$25,000
  • UOB
    • Interest Rate: 2.50% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000
  • DBS
    • Interest Rate: 2.45% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$1,000
  • HSBC
    • Interest Rate: 2.45% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$30,000
  • OCBC
    • Interest Rate: 2.45% p.a. (internet banking)
    • Commitment Period: 6 months
    • Minimum Amount: S$30,000

Dec 2024 Best fixed deposit rates by commitment period

3-Month commitment period:

  •  Syfe Cash+ Guaranteed
    • Interest Rate: 3.05% 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: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 3.00% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$20,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 month
    • Minimum Amount: S$10,000
  • Citibank
    • Interest Rate: 2.40% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$50,000

6-Month commitment period:

  • Maybank
    • Interest Rate: 3.15% p.a. (branch placement)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • Syfe Cash+ Guaranteed
    • Interest Rate: 2.8% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: No minimum
  • StashAway Simple Guaranteed
    • Interest Rate: 2.80% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: No minimum
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000
  • Bank of China
    • Interest Rate: 2.75% p.a.(via mobile banking)
    • Commitment Period: 6 months
    • Minimum Amount: S$500
  • 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:

  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$20,000
  • Maybank
    • Interest Rate: 2.80% p.a. (branch placement)
    • Commitment Period: 12 months
    • Minimum Amount: S$20,000
  • Syfe Cash+ Guaranteed
    • Interest Rate: 2.65% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: No minimum
  • StashAway Simple Guaranteed
    • Interest Rate: 2.65% 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
  • CIMB
    • Interest Rate: 2.55 – 2.60% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$10,000
  • 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

Dec 2024 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

  • Bank of China
    • Interest Rate: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 3.00% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 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$5,000
  • UOB
    • Interest Rate: 2.50% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000
  • DBS
    • Interest Rate: 2.45% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$1,000

Deposits $20,000–$49,999:

  • Maybank
    • Interest Rate: 3.15% p.a. (branch placement)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • Bank of China
    • Interest Rate: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 3.00% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 3 months or 6 months or 12 months or 18 months
    • Minimum Amount: S$20,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • Standard Chartered
    • Interest Rate: 2.55 – 2.75% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$25,000
  • Hong Leong Finance
    • Interest Rate: 2.70% p.a. (online fixed deposit special)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • HSBC
    • Interest Rate: 2.45% p.a.
    • Commitment Period: 3 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: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 3.00% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.90 – 3.00% p.a.
    • Commitment Period: 3 months or 6 months or 12 months or 18 months
    • Minimum Amount: S$20,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • Hong Leong Finance
    • Interest Rate: 2.75% p.a. (online fixed deposit special)
    • Commitment Period: 6 months
    • Minimum Amount: S$50,000
  • HSBC
    • Interest Rate: 2.45% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$30,000
  • Citibank
    • Interest Rate: 2.40% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$50,000

Read also: Best fixed deposit rates in Singapore for Nov 2024: Earn up to 3.25% interest!

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

‘If your boss screams at you, leave’: Singaporeans share career lessons learned the hard way

On Reddit, a netizen asked: What is something you wish someone told you earlier in your career?
In the Hood

‘Everything gets photographed and posted nowadays’: Netizens react to complaint about woman and dog

On Facebook, netizens reacted to one complaint about a woman sitting on a swing with a dog on her lap.

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