Get up to 2.90% interest with the best-fixed deposit rates in Singapore for March 2025

SINGAPORE: Singapore banks are offering fixed deposit rates of up to 2.90% this March, giving savers a chance to grow their money with a minimum deposit starting at S$500. Here are some of the best options available!

March 2025 Highest Fixed Deposit Rates

• Maybank

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

  • Commitment Period: 6 months

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  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.85% p.a.

  • Commitment Period: 6 months

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  • Minimum Amount: S$50,000

•  Syfe Cash+ Guaranteed

  • Interest Rate: 2.75% p.a.

  • Commitment Period: 3 months

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  • Minimum Amount: No minimum

•  StashAway Simple Guaranteed

  • Interest Rate: 2.75% p.a.

  • Commitment Period: 1 month

  • Minimum Amount: No minimum

• Bank of China

  • Interest Rate: 2.75% p.a. (via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.70 – 2.80% p.a.

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$20,000

• ICBC

  • Interest Rate: 2.65% p.a. (via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Hong Leong Finance

  • Interest Rate: 2.65% p.a. (online fixed deposit special)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.55% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$200,000

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• CIMB

  • Interest Rate: 2.40 – 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• UOB

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• Citibank

  • Interest Rate: 2.40% p.a. (T&Cs apply)

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$50,000

• OCBC

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

  • Commitment Period: 9 months

  • Minimum Amount: S$30,000

• Standard Chartered

  • Interest Rate: 2.20 – 2.30% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$25,000

March 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

•  Syfe Cash+ Guaranteed

  • Interest Rate: 2.75% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

• Bank of China

  • Interest Rate: 2.75% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.70 – 2.80% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$20,000

•  StashAway Simple Guaranteed

  • Interest Rate: 2.70% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

• ICBC

  • Interest Rate: 2.65% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• CIMB

  • Interest Rate: 2.40 – 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Citibank

  • Interest Rate: 2.40% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$50,000

• HSBC

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$200,000

6-Month commitment period:

• Maybank

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

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.85% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• RHB

  • Interest Rate: 2.70 – 2.80% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.70% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• Hong Leong Finance

  • Interest Rate: 2.65% p.a. (online fixed deposit special)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• StashAway Simple Guaranteed

  • Interest Rate: 2.60% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• Bank of China

  • Interest Rate: 2.60% p.a.(via mobile banking)

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• HSBC

  • Interest Rate: 2.55% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$200,000

• ICBC

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

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• UOB

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

• Citibank

  • Interest Rate: 2.40% p.a. (T&Cs apply)

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• CIMB

  • Interest Rate: 2.25– 2.30% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

12-Month commitment period:

• State Bank of India

  • Interest Rate: 2.75% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$50,000

• Maybank

  • Interest Rate: 2.70% p.a. (branch placement)

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• Bank of China

  • Interest Rate: 2.65% p.a.(via mobile banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.60 – 2.70% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• StashAway Simple Guaranteed

  • Interest Rate: 2.55% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• Hong Leong Finance

  • Interest Rate: 2.55% p.a. (online fixed deposit special)

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$200,000

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.30% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• ICBC

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

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• OCBC

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

  • Commitment Period: 12 months

  • Minimum Amount: S$30,000

• CIMB

  • Interest Rate: 2.10 – 2.15% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$10,000

March 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

• Bank of China

  • Interest Rate: 2.75% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

  • Interest Rate: 2.65% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• 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

• CIMB

  • Interest Rate: 2.40 – 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• UOB

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$10,000

Deposits $20,000–$49,999:

• Maybank

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

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Bank of China

  • Interest Rate: 2.75% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.70 – 2.80% p.a.

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$20,000

• ICBC

  • Interest Rate: 2.65% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Hong Leong Finance

  • Interest Rate: 2.65% p.a. (online fixed deposit special)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• CIMB

  • Interest Rate: 2.40 – 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• OCBC

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

  • Commitment Period: 9 months

  • Minimum Amount: S$30,000

• HSBC

  • Interest Rate: 2.25% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$30,000

• Standard Chartered

  • Interest Rate: 2.20 – 2.30% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$25,000

Deposits $50,000 and above:

• State Bank of India

  • Interest Rate: 2.85% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• Bank of China

  • Interest Rate: 2.75% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.70 – 2.80% p.a.

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$20,000

• ICBC

  • Interest Rate: 2.65% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• Hong Leong Finance

  • Interest Rate: 2.65% p.a. (online fixed deposit special)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.55% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$200,000

• CIMB

  • Interest Rate: 2.40 – 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Citibank

  • Interest Rate: 2.40% p.a. (T&Cs apply)

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$50,000

/TISG

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

Featured image by Freepik (for illustration purposes only)

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