SINGAPORE: This heart month, why not fall for something that gives back—like a solid fixed deposit? With just S$500, you can start growing your savings at rates of up to 2.90% p.a. No heartbreaks, no surprises—just steady returns. Now, that’s a commitment worth making!
Here are the banks offering the best-fixed deposit returns right now:
Feb 2025 Highest Fixed Deposit Rates
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Syfe Cash+ Guaranteed
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Interest Rate: 2.90% p.a.
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Commitment Period: 3 months
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Minimum Amount: No minimum
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StashAway Simple Guaranteed
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Interest Rate: 2.90% p.a.
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Commitment Period: 1 month or 3 months
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Minimum Amount: No minimum
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ICBC
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Interest Rate: 2.90% p.a. (via e-banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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Maybank
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Interest Rate: 2.90% p.a. (branch placement)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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Bank of China
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Interest Rate: 2.80% p.a. (via mobile banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.70 – 2.75% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$10,000
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Hong Leong Finance
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Interest Rate: 2.65% p.a. (online fixed deposit special)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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State Bank of India
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Interest Rate: 2.65% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$50,000
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 3 months or 6 months or 12 months
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Minimum Amount: S$20,000
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Standard Chartered
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Interest Rate: 2.50 – 2.80% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$25,000
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DBS
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Interest Rate: 2.45% p.a.
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Commitment Period: 12 months
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Minimum Amount: S$1,000
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OCBC
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Interest Rate: 2.45% p.a. (internet banking)
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Commitment Period: 6 months or 12 months
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Minimum Amount: S$30,000
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UOB
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Interest Rate: 2.40% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$10,000
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HSBC
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Interest Rate: 2.40% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$30,000
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Feb 2025 Best fixed deposit rates by commitment period
3-Month commitment period:
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Syfe Cash+ Guaranteed
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Interest Rate: 2.90% p.a.
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Commitment Period: 3 months
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Minimum Amount: No minimum
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StashAway Simple Guaranteed
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Interest Rate: 2.90% p.a.
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Commitment Period: 3 months
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Minimum Amount: No minimum
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ICBC
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Interest Rate: 2.90% p.a.(via e-banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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Bank of China
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Interest Rate: 2.80% p.a.(via mobile banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.70 – 2.75% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$10,000
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$20,000
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Citibank
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Interest Rate: 2.50% p.a. (T&Cs apply)
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Commitment Period: 3 months
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Minimum Amount: S$50,000
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6-Month commitment period:
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Maybank
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Interest Rate: 2.90% p.a. (branch placement)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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StashAway Simple Guaranteed
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Interest Rate: 2.80% p.a.
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Commitment Period: 6 months
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Minimum Amount: No minimum
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Syfe Cash+ Guaranteed
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Interest Rate: 2.75% p.a.
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Commitment Period: 6 months
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Minimum Amount: No minimum
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Bank of China
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Interest Rate: 2.75% p.a.(via mobile banking)
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Commitment Period: 6 months
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Minimum Amount: S$500
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HSBC
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Interest Rate: 2.70% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$200,000
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State Bank of India
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Interest Rate: 2.65% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$50,000
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ICBC
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Interest Rate: 2.55% p.a.(via e-banking)
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Commitment Period: 6 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.55– 2.60% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$10,000
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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OCBC
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Interest Rate: 2.45% p.a. (internet banking)
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Commitment Period: 6 months
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Minimum Amount: S$30,000
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12-Month commitment period:
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Maybank
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Interest Rate: 2.70% p.a. (branch placement)
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Commitment Period: 12 months
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Minimum Amount: S$20,000
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Syfe Cash+ Guaranteed
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Interest Rate: 2.70% p.a.
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Commitment Period: 12 months
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Minimum Amount: No minimum
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StashAway Simple Guaranteed
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Interest Rate: 2.70% p.a.
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Commitment Period: 12 months
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Minimum Amount: No minimum
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Bank of China
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Interest Rate: 2.70% p.a.(via mobile banking)
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Commitment Period: 12 months
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Minimum Amount: S$500
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 12 months
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Minimum Amount: S$20,000
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State Bank of India
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Interest Rate: 2.50% p.a.
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Commitment Period: 12 months
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Minimum Amount: S$50,000
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ICBC
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Interest Rate: 2.45% p.a.(via e-banking)
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Commitment Period: 12 months
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Minimum Amount: S$500
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OCBC
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Interest Rate: 2.45% p.a. (internet banking)
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Commitment Period: 12 months
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Minimum Amount: S$30,000
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CIMB
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Interest Rate: 2.40 – 2.45% p.a.
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Commitment Period: 12 months
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Minimum Amount: S$10,000
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Feb 2025 Best fixed deposit rates by minimum deposit
Deposits $10,000 and under:
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ICBC
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Interest Rate: 2.90% p.a.(via e-banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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Bank of China
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Interest Rate: 2.80% p.a.(via mobile banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.70 – 2.75% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$10,000
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Hong Leong Finance
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Interest Rate: 2.60% p.a. (online fixed deposit special)
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Commitment Period: 6 months
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Minimum Amount: S$5,000
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DBS
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Interest Rate: 2.45% p.a.
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Commitment Period: 12 months
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Minimum Amount: S$1,000
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UOB
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Interest Rate: 2.40% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$10,000
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Deposits $20,000–$49,999:
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ICBC
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Interest Rate: 2.90% p.a.(via e-banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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Maybank
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Interest Rate: 2.90% p.a. (branch placement)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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Bank of China
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Interest Rate: 2.80% p.a.(via mobile banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.70 – 2.75% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$10,000
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Hong Leong Finance
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Interest Rate: 2.65% p.a. (online fixed deposit special)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 3 months or 6 months or 12 months
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Minimum Amount: S$20,000
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Standard Chartered
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Interest Rate: 2.50 – 2.80% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$25,000
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OCBC
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Interest Rate: 2.45% p.a. (internet banking)
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Commitment Period: 6 months or 12 months
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Minimum Amount: S$30,000
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HSBC
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Interest Rate: 2.40% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$30,000
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Deposits $50,000 and above:
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ICBC
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Interest Rate: 2.90% p.a.(via e-banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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Bank of China
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Interest Rate: 2.80% p.a.(via mobile banking)
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Commitment Period: 3 months
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Minimum Amount: S$500
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CIMB
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Interest Rate: 2.70 – 2.75% p.a.
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Commitment Period: 3 months
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Minimum Amount: S$10,000
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HSBC
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Interest Rate: 2.70% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$200,000
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State Bank of India
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Interest Rate: 2.65% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$50,000
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Hong Leong Finance
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Interest Rate: 2.60% p.a.
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Commitment Period: 6 months
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Minimum Amount: S$50,000
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RHB
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Interest Rate: 2.58 – 2.68% p.a.
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Commitment Period: 3 months or 6 months or 12 months
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Minimum Amount: S$20,000
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Citibank
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Interest Rate: 2.50% p.a. (T&Cs apply)
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Commitment Period: 3 months or 6 months
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Minimum Amount: S$50,000
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/TISG
Read also: Earn up to 3.05% interest! — Best fixed deposit rates in Singapore this Jan 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)