// Adds dimensions UUID, Author and Topic into GA4
Friday, July 10, 2026
31.1 C
Singapore
type here...
Woman holding a fan of cash.
Photo: Freepik/jcomp(for illustration purposes only)
Personal Finance
4 min.Read

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

Mary Alavanza
By Mary Alavanza

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

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Maybank

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

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Bank of China

    • Interest Rate: 2.80% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 3 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: 2.50 – 2.80% 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 or 12 months

    • Minimum Amount: S$30,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • HSBC

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Feb 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 2.90% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  • ICBC

    • Interest Rate: 2.90% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% 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

  • Citibank

    • Interest Rate: 2.50% p.a. (T&Cs apply)

    • Commitment Period: 3 months

    • Minimum Amount: S$50,000

6-Month commitment period:

  • Maybank

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

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • StashAway Simple Guaranteed

    • Interest Rate: 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.75% 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

  • HSBC

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$200,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • ICBC

    • Interest Rate: 2.55% p.a.(via e-banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.55– 2.60% 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

  • 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: 2.70% p.a. (branch placement)

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000

  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • StashAway Simple Guaranteed

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.70% 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

  • State Bank of India

    • Interest Rate: 2.50% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$50,000

  • ICBC

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

    • Commitment Period: 12 months

    • Minimum Amount: S$500

  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$30,000

  • CIMB

    • Interest Rate: 2.40 – 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$10,000

Feb 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

  • ICBC

    • Interest Rate: 2.90% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 3 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:

  • ICBC

    • Interest Rate: 2.90% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Maybank

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

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 3 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

  • 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: 2.50 – 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months or 12 months

    • Minimum Amount: S$30,000

  • HSBC

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

Deposits $50,000 and above:

  • ICBC

    • Interest Rate: 2.90% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Bank of China

    • Interest Rate: 2.80% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • HSBC

    • Interest Rate: 2.70% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$200,000

  • 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

  • Citibank

    • Interest Rate: 2.50% p.a. (T&Cs apply)

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$50,000

/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)

- Advertisement -
Google News Follow Google News WhatsApp Join us on WhatsApp Telegram Follow us on Telegram

Hot this week

American Football

‘I feel so sad carrying my sleeping 6-month-old to childcare’: Working mum says she’s overwhelmed by the cost of raising a family in Singapore

She appealed on social media, "Please help this overwhelmed mother. How do I quit my job if my partner only earns 3000. I earn 4000 and I am still bf my child. Could we sustain?"
American Football

Men in Singapore share why they’re opting to be childfree: ‘I get to save so much money’

SINGAPORE: Men in Singapore are sharing why they’ve chosen to stay childfree, saying the financial burden, uncertain future and loss of freedom simply aren’t worth it. The conversation started af...

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