SINGAPORE: Amid this year’s market volatility, largely brought by trade wars, fixed deposits offer a steady way to grow your savings—start from just S$500 and earn up to 2.90% interest, all while keeping your money safe.

April 2025 Highest Fixed Deposit Rates

Maybank
- Interest Rate: 2.90% p.a. (branch placement)
- Commitment Period: 6 months
- Minimum Amount: S$20,000
Bank of China
- Interest Rate: 2.50% p.a. (via mobile banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
State Bank of India
- Interest Rate: 2.50% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$50,000
Syfe Cash+ Guaranteed
- Interest Rate: 2.45% p.a.
- Commitment Period: 3 months
- Minimum Amount: No minimum
StashAway Simple Guaranteed
- Interest Rate: 2.45% p.a.
- Commitment Period: 1 month
- Minimum Amount: No minimum
DBS
- Interest Rate: 2.45% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$1,000
ICBC
- Interest Rate: 2.45% p.a. (via e-banking)
- Commitment Period: 3 months
- Minimum Amount: S$200,000
CIMB
- Interest Rate: 2.30 – 2.35% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$10,000
Hong Leong Finance
- Interest Rate: 2.30% p.a. (online fixed deposit special)
- Commitment Period: 9 months or 10 months
- Minimum Amount: S$20,000
RHB
- Interest Rate: 2.20 – 2.30% p.a.
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$20,000
Citibank
- Interest Rate: 2.20% p.a. (T&Cs apply)
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$50,000
OCBC
- Interest Rate: 2.15% p.a. (internet banking)
- Commitment Period: 9 months
- Minimum Amount: S$30,000
Standard Chartered
- Interest Rate: 2.10 – 2.20% p.a.
- Commitment Period: 5 months
- Minimum Amount: S$25,000
UOB
- Interest Rate: 2.10% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$10,000
HSBC
- Interest Rate: 1.90% p.a. (personal banking customers)
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$30,000

April 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

Bank of China
- Interest Rate: 2.50% p.a.(via mobile banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
Syfe Cash+ Guaranteed
- Interest Rate: 2.45% p.a.
- Commitment Period: 3 months
- Minimum Amount: No minimum
StashAway Simple Guaranteed
- Interest Rate: 2.40% p.a.
- Commitment Period: 3 months
- Minimum Amount: No minimum
ICBC
- Interest Rate: 2.40% p.a.(via e-banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
CIMB
- Interest Rate: 2.30 – 2.35% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$10,000
RHB
- Interest Rate: 2.20 – 2.30% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$20,000
Citibank
- Interest Rate: 2.20% p.a. (T&Cs apply)
- Commitment Period: 3 months
- Minimum Amount: S$50,000
HSBC
- Interest Rate: 1.90% p.a. (personal banking customers)
- Commitment Period: 3 months
- Minimum Amount: S$30,000

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: 2.50% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$50,000
Bank of China
- Interest Rate: 2.45% p.a.(via mobile banking)
- Commitment Period: 6 months
- Minimum Amount: S$500
Syfe Cash+ Guaranteed
- Interest Rate: 2.40% p.a.
- Commitment Period: 6 months
- Minimum Amount: No minimum
StashAway Simple Guaranteed
- Interest Rate: 2.30% p.a.
- Commitment Period: 6 months
- Minimum Amount: No minimum
ICBC
- Interest Rate: 2.30% p.a.(via e-banking)
- Commitment Period: 6 months
- Minimum Amount: S$500
RHB
- Interest Rate: 2.20 – 2.30% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$20,000
Citibank
- Interest Rate: 2.20% p.a. (T&Cs apply)
- Commitment Period: 6 months
- Minimum Amount: S$50,000
CIMB
- Interest Rate: 2.15– 2.20% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$10,000
UOB
- Interest Rate: 2.10% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$10,000
HSBC
- Interest Rate: 1.90% p.a. (personal banking customers)
- 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
DBS
- Interest Rate: 2.45% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$1,000
State Bank of India
- Interest Rate: 2.40% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$50,000
Bank of China
- Interest Rate: 2.40% p.a.(via mobile banking)
- Commitment Period: 12 months
- Minimum Amount: S$500
ICBC
- Interest Rate: 2.25% p.a.(via e-banking)
- Commitment Period: 12 months
- Minimum Amount: S$500
StashAway Simple Guaranteed
- Interest Rate: 2.20% p.a.
- Commitment Period: 12 months
- Minimum Amount: No minimum
RHB
- Interest Rate: 2.10 – 2.20% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$20,000
OCBC
- Interest Rate: 2.10% p.a. (internet banking)
- Commitment Period: 12 months
- Minimum Amount: S$30,000
Syfe Cash+ Guaranteed
- Interest Rate: 2.05% p.a.
- Commitment Period: 12 months
- Minimum Amount: No minimum
CIMB
- Interest Rate: 2.00 – 2.05% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$10,000
HSBC
- Interest Rate: 1.80% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$30,000

April 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

Bank of China
- Interest Rate: 2.50% p.a.(via mobile banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
DBS
- Interest Rate: 2.45% p.a.
- Commitment Period: 12 months
- Minimum Amount: S$1,000
ICBC
- Interest Rate: 2.40% p.a.(via e-banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
CIMB
- Interest Rate: 2.30 – 2.35% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$10,000
Hong Leong Finance
- Interest Rate: 2.25% p.a. (online fixed deposit special)
- Commitment Period: 9 months or 10 months
- Minimum Amount: S$5,000
UOB
- Interest Rate: 2.10% 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: 2.50% p.a.(via mobile banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
ICBC
- Interest Rate: 2.40% p.a.(via e-banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
CIMB
- Interest Rate: 2.30 – 2.35% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$10,000
Hong Leong Finance
- Interest Rate: 2.30% p.a. (online fixed deposit special)
- Commitment Period: 9 months or 10 months
- Minimum Amount: S$20,000
HSBC
- Interest Rate: 2.30% p.a. (Premier and Premier Elite customers with investment holdings)
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$30,000
RHB
- Interest Rate: 2.20 – 2.30% p.a.
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$20,000
OCBC
- Interest Rate: 2.15% p.a. (internet banking)
- Commitment Period: 9 months
- Minimum Amount: S$30,000
Standard Chartered
- Interest Rate: 2.10 – 2.20% p.a.
- Commitment Period: 5 months
- Minimum Amount: S$25,000

Deposits $50,000 and above:

Bank of China
- Interest Rate: 2.50% p.a.(via mobile banking)
- Commitment Period: 3 months
- Minimum Amount: S$500
State Bank of India
- Interest Rate: 2.50% p.a.
- Commitment Period: 6 months
- Minimum Amount: S$50,000
ICBC
- Interest Rate: 2.45% p.a.(via e-banking)
- Commitment Period: 3 months
- Minimum Amount: S$200,000
CIMB
- Interest Rate: 2.30 – 2.35% p.a.
- Commitment Period: 3 months
- Minimum Amount: S$10,000
Hong Leong Finance
- Interest Rate: 2.30% p.a. (online fixed deposit special)
- Commitment Period: 9 months or 10 months
- Minimum Amount: S$20,000
HSBC
- Interest Rate: 2.30% p.a. (Premier and Premier Elite customers with investment holdings)
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$30,000
RHB
- Interest Rate: 2.20 – 2.30% p.a.
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$20,000
Citibank
- Interest Rate: 2.20% p.a. (T&Cs apply)
- Commitment Period: 3 months or 6 months
- Minimum Amount: S$50,000

/TISG

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)

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