Best Fixed Deposit Rates : August 2023 - - Singapore Lifestyle Portal

Best Fixed Deposit Rates : August 2023


Singapore FD rates in August edge slightly higher for some banks in August 2023.

 These are the best interest rates for fixed deposits in Singapore in August 2023.

Bank of China

The best rate for BOC is 3.5% for 3 months.


CIMB used to have one of the highest FD rates in town. Now it has one of the lowest at 3.4% for 9 months.

See the latest rates here


Citibank FD raes have fallen to 3.2% for 3 months.


DBS/POSB best rate is 3.2% for 12 months. The minimum amount is $1000.

According to their website, DBS/POSB will accept new placements for tenors 12 months and below.

HL Bank

HL Bank has reduced the FD rates to 3.5% for 3 and 6 months. Minimum placement is at SGD 100,000

Hong Leong Finance

Hong Leong Finance offers the highest rate at 3.05% for $50K for 9 months.


HSBC offered periods of 3 and 12 months FD rates. The best rates will be for 3 months at 3.3% for new customers. The minimum amount for this promo rate is $30,000.


ICBC offers 3.3% for 3 months via e-banking for deposits as low as $500. For OTC, the minimum would be at $20,000 with 3.25% for 3 months.


The best interest rate for Maybank is 3% for 12 months. The minimum placement is $20,000.


OCBC FD has only 1 tenure on promo. The rate is 2.7% for 6 months via Internet Banking.


RHB's best rate is at 3.45% for 6 months for Premier Banking online for 6 months.

Standard Chartered Bank

SCB offers 6 months FD rate of 3.4% for Priority Private Banking rate. The minimum amount is $25,000


The promo rate for UOB FD is at  2.7% for a 6 or 10 months tenure for $10,000. It is now one of the lowest in town.

The information provided by TWD serves is for information purposes. It is not meant to be personalised investment advice. Readers must do their due diligence and refer to financial advisors for their investment needs. The information is correct as of 31st July 2023. Do refer to the individual banks for the latest updates.


No comments

Powered by Blogger.