Best Fixed Deposit Rates : July 2025

FD rates are still trending downwards, with most banks offering less than 2%

There are the best interest rates for fixed deposits for banks in Singapore for July 2025

BANKS	INTEREST (PA)	TENURE	MIN DEPO
BANK OF CHINA	1.95% (Online)	3 mths	$20,000
CIMB	2% (Online)	3 mths	$10,000
CITIBANK	2.1 %	3 mths	$50,000
DBS/POSB	2.45%	12 mths	$1,000
HL BANK	2.15%	3/6 mths	$100,000
HONG LEONG FINANCE	1.78%	13 mths	$20,000
HSBC	1.7%	1 mths	$100,000
ICBC	1.85%	3 mths	$200,0000
MAYBANK	1.7%	9 mths	$20,000
OCBC	1.7% (online)	9 mths	$30,000
RHB	1.9%  (Premier Banking)	3 mths	$30,000
SCB	1.7%  (Priority Private)	5 mths	$25,000
UOB	1.75%	6 mths	$10,000

Bank of China

BOC has lowered rates with the best rate at 1.95% for 3 months.

See the latest rates here.

CIMB

CIMB's best FD rate is at 2% for 3 months. 

See the latest rates here.

Citibank

Citibank's FD rate is at 2.1% for 3 months.

See the latest rates here

DBS / POSB

DBS/POSB is at 2.45% for 1 year. As a result, it is now the bank with the highest FD rates. Do note the cap of $19,999 to qualify for these rates.

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

See the latest rates here

HL Bank

HL has a promo for 3 and 6 months at 2.15%

See the latest rates here

Hong Leong Finance

Hong Leong Finance's best FD rate is at 1.78% for 13 months.

See the latest rates here.

HSBC

HSBC offers different tiers of rates depending on the customer segment. The highest is at 1.7% for Premier and Premier Elite for 1 months of FD

See the latest rates here

ICBC

ICBC best rate is at 1.85% for 3 months for 200K and above via e-banking

See the latest rates here

Maybank

Maybank's best FD is at 1.7% for 9 months. This is for online placement with a minimum of $20K

See the latest rates here

OCBC

OCBC FD rate is 1.7% for 30K for 9 m

See the latest rates here.

RHB

RHB's best rate is 1.9% for 3 months. The minimum placement is $20K for Premier Banking. It is one of the highest in town.

See the latest rates here.

Standard Chartered Bank

SCB offers a tiered rate promotion. The highest is 1.7% for 5 months for Priority Private.

See the latest rates here.

UOB

UOB FD best rate is at 1.85% for 6 months

See the latest rates here

Disclaimer
The information provided by TWD is for information purposes only and is not meant to be investment advice. Readers must do their due diligence and consult financial advisors for their investment needs. The information is correct as of 1 July 2025