Best Fixed Deposit Rates June 2025

FD rates continue their downward trend to below 2%

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

BANKS	INTEREST (PA)	TENURE	MIN DEPO
BANK OF CHINA	2.2% (Online)	6 mths	$20,000
CIMB	2.2% (Online)	3 mths	$10,000
CITIBANK	2.1 %	3 mths	$50,000
DBS/POSB	2.45%	12 mths	$1,000
HL BANK	0.4%	12 mths	NA
HONG LEONG FINANCE	2%	7 mths	$5,000
HSBC	2%	1 mths	$100,000
ICBC	2.2%	3 mths	$200,0000
MAYBANK	1.8%	6 mths	$20,000
OCBC	1.9% (online)	9 mths	$30,000
RHB	2.1%  (Premier Banking)	3 mths	$30,000
SINGAPURA FINANCE	NA	NA	NA
SCB	1.9%  (Priority Private)	5 mths	$25,000
UOB	2%	6 mths	$10,000

*Click on the individual banks for the latest rates

Rates are as of 1 Dec 2023. Please refer to the respective banks for the latest rates

Bank of China

BOC has changed FD to tiered pricing. The best rate for BOC  is at 2.2% for 6 months for a minimum $20,000 via Mobile Banking. 

See the latest rates here.

CIMB

CIMB's best FD rate has reduced to .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

Based on HL Bank website, only board rates are offered

See the latest rates here

Hong Leong Finance

Hong Leong Finance's best FD rate is at 2% for 7 months.

See the latest rates here.

HSBC

HSBC offers different tiers of rates depending on the customer segment. The highest is at 2% for Premier and Premier Elite for 1 months of FD

See the latest rates here.e

ICBC

ICBC best rate is at 2.2% for 3 months for 200K and above via e-banking

See the latest rates here

Maybank

Maybank's best FD is at 1.8% for 6 months. This is for online placement with a minimum of $20K

See the latest rates here.e

OCBC

OCBC FD rate is 1.9% for 30K for 9 m

See the latest rates here.

RHB

RHB's best rate is 2.1% for 3 months. The minimum placement is $20K for Premier Banking.

See the latest rates here.

Standard Chartered Bank

SCB offers a tiered rate promotion. The highest is 1.9% for 5 months for Priority Private.

See the latest rates here.

UOB

UOB FD best rate is at 2% 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 May 2025