As the financial climate remains cautiously optimistic after global economic downgrades in late 2024, safeguarding your wealth has never been more vital. In a world where unpredictability is the only constant, parking your savings in a reliable, low-risk instrument can bring peace of mind—and healthy returns.
For savvy Singaporeans, fixed deposits (FDs), or time deposits as they’re sometimes called, continue to stand out. These structured savings products allow you to lock in your funds—typically between 3 to 12 months—for a predetermined interest rate that’s often more generous than standard savings accounts.
Thinking of parking your funds in an FD this year? We’ve done the legwork. In this guide, you’ll find a detailed comparison of the most attractive fixed deposit offerings in Singapore and discover key tips to help you secure the highest yields.
What’s Inside:
- At-a-Glance: Fixed Deposit Rates in Singapore [July 2025]
- 1-Month, 3-Month, 6-Month, and 12-Month FD Rate Charts
- How FDs Stack Up Against Other Conservative Investments
- Syfe’s Cash+ Guaranteed: The Modern Alternative
- Smart Tips When Picking Your FD
Singapore’s Top Fixed Deposit Rates [2025]
- 1-month leader: Bank of China @ 1.80% p.a. (min. $500)
- 3-month leader: Citigold @ 2.30% p.a. (min. $10,000)
- 6-month leader: RHB Premier Banking @ 2.30% p.a. (min. $20,000)
- 12-month leader: DBS @ 2.45% p.a. (min. $1,000)
- Best FD alternative: Syfe Cash+ Guaranteed @ 1.95% p.a. (3-month, no minimum)
1-Month Fixed Deposit Rates
| Bank | Rate (p.a.) | Minimum Deposit |
|---|---|---|
| Bank of China | 1.80% (online) | $500 |
| ICBC | 1.65% (online) | $500 |
| ICBC (OTC) | 1.65% | $20,000 |
| Citi | 1.60% | $10,000 |
| HSBC | 1.25% (personal) | $30,000 |
| DBS/POSB | 0.30% | $1,000 |
| Others | From 0.05%–0.35% | Varies |
Rates last updated: July 1, 2025
3-Month Fixed Deposit Rates
| Bank | Rate (p.a.) | Minimum Deposit |
|---|---|---|
| Citigold | 2.30% | $10,000 |
| RHB Premier | 2.30% | $20,000 |
| Bank of China | 1.95% (online) | $500 |
| CIMB Preferred | 1.90% | $10,000 |
| SBI | 1.75% | $5,000 |
| DBS/POSB | 1.00% | $1,000 |
| Others | From 0.10%–1.85% | Varies |
Rates last updated: July 1, 2025
6-Month Fixed Deposit Rates
| Bank | Rate (p.a.) | Minimum Deposit |
|---|---|---|
| RHB Premier | 2.30% | $20,000 |
| Citigold | 2.20% | $10,000 |
| DBS/POSB | 2.15% | $1,000 |
| Maybank | 1.90% (OTC) | $20,000 |
| SingFinance | 1.85% (online) | $10,000 |
| HSBC | 1.20% (personal) | $30,000 |
| Others | From 0.05%–1.80% | Varies |
Rates last updated: July 1, 2025
12-Month Fixed Deposit Rates
| Bank | Rate (p.a.) | Minimum Deposit |
|---|---|---|
| DBS/POSB | 2.45% | $1,000 |
| RHB Premier | 2.10% | $20,000 |
| Maybank | 2.05% (OTC) | $20,000 |
| SingFinance (Online) | 1.70% | $10,000 |
| OCBC (Online) | 1.65% | $30,000 |
| BEA | 0.50% | $1,000–$499,999 |
| Others | From 0.05%–1.60% | Varies |
Rates last updated: July 1, 2025
Fixed Deposits vs Other Low-Risk Options
Fixed Deposits vs SSB (Singapore Savings Bonds)
- Returns (Jul 2025):
- 1-year average: 2.06%
- 10-year average: 2.49%
- Flexibility:
- SSB allows penalty-free withdrawals anytime.
- FDs impose early withdrawal charges.
| Option | Tenor | Rate (p.a.) | Min. Deposit |
|---|---|---|---|
| FD (BOC) | 1 month | 1.80% | $500 |
| FD (Citigold) | 3 months | 2.30% | $10,000 |
| SSB | 10 years | 2.49% (avg) | $500 |
Fixed Deposits vs Cash Management Accounts
Syfe Cash+ Guaranteed stands tall with:
- Competitive returns (up to 1.95% p.a.)
- No fees or minimum balance
- Tenures from 1 to 12 months
| Product | Tenor | Rate (p.a.) | Min. Deposit |
|---|---|---|---|
| FD (DBS) | 12 months | 2.45% | $1,000 |
| Cash+ Guaranteed | 3 months | 1.95% | $0 |
Fixed Deposits vs High Yield Savings Accounts (HYSA)
While traditional HYSAs offer lower base interest, savvy users can unlock higher rates via bonus interest schemes by fulfilling requirements like spending or investing with the bank.
Fixed Deposits vs Treasury Bills (T-Bills)
- Tenure: 6 months to 1 year
- Returns (latest issues):
- 6-month T-Bill: 2.00%
- 12-month T-Bill: 2.29%
- Liquidity: High—can be sold in secondary markets.
SGD vs USD Fixed Deposits
Foreign currency FDs (e.g., USD) may tempt with attractive rates but come with currency risk. A strengthening SGD during the term could erode your returns when converting back to local currency.
What to Weigh When Picking a Fixed Deposit
- Tenure & Liquidity Needs
Match the duration to when you’ll need access to your funds. - Interest Rates & Promos
Banks often run time-sensitive promos. Stay alert. - Minimum Deposit Requirements
Top rates may require hefty deposits—ensure you’re eligible. - Early Withdrawal Penalties
Some banks waive part of the interest; others might charge a fee. - Inflation Impact
Real returns matter. Ensure your interest outpaces inflation.
Syfe Cash+ Guaranteed: The Smarter Way to Save
Skip the hassle of bank shopping. Syfe Cash+ Guaranteed does the legwork—allocating your cash into fixed deposits with MAS-regulated institutions offering stellar rates.
Why Choose Cash+ Guaranteed Over Traditional FDs?
- Flexible Tenures – Choose from 1 to 12 months
- No Minimums – Start saving from dollar one
- No Hidden Fees – 100% transparency, always
- Streamlined Interface – Manage savings with ease
- Ideal for All Goals – Short or long-term, you’re covered
If you’re looking for simplicity, strong yields, and flexibility all rolled into one, Cash+ Guaranteed may be your financial match for 2025.
Contents
- 1 What’s Inside:
- 2 Singapore’s Top Fixed Deposit Rates [2025]
- 3 1-Month Fixed Deposit Rates
- 4 3-Month Fixed Deposit Rates
- 5 6-Month Fixed Deposit Rates
- 6 12-Month Fixed Deposit Rates
- 7 Fixed Deposits vs Other Low-Risk Options
- 8 What to Weigh When Picking a Fixed Deposit
- 9 Syfe Cash+ Guaranteed: The Smarter Way to Save
- 10 Why Choose Cash+ Guaranteed Over Traditional FDs?