Fixed deposits, also known as time deposits, aren’t just for the ultra-conservative savers anymore. With minimum deposit amounts starting as low as $500, they’re now a flexible way for everyday Singaporeans to grow their money with guaranteed returns. While rates have cooled from previous highs, there are still several banks and digital platforms offering attractive promotions worth considering in September 2026.

Here’s a detailed look at the best fixed deposit rates available in Singapore right now, including options from DBS, UOB, OCBC, ICBC, CIMB, Maybank, and more.

Overall Best Fixed Deposit Rates (Sep 2026) If you’re simply looking for the highest fixed deposit rates regardless of deposit size or commitment period, these are the top picks this month:

• DBS: 1.60% p.a. (min. $1,000, tenure 8–60 months)

• Syfe Cash+ Guaranteed: 1.50% p.a. (3 months, no minimum amount)

• ICBC: 1.45% p.a. (from $500, 1–6 months via e-banking)

• StashAway Simple Guaranteed: 1.45% p.a. (1 month, no minimum amount)

• Bank of China: 1.45% p.a. (from $500, 1–5 months)

• CIMB: 1.40% p.a. (min. $10,000, 3 or 6 months)

• RHB: 1.40% p.a. (min. $20,000, 3 months)

• Maybank: 1.35% p.a. (min. $20,000, 6 months)

• UOB: 1.35% p.a. (min. $10,000, 6 months)

• HSBC: 1.00% p.a. (min. $30,000, 1 month for standard customers, up to 1.45% for Premier with wealth holdings)

Best Fixed Deposit Rates by Commitment Period

• 3 months: ICBC and Bank of China lead at 1.45% p.a. for deposits from $500. Syfe also offers 1.50% with no minimum.

• 6 months: CIMB and RHB both stand at 1.40% p.a., though with higher minimums of $10,000 and $20,000 respectively.

• 12 months: Most banks hover around 1.15%–1.30%, but DBS offers a longer-term option up to 60 months with 1.60% p.a.

Best Fixed Deposit Rates by Minimum Deposit

• $500 and under: ICBC ($500, 1.45% p.a.), Bank of China ($500, 1.45% p.a.), Syfe and StashAway (no minimums, up to 1.50% p.a.).

• $10,000–$50,000: CIMB ($10,000, 1.40% p.a.), UOB ($10,000, 1.35% p.a.), Citibank ($10,000, 1.25% p.a.).

• $50,000 and above: Maybank and RHB require $20,000+ for mid-level rates, while HSBC demands $30,000 for 1.00%–1.45% p.a.

Fixed Deposits vs Savings Accounts and Alternatives Fixed deposits usually offer higher rates than regular savings accounts, but the trade-off is reduced flexibility. Unlike savings accounts, funds in fixed deposits are locked for the agreed term. That said, some banks like ICBC allow early withdrawals without penalties, giving more flexibility.

When compared with Singapore Savings Bonds (SSBs) or Treasury Bills (T-bills), fixed deposits may offer slightly lower returns, but they remain a safe, straightforward option for those who prefer guaranteed interest with simple requirements.

Key Takeaway Fixed deposits in Singapore remain a low-risk, accessible way to grow your money, especially with banks and digital platforms competing to attract savers. Whether you’ve got just $500 or a larger sum to commit, there’s likely a fixed deposit option in September 2026 that fits your financial goals.