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Singapore Fixed Deposit Promotion 2018

Is the low interest given by savings account forcing you to find another place to park your spare cash?

Who offers you the best fixed deposit rates in Singapore 2018?

Searching for the best SGD FD rates is no joke. You need to search through so many websites!

You might end up scratching your head and still don’t know which to choose!

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The fixed deposit rates are definitely becoming more attractive with banks offering more time deposit promotions.

The banks are now willing to offer a higher interest rate to draw more funds.

Most of the banks require you to deposit fresh funds to qualify for the promotion.

Take your time to go through the latest list of FD promotions offered by the banks to find the highest rates that is a good fit for you.

Tip: You can do a quick comparison of the interest rates for a particular tenure by using the sort indicator.

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Singapore Fixed Deposit Promotion August 2018

(Note: Please give a moment for the table to load. You can scroll to the right for more tenure using the scrollbar)

Banks/FI Placement Amount 3-Month 6-Month 7-Month 8-Month 10-Month 12-Month 18-Month 20-Month 24-Month Promo End
POSB/DBS< $250,000 - - 1.65% p.a. - - - - - - 31/08
POSB/DBS $250,000 to $1,000,000 - - 1.75% p.a. - - - - - - 31/08
CIMB(Branch) Minimum $20,000 1.30% p.a. 1.45% p.a. - - - 1.55% p.a. - - - 31/08
CIMB(Online) Minimum $20,000 1.40% p.a. 1.55% p.a. - - - 1.75% p.a. - - - 31/08
UOB $20,000 to < $75,000 - - - - 1.40% p.a. - - - - 31/08
UOB $75,000 to < $1,000,000 - - - - 1.50% p.a. - - - - 31/08
Standard Chartered Minimum $25,000 - - 1.30% p.a. - - 1.40% p.a. - - - 31/08
HSBC(Premier) $30,000 to $1,200,000 - 1.40% p.a. - - - 1.53% p.a. - - - 31/08
HSBC(Advance) $30,000 to $1,200,000 - 1.35% p.a. - - - 1.48% p.a. - - - 31/08
HL Bank Minimum $50,000 - - - - - - 1.75% p.a. - 1.85% p.a. 31/08
SBI Singapore $10,000 to $49,999 - 1.40% p.a. - - - 1.55% p.a. - - 1.65% p.a. 31/08
SBI Singapore $50,000 to $1,000,000 - 1.50% p.a. - - - 1.65% p.a. - - 1.75% p.a. 31/08
ICBC(Branch) Minimum $20,000 - - - - - 1.80% p.a. - - - While it last
ICBC(Online) Minimum $20,000 - - - - - 1.85% p.a. - - - While it last
Hong Leong Finance $30,000 to <$50,000 - 1.10% p.a. - 1.12% p.a. - 1.32% p.a. 1.40% p.a. - - While it last
Hong Leong Finance $50,000 to <$100,000 - 1.15% p.a. - 1.20% p.a. - 1.38% p.a. 1.43% p.a. - - While it last
Hong Leong Finance $100,000 to <$200,000 - 1.20% p.a. - 1.23% p.a. - 1.42% p.a. 1.47% p.a. - - While it last
Hong Leong Finance $200,000 and above - 1.30% p.a. - 1.35% p.a. - 1.45% p.a. 1.50% p.a. - - While it last
Maybank Minimum $30,000 - - - - - 1.75% p.a. - - - While it last
Maybank(iSAVvy) $50,001 to $1,000,000 - - - - - 1.45% p.a. - - - While it last
OCBC Minimum $20,000 - - - - - 1.35% p.a. - - - While it last
Sing Investment & Finance Minimum $50,000 - - - - - 1.60% p.a. - 1.65% p.a. - While it last
Singapura Finance - - - - - - - - - - -
Bank of China - - - - - - - - - - -
Bank of East Asia - - - - - - - - - - -
RHB Minimum $50,000 1.40% p.a. 1.65% p.a. - - - 1.80% p.a. - - - 31/10
Banks/FI Placement Amount 3-Month 6-Month 7-Month 8-Month 10-Month 12-Month 18-Month 20-Month 24-Month Promo End

 

How To Use The Fixed Deposit Table

Best Fixed Deposit Rates 2018

There are 4 main sections in the table.

  1. Banks/FI
  2. Placement Amount
  3. Tenure
  4. Promotion

1. Banks/FI

The banks & financial institutions included are:

  • Bank of China
  • Bank of East Asia
  • CIMB
  • HL Bank
  • Hong Leong Finance
  • HSBC
  • ICBC
  • Maybank
  • OCBC
  • RHB
  • SBI Singapore
  • Sing Investment & Finance
  • Singapura Finance
  • Standard Chartered
  • UOB

Clicking on them brings you directly to the official website.

2. Placement Amount

The minimum deposit required to enjoy the promotional rates.

Usually Fresh Funds needed, not transferred from the banks existing savings/current/fixed deposit accounts.

3. Tenure

The current tenure offered are:

  • 3-Month
  • 6-Month
  • 7-Month
  • 8-Month
  • 10-Month
  • 12-Month
  • 18-Month
  • 20-Month
  • 24-Month

The most common tenure are 6-Month and 12-Month.

You can click on the sorting arrow to sort the interest rates in ascending or descending order.

4. Promotion

Indicates the promotion period. There are 3 types listed.

  • Till DD/MM/YY: Usually is the last day of the current month.
  • While it last: Subject to changes without prior notice.
  • No Promo: Currently not having promotional interest rates.

Table Navigation

highest fd rates

  • If viewing on a mobile device, tilt the device horizontally to better see the table
  • The banks column is fixed to allow for easy viewing
  • Use the horizontal scrollbar to view more tenure period and promotion dates
  • Footer label also allows for easy viewing

I hope this guide helped you to find the highest interest rate for a fixed deposit account in Singapore for 2018. You might be interested in our guide for the highest savings account interest rate.

Remember to visit us again for further updates!

Last updated: Aug 16, 2018 @ 11:39 am

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