Re-checked on 12 October 2026 against every provider's own site, and seven of the eleven have raised rates since our 24 September check. RHB now pays 2.10% p.a. at 12 months and 2.00% at 6 months from S$20,000 (2.20% and 2.10% for Premier), with no fresh-funds rule. Singapura Finance's online Vivid Fixed Deposit pays 2.08% at 12, 18 and 24 months from S$10,000, and its counter board 1.98%. HL Bank holds at 2.05% at 6 and 12 months from S$10,000 online, CIMB at 1.95% to 31 October and Maybank at 1.85%. Bank of China added a S$20,000 tier at 1.95%, Hong Leong Finance launched a 1.90% eight-month special, ICBC and OCBC moved up, and GXS added a 2.00% 18-month Boost Pocket with no minimum.
RHB reset the top of Singapore's fixed deposit table on 9 October 2026, and six other providers here raised rates in the fortnight before it.
> Quick view: RHB 2.10% p.a. at 12 months from S$20,000, no fresh-funds rule. Then Singapura Finance 2.08% online from S$10,000 and HL Bank 2.05% at 6 or 12 months. No minimum: GXS 1.75% (2.00% at 18 months). Floor: OCBC 1.65%.
RHB went from the middle of this guide to the top on 9 October 2026.THE RATES: Personal Banking customers now get 2.10% p.a. at 12 months, 2.00% at 6 months and 1.60% at 3 months, up from 1.70%, 1.70% and 1.30% when we checked on 24 September. Premier Banking adds 0.10 points on every tenor, so 2.20% at 12 months and 2.10% at 6; Premier needs a total relationship balance of S$200,000. The minimum is S$20,000 on every tenor, at any RHB branch or in the RHB Mobile SG app. New-to-bank customers who want to use the app open an RHB current or savings account in the app first and transfer funds across.WHY IT STANDS OUT: there is no fresh-funds requirement, so money already at RHB qualifies, and eligible auto-renewals get the prevailing promotional rate automatically instead of dropping to the board rate. RHB charges no premature penalty fee on an SGD fixed deposit, though you should expect to lose the interest.FINE PRINT: the bank says the rates can change without prior notice and publishes no end date.BEST FOR: anyone with S$20,000 or more who wants the best clean 12-month rate on this page, including money already at RHB. On S$50,000 for a year it pays S$225 more than OCBC.
Branch or RHB Mobile SG app, min. S$20,000 on every tenor, from 9 October 2026. Personal Banking: 2.10% p.a. (12 months, up from 1.70%) · 2.00% p.a. (6 months, up from 1.70%) · 1.60% p.a. (3 months, up from 1.30%). Premier Banking adds 0.10pp: 2.20% p.a. at 12 months, 2.10% at 6, 1.70% at 3, and requires a total relationship balance of S$200,000 · no fresh-funds requirement, and eligible auto-renewals get the prevailing promotional rate automatically · new-to-bank app users must first open an RHB current or savings account in the app · no premature penalty fee on SGD fixed deposits · subject to change without notice, no end date published
Singapura Finance reissued both of its boards on 29 September 2026, and the online one is now the second-best 12-month rate in this guide.ONLINE VIVID: the Vivid Fixed Deposit pays 2.08% p.a. at 12, 18 and 24 months, up from 1.76%, from S$10,000 (down from S$20,000) to a maximum of S$100,000. It is for Singapore citizens and PRs aged 16 and over with an active Vivid Savings Account and Singpass; you place from that savings account, and the page states no fresh-funds rule. Vivid has no online withdrawal, a deliberate scam-protection feature.COUNTER BOARD: the Counter Fixed Deposit Promotion pays 1.98% p.a. at 12, 18 and 24 months and 1.75% at 6 months on S$20,000 and above. Its terms are stricter: fresh funds only, retail customers only, and you need an existing Singapura Finance savings account or a new one opened with S$200.WHY IT STANDS OUT: a flat 2.08% out to 24 months is the best 18-month rate on this page and one of the few ways to lock a rate near the top for two years. No interest at all is paid if you break the deposit. The Mid-Autumn 1.81% branch extra ended on 26 September. Deposits are insured up to S$100,000 by SDIC.BEST FOR: S$10,000 to S$100,000 you are sure you will not need for at least a year, especially if you want to lock today's rate for 18 or 24 months.
Online Vivid Fixed Deposit, effective 29 September 2026, min. S$10,000 (was S$20,000), max. S$100,000: 2.08% p.a. (12, 18 and 24 months, up from 1.76%) · Singapore citizens and PRs aged 16+, active Vivid Savings Account and Singpass needed, no online withdrawal · Counter Fixed Deposit Promotion, effective 29 September 2026, min. S$20,000: 1.98% p.a. (12, 18 and 24 months) · 1.75% p.a. (6 months) · counter terms: fresh funds and retail customers only, existing savings account or a new one opened with S$200 · no interest at all on premature withdrawal · rates can change without notice, no end date published
HL Bank did not move between 24 September and 12 October 2026, and it is still the best rate here at 6 months.THE RATES: its promotion, effective 24 September, pays 2.05% p.a. at both 6 and 12 months, 1.88% at 18 months and 2.10% at 24 months. Placed online through HLB Connect internet or mobile banking, the minimum is S$10,000; at a branch the same rates need S$100,000.WHY IT STANDS OUT: the money can be fresh funds, or money already sitting in an HL Bank savings, iSavings or current account and transferred electronically.FINE PRINT: no interest at all is paid if you withdraw before maturity, partial withdrawals are not allowed, and PayNow cannot fund the deposit directly. At maturity it renews for the same tenor at the board rate unless you instruct otherwise, and the bank can end the promotion whenever it chooses. GIFT: the Hello Kitty game set offer now runs 22 September to 31 October 2026, while stocks last: a Travel Game Set (worth S$200) for a S$100,000 placement of 12, 18 or 24 months, or a Full-Sized Game Set (worth S$600) for S$250,000, if you also transfer S$5,000 of fresh funds into an HL Bank savings or iSavings account and keep it there for six months. HL Bank is the Singapore branch of Hong Leong Bank Malaysia and a different company from Hong Leong Finance further down this list; deposits are insured up to S$100,000 by SDIC.BEST FOR: S$10,000 or more for six months, where nothing here beats it, or for a year if you would rather not lock up S$20,000 at RHB.
Online via HLB Connect, min. S$10,000: 2.05% p.a. (6 months) · 2.05% p.a. (12 months) · 1.88% p.a. (18 months) · 2.10% p.a. (24 months). Branch placements get the same rates from S$100,000 · effective 24 September 2026, unchanged on 12 October, end date at the bank's discretion · fresh funds OR money already in an HL Bank savings, iSavings or current account both qualify · no interest if withdrawn before maturity, no partial withdrawals, no PayNow funding direct to the deposit · renews at board rate for the same tenor unless you instruct otherwise · Hello Kitty game set 22 Sep to 31 Oct 2026 while stocks last: Travel set (worth S$200) for S$100,000, Full-Sized set (worth S$600) for S$250,000, on 12/18/24-month placements with S$5,000 fresh funds kept in savings for 6 months
CIMB's October board was unchanged on our 12 October check.THE RATES: Personal Banking customers get 1.95% p.a. at 12 months, 1.75% at 6 and 9 months and 1.35% at 3 months; Preferred Banking customers get 0.05 points more on every tenor, so 2.00% at 12 months. The minimum is S$10,000, the maximum S$1,000,000 per placement, and placements go through CIMB's online application only.FINE PRINT: CIMB's terms run the promotion from 1 to 31 October 2026, or earlier if the bank decides, and the account has to be funded, approved and through every check inside that window, so do not leave it to the last few days. There is no fresh-funds condition on this board, so money already at CIMB qualifies. At maturity the deposit rolls over at the far lower board rate unless you change the instruction.EXTRAS: both need fresh funds. The Shariah-compliant Why Wait Fixed Deposit-i adds a S$88 cash credit for every S$100,000 placed for 12 months, capped at S$176, for placements made 1 to 31 October. A New-to-Preferred welcome rate pays 2.43% p.a. on a 6-month placement, tied to S$250,000 of fresh funds and a new CIMB Preferred relationship, with no end date shown.BEST FOR: S$10,000 to S$20,000 placed online in October, where only Singapura Finance's Vivid and HL Bank pay more.
Online only, min. S$10,000 (max. S$1,000,000 per placement), placements 1 to 31 October 2026 (account must be funded and approved inside the window): 1.95% p.a. (12 months, up from 1.80%) · 1.75% p.a. (6 and 9 months) · 1.35% p.a. (3 months). Preferred Banking +0.05pp on every tenor (2.00% at 12 months) · no fresh-funds condition on this board · renews at board rate unless you change the instruction. Extras, fresh funds only: Why Wait Fixed Deposit-i adds S$88 per S$100,000 placed for 12 months, capped at S$176, 1 to 31 Oct · New-to-Preferred 2.43% p.a. on a 6-month placement with S$250,000 of fresh funds, no end date shown
Valid till 31 Oct 2026
Bank of China republishes its promotional time deposit board every Monday, and the sheet for 5 to 11 October 2026 added a middle tier. FROM S$500: through the BOC mobile app on new placements, you get 1.70% p.a. at 6, 9 and 12 months, 1.60% at 3 months, 1.50% at 5, 1.60% at 18 and 1.55% at 24. FROM S$20,000: a new tier pays 1.95% at 12 months, 1.85% at 6 and 9 months and 1.65% at 3. FROM S$200,000: 2.05% at 6 and 12 months (up from 1.80% on the 21 September sheet), 2.00% at 9, 1.75% at 3 and 1.65% at 18.NEW TO BANK: from 14 September to 31 October 2026, open a BOCSG Multi-Currency Savings Account and place S$200,000 to S$250,000 in a 4-month or 8-month deposit for 2.18% p.a., or S$100,000 to under S$200,000 for 2.08%.FINE PRINT: this is a one-week document by design, and the 12 October sheet was not yet published when we checked, so read the effective dates on the sheet before you place. You need a BOC savings or current account to place through the app, and early withdrawal may cost you the interest.BEST FOR: small savers, since S$500 still buys 1.70%, and S$20,000 placements that want CIMB's 1.95% without the October deadline.
BOC Mobile Banking, new placements, board effective 5 to 11 Oct 2026 and re-published every Monday. From S$500: 1.70% p.a. (6, 9 and 12 months) · 1.60% (3 months) · 1.50% (5 months) · 1.60% (18 months) · 1.55% (24 months) · 1.20% (2 months) · 1.10% (1 month). From S$20,000: 1.95% (12 months) · 1.85% (6 and 9 months) · 1.65% (3 months). From S$200,000: 2.05% (6 and 12 months) · 2.00% (9 months) · 1.75% (3 months) · 1.65% (18 months) · a savings or current account is needed to place via the app · new-to-bank offer 14 Sep to 31 Oct 2026: open a BOCSG Multi-Currency Savings Account and place in a 4- or 8-month SGD deposit, 2.08% p.a. on S$100,000 to under S$200,000, 2.18% on S$200,000 to S$250,000
Hong Leong Finance replaced its short-tenor special on 7 October 2026, and the new one pays far more.SPECIAL: the Special Fixed Deposit Promotion pays 1.90% p.a. for 8 months on S$20,000 and above in fresh funds, over the counter or online, until further notice. The four- and five-month 1.55% special we listed before is gone.STANDING BOARD: the Fixed Deposit Promotion (rates as of 25 September) pays 1.65% at 12 months, 1.55% at 9 and 1.45% at 6 on S$20,000 to under S$100,000, and 1.70%, 1.60% and 1.50% from S$100,000, for new placements on individual accounts.ONLINE: the HLF Digital Online Fixed Deposit Special is back for customers who already hold HLF fixed deposit and savings accounts, at 1.40% to 1.60% from S$5,000 and 1.50% to 1.70% from S$20,000.FINE PRINT: new customers go to a branch with their NRIC or passport; existing customers can use the online instruction form and PayNow. There is no penalty fee for breaking a deposit, but no interest is paid, and maturing deposits renew at the prevailing board or special rate. The Punggol Coast Mall branch gives a limited-edition Nanyang flask for fresh-funds placements. HLF is a finance company, not a bank, and a different company from HL Bank; it is a Deposit Insurance Scheme member, so deposits are insured up to S$100,000 by SDIC.BEST FOR: S$20,000 or more of new money you need back in under a year.
Special FD (over the counter and online), from 7 Oct 2026 until further notice: 1.90% p.a. for 8 months on S$20,000 and above in fresh funds · Fixed Deposit Promotion, rates as of 25 Sep 2026: S$20,000 to under S$100,000 1.65% (12 months), 1.55% (9), 1.45% (6); S$100,000 and above 1.70%, 1.60%, 1.50%; new placements on individual accounts · Online FD Special via HLF Digital, existing FD and savings account holders, rates as of 25 Sep 2026: S$5,000 to under S$20,000 1.60%/1.50%/1.40% (12/9/6 months), S$20,000+ 1.70%/1.60%/1.50% · no penalty fee on premature withdrawal but no interest is payable · free Nanyang flask for fresh funds at the Punggol Coast Mall branch · insured up to S$100,000 under the Deposit Insurance Scheme
Maybank's page was unchanged on our 12 October 2026 check.THE RATES: the standalone SGD Time Deposit and Term Deposit-i pay 1.85% p.a. at 6 and 12 months and 1.80% at 9 months, from S$20,000, at a branch or online. It is open to individuals and non-individuals, and its terms carry no fresh-funds condition.THE BUNDLE: the Deposits Bundle headline is 2.10% p.a. at 12 months and 2.00% at 9, but 10% of the deposit has to be earmarked in a Maybank savings or current account for the whole tenor, that earmark must be fresh funds, and it earns about 0.05%. Maybank publishes the blended result itself: 1.91% p.a. effective at 12 months and 1.82% at 9, based on a S$100,000 deposit, only 0.06 points above the standalone rate for a lot more paperwork.HOW TO PLACE: online with Myinfo via Singpass, or in the Maybank2u SG app under Apply, Time Deposits; you need a Maybank savings or current account to place online.BEST FOR: money already at Maybank, and anyone who wants 6 and 12 months at the same rate at a full bank. Choose the bundle only if the earmarked 10% is cash you would have kept at Maybank anyway.
Standalone Time Deposit / Term Deposit-i (branch or online), min. S$20,000, individual and non-individual customers: 1.85% p.a. (6 months) · 1.80% p.a. (9 months) · 1.85% p.a. (12 months) · Deposits Bundle (branch or online), individuals, min. S$20,000: 2.10% p.a. headline (12 months) and 2.00% (9 months), 1.91% and 1.82% EFFECTIVE on Maybank's own figures because 10% of the deposit must be earmarked in a savings or current account at about 0.05%, and that account needs fresh funds · rates from 24 September 2026, unchanged on 12 October, no end date published
GXS added an 18-month tenor to its Boost Pocket in October 2026, and it changes the answer for anyone with no minimum to meet.THE RATES: Boost Pocket is a fixed-tenor pocket inside the GXS Savings Account, not a formal fixed deposit. You get 0.88% p.a. base interest credited daily, plus a bonus paid only if you hold to maturity: 0.13% for 1 month, 0.34% for 3, 0.52% for 4, 0.82% for 8 (up from 0.42%), 0.87% for 12 and 1.12% for the new 18-month pocket. So 12 months pays 1.75%, 8 months 1.70% and 18 months 2.00%. You can open up to eight Boost Pockets, with no salary crediting and no minimum spend.WHY IT STANDS OUT: withdraw early and you keep the 0.88% base accrued to date and lose only the bonus, where HL Bank, UOB and Singapura Finance pay nothing at all on a broken deposit.OCTOBER PROMOS: new users get S$20 cashback on a first S$5,000 into a 3-month pocket named First Boost, which GXS puts at up to 2.82% p.a. The save-and-invest offer runs to 30 October: S$5,000 or more of fresh funds in a 4-month pocket named BOOST4 earns 3% p.a. if you invest S$2,000 in a GXS Invest fund other than Cash Plus (cashback capped at S$107), or 3.2% if you invest S$10,000 (capped at S$300), with the investment held to 28 February 2027 and at market risk.BEST FOR: anyone with less than S$10,000, anyone who might need the money back early, and an 18-month placement with no minimum.
Up to 2.00% p.a. on an 18-month Boost Pocket (new): 0.88% base credited daily plus a bonus at maturity of 0.13% (1 month), 0.34% (3), 0.52% (4), 0.82% (8, up from 0.42%), 0.87% (12) or 1.12% (18), so 8 months pays 1.70%, 12 months 1.75% and 18 months 2.00% · no minimum, up to 8 Boost Pockets, no salary crediting or minimum spend · break early and you keep the 0.88% base accrued to date · new users: S$20 cashback on a first S$5,000 into a 3-month 'First Boost' pocket (up to 2.82% p.a. on GXS's figure) · to 30 Oct 2026: a 4-month 'BOOST4' pocket of S$5,000+ in fresh funds earns 3% p.a. if you invest S$2,000+ in a GXS Invest fund other than Cash Plus (cashback capped at S$107), or 3.2% p.a. if you invest S$10,000+ (capped at S$300), investment held to 28 Feb 2027
Valid till 30 Oct 2026
ICBC finally moved, on a board effective 29 September 2026, and its old upside-down ladder is gone at the main tier.THE RATES: through e-banking with S$20,000 to under S$200,000, it now pays 1.70% p.a. at 6, 9 and 12 months, up from 1.60%, 1.45% and 1.45%, with 1.30% at 3 months and 1.10% at 1 month. A new tier from S$200,000 pays 1.75% at 6, 9 and 12 months. The small tier from S$500 to under S$20,000 is unchanged and still odd: 1.30% at 6 months but 1.15% at a year, so take the 6-month tenor there.FINE PRINT: the published table is for e-banking; the counter minimum is S$20,000 but no separate counter rate is printed, so confirm at the branch. Fresh funds are required, and ICBC defines them strictly: a transfer between two of your own ICBC accounts does not count. Early withdrawal carries no penalty fee, but interest reverts to the current account rate, which in practice costs you nearly all of it.BEST FOR: existing ICBC customers bringing in new money who want the same rate at 6, 9 or 12 months. For S$20,000 elsewhere, Bank of China pays 1.95% at 12 months and RHB 2.10%.
E-banking, fresh funds, board effective 29 September 2026. S$20,000 to under S$200,000: 1.70% p.a. (6, 9 and 12 months) · 1.30% (3 months) · 1.10% (1 month). S$200,000 and above: 1.75% (6, 9 and 12 months) · 1.30% (3 months) · 1.10% (1 month). S$500 to under S$20,000: 1.30% (6 months), 1.25% (3 months), 1.15% (1 year), 1.10% (9 months), 1.05% (1 month) · the published table is for e-banking; the counter minimum is S$20,000 but no separate counter rate is printed · money must be new to ICBC Singapore · no penalty fee on early withdrawal, but interest reverts to the current account rate
UOB's board was unchanged on our 12 October 2026 check and runs to 31 October.THE RATES: on fresh funds with a minimum of S$10,000, UOB pays 1.70% p.a. at 12 months, 1.65% at 10 months and 1.60% at 6 months.HOW TO PLACE: through the UOB TMRW app or Personal Internet Banking, Monday to Friday 9.30am to 9.30pm and Saturdays 8am to 9.30pm. Instructions sent outside those hours are processed the next business day, and interest starts only from then, which costs you a few days on a weekend placement.FINE PRINT: online placements are capped at S$999,999 each, the promotion is for individual customers only, and no interest is paid if the deposit is withdrawn before maturity.BEST FOR: UOB customers bringing in money from another bank who value having everything in one app. Money already at UOB does not qualify, so for that, look at RHB, HL Bank or CIMB. On S$50,000 for a year, UOB's 1.70% pays S$200 less than RHB's 2.10%.
1.70% p.a. (12 months) · 1.65% p.a. (10 months) · 1.60% p.a. (6 months) on fresh funds, min. S$10,000 · promotion valid 23 September to 31 October 2026, unchanged on 12 October · via UOB TMRW or Personal Internet Banking, Mon to Fri 9.30am to 9.30pm and Sat 8am to 9.30pm; instructions outside those hours are processed the next business day · online placements capped at S$999,999 · individual customers only · no interest if withdrawn before maturity
Valid till 31 Oct 2026
OCBC raised its board between our 24 September and 12 October 2026 checks, and it is still the lowest 12-month rate in this guide.THE RATES: it pays 1.65% p.a. online at 12 months (was 1.50%) and 1.50% at 6 months (was 1.35%); branch placements pay 0.05 points less, 1.60% and 1.45%. The promotion covers 6 and 12 months only.FINE PRINT: the minimum is S$20,000 and it must be fresh funds, which OCBC defines strictly: not transferred from an existing OCBC deposit account and not paid in by OCBC cheque, cashier's order or demand draft. So you cannot move your own OCBC savings into the promotional deposit. Online placements are capped at S$999,999 each and branch placements at S$5,000,000, and SRS funds are excluded.WHY CONSIDER IT: OCBC offers Money Lock, which blocks digital transfers out of a locked time deposit so the money can only be released in person. It is scam protection rather than yield, and it is free.BEST FOR: OCBC customers bringing in money from outside who value the branch network and Money Lock more than the interest. On S$50,000 for a year, 1.65% pays S$225 less than RHB's 2.10% and S$100 less than Maybank's 1.85%.
Online: 1.65% p.a. at 12 months (up from 1.50%) · 1.50% p.a. at 6 months (up from 1.35%). Branch pays 0.05pp less: 1.60% (12 months), 1.45% (6 months) · 6 and 12-month tenors only · re-checked 12 October 2026 · min. S$20,000 in fresh funds, which cannot be transferred from an existing OCBC deposit account or paid in by OCBC cheque, cashier's order or demand draft · placements capped at S$999,999 online and S$5,000,000 at a branch; SRS funds are excluded · Money Lock is available on time deposit accounts to block digital transfers out
| Bank | Best Rate (p.a.) | Tenor | Min. Placement | Channel | Fresh Funds? |
|---|---|---|---|---|---|
| RHB | 2.10%, up from 1.70% (2.20% Premier) | 12 months (2.00% at 6) | S$20,000 | Branch or RHB Mobile SG app | No |
| Singapura Finance | 2.08% online, up from 1.76% (1.98% counter) | 12, 18 or 24 months | S$10,000 Vivid online (max S$100,000); S$20,000 counter | Vivid online or counter | Counter yes; Vivid states none |
| HL Bank | 2.05%, unchanged (2.10% at 24 months) | 6 or 12 months, both | S$10,000 online, S$100,000 branch | HLB Connect online or app; branch | No |
| CIMB | 1.95%, unchanged (2.00% Preferred) | 12 months (1.75% at 6 and 9) | S$10,000 | Online only, placements 1-31 Oct | No (yes for the extras) |
| Bank of China | 1.95% from S$20,000, new tier (2.05% from S$200,000) | 12 months (1.70% at 6, 9 and 12 from S$500) | S$500 | Mobile app, board re-priced every Monday | New placements |
| Hong Leong Finance | 1.90%, new special (1.65% at 12 months) | 8 months | S$20,000 | Over the counter or online | Yes |
| Maybank | 1.85%, unchanged (Bundle 2.10%, 1.91% effective) | 6 or 12 months (1.80% at 9) | S$20,000 | Branch or online | No (Bundle earmark yes) |
| GXS Bank | 1.75% at 12 months; new 2.00% at 18 | 12 or 18 months | No minimum | App only | No |
| ICBC | 1.70%, up from 1.45% at 12 months (1.75% from S$200,000) | 6, 9 or 12 months | S$20,000 | E-banking | Yes |
| UOB | 1.70%, unchanged | 12 months (1.65% at 10, 1.60% at 6) | S$10,000 | Online or app, 23 Sep-31 Oct | Yes |
| OCBC | 1.65%, up from 1.50% (1.60% at a branch) | 12 months | S$20,000 | Online (branch pays 0.05pp less) | Yes |
Seven of the eleven providers here raised at least one rate between our 24 September and 12 October 2026 checks, and none cut. The top moved by 0.05 points, but the bottom moved by 0.15, so the gap between the best ordinary 12-month rate and OCBC has narrowed from 0.55 to 0.45 points.
HL Bank, CIMB, Maybank and UOB held. HL Bank's Hello Kitty game set offer, due to end on 6 October, now runs to 31 October.
Four numbers on this page are higher than RHB's 2.10%, and each one comes with a condition. Two more match it.
RHB Premier's 2.20% p.a. is the same board with 0.10 points added, but Premier needs a total relationship balance of S$200,000 at RHB.
CIMB's 2.43% p.a. is a New-to-Preferred welcome rate on a 6-month placement, tied to S$250,000 of fresh funds and a new CIMB Preferred relationship, and CIMB shows no end date for it.
Bank of China's 2.18% p.a. is a new-to-bank offer running 14 September to 31 October 2026. You open a BOCSG Multi-Currency Savings Account and place S$200,000 to S$250,000 in a 4-month or 8-month deposit; S$100,000 to under S$200,000 gets 2.08%.
GXS's 3% and 3.2% p.a. run to 30 October 2026, first come first served. Put at least S$5,000 of fresh funds in a 4-month Boost Pocket named "BOOST4" by 30 October, invest in a GXS Invest fund other than Cash Plus, and hold that investment to 28 February 2027. Invest S$2,000 and you get 3% (cashback capped at S$107); invest S$10,000 and you get 3.2% (capped at S$300). Those caps mean the full rate covers about S$20,000 and S$50,000 of deposit, and the invested money is at market risk.
HL Bank's 2.10% at 24 months and Maybank's 2.10% Deposits Bundle only tie RHB. HL Bank's ties the money up for two years. Maybank's needs a further 10% earmarked in a savings account at about 0.05%, so Maybank itself puts the blended result at 1.91% p.a. effective.
The channel matters more than the bank. Singapura Finance pays 2.08% online but 1.98% at the counter. HL Bank's 2.05% needs S$10,000 online but S$100,000 at a branch. CIMB's 1.95% is online only, ICBC's promotional table is e-banking only, and OCBC pays 0.05 points less at a branch. Read the channel before you read the number.
"Fresh funds" is a real condition, not boilerplate. UOB, OCBC, ICBC, Hong Leong Finance's 1.90% special and Singapura Finance's counter board all require money that is new to them, and so do CIMB's two extras. RHB, HL Bank, CIMB's standard online board and Maybank's standalone deposit do not, which is why they are the ones to use for money already sitting at that bank. Singapura Finance's Vivid page states no fresh-funds rule, but you place from a Vivid Savings Account.
Minimum placement varies enormously. GXS has no minimum. Bank of China takes S$500 and pays 1.70% at that level. Singapura Finance Vivid, HL Bank, CIMB and UOB want S$10,000. RHB, Maybank, Singapura Finance's counter, Bank of China's 1.95% tier, ICBC's better tier and Hong Leong Finance want S$20,000. If you have S$5,000, the answer is GXS or Bank of China, and both are within 0.40 points of the top.
Twelve months now pays more than six at the top. RHB pays 2.10% at 12 months but 2.00% at 6, and CIMB 1.95% against 1.75%. HL Bank, Maybank and ICBC's S$20,000 tier still pay the same at 6 and 12 months, so if you are unsure, the shorter tenor costs nothing there. Three-month rates run from 1.30% (ICBC) to 1.60% at RHB and Bank of China.
Longer is not reliably better, but this month it often is. Singapura Finance pays a flat 2.08% online from 12 to 24 months, and GXS's new 18-month pocket pays 2.00% against 1.75% at 12. HL Bank pays 1.88% at 18 months but 2.10% at 24. Bank of China pays less at 18 and 24 months than at 12. Check the whole ladder, not just the headline tenor.
Laddering still beats guessing. Split S$40,000 into four S$10,000 placements maturing at 3, 6, 9 and 12 months and something matures every quarter, so you can reinvest at whatever the market pays by then without breaking a deposit.
Check the early-withdrawal rule before you commit. HL Bank, UOB, Singapura Finance and Hong Leong Finance pay no interest at all on a broken deposit. ICBC pays the current account rate. GXS is the outlier: break a Boost Pocket early and you keep the 0.88% p.a. base interest accrued to date.
A fixed deposit locks your money for a set term at a guaranteed rate. A bonus savings account can pay more, with Standard Chartered Bonus$aver going to 5.85% p.a. and OCBC 360 to 4.70% p.a., but only if you meet conditions every single month: credit your salary, spend on the card, buy insurance or investments. Miss one and you drop to a base rate near 0.05%.
On salary crediting plus card spend alone, the realistic rate on the best savings accounts is roughly 1.9% to 2.2% p.a. RHB's 2.10%, Singapura Finance's 2.08% and HL Bank's 2.05% now sit inside that range with no monthly conditions at all. A savings account rate can also be cut with a month's notice, as UOB One was twice in 2025, while a fixed deposit rate is locked for the full tenor.
The practical split for most households: run one bonus savings account for your salary and spending money, and put the surplus you will not touch for 6 to 12 months into a fixed deposit. See the best savings accounts in Singapore for the salary-crediting side of that decision.
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Every rate above was checked against the provider's own website, promotion page or terms on 12 October 2026. Two things this guide does not rank are worth knowing: SingFinance still pays 1.80% at 6 and 12 months online from S$10,000 in fresh funds, and Bank of China re-prices every Monday (its 12 October sheet was not yet up when we checked). Treat this as a shortlist to verify on the day you place, not a permanent ranking.
As at 12 October 2026, RHB has the highest ordinary rate in this guide: 2.10% p.a. at 12 months and 2.00% at 6 months from S$20,000, at a branch or in the RHB Mobile SG app, from 9 October, with no fresh-funds rule. Premier customers get 2.20%. Next comes Singapura Finance's online Vivid Fixed Deposit at 2.08% at 12, 18 and 24 months from S$10,000 (1.98% at the counter), then HL Bank at 2.05% at 6 and 12 months from S$10,000 online. CIMB and Bank of China both pay 1.95% at 12 months, CIMB from S$10,000 to 31 October and Bank of China from S$20,000. With no minimum at all, GXS's Boost Pocket pays 1.75% at 12 months and 2.00% at 18. Several higher numbers carry conditions: CIMB's 2.43% is for new Preferred customers, Bank of China's 2.18% is for new customers placing S$200,000 or more, and GXS's 3% to 3.2% needs you to invest as well.
Checked on each bank's own page on 12 October 2026, two of the four have raised rates since late September. CIMB's October board pays 1.95% at 12 months and 1.75% at 6 and 9 months online from S$10,000 for placements made 1 to 31 October; Preferred Banking gets 2.00%. Maybank's standalone time deposit pays 1.85% p.a. at 6 and 12 months and 1.80% at 9 from S$20,000, with no fresh-funds condition; its Deposits Bundle headline is 2.10% at 12 months, 1.91% effective. UOB pays 1.70% at 12 months, 1.65% at 10 and 1.60% at 6, on fresh funds from S$10,000, to 31 October. OCBC rose from 1.50% to 1.65% at 12 months online and from 1.35% to 1.50% at 6, 0.05 points less at a branch, on S$20,000 of fresh funds. So the order is CIMB 1.95%, Maybank 1.85%, UOB 1.70%, OCBC 1.65%, and all four now trail RHB's 2.10%.
No. HL Bank is the Singapore branch of Hong Leong Bank, a Malaysian bank in the Hong Leong Group Malaysia, and it is the one paying 2.05% p.a. at 6 and 12 months from S$10,000 online as at 12 October 2026. Hong Leong Finance is a separate Singapore finance company, and its best offer here is a new 1.90% p.a. eight-month special from S$20,000 of fresh funds, with 1.65% at 12 months (1.70% from S$100,000). The two have different websites (hlbank.com.sg and hlf.com.sg), different rules and separate deposit insurance: each is its own Deposit Insurance Scheme member, so S$100,000 is insured at each one separately. That also means splitting a large sum between them keeps more of it insured.
It ranges from nothing to S$100,000 depending on the provider, and it often decides the answer more than the rate does. GXS Bank's Boost Pocket has no minimum and pays 1.75% p.a. at 12 months and 2.00% at 18. Bank of China takes S$500 through its mobile app and pays 1.70% at 6, 9 and 12 months at that level. Singapura Finance's Vivid, HL Bank, CIMB and UOB want S$10,000, and Singapura Finance's 2.08% (12 months or longer) and HL Bank's 2.05% (6 or 12 months) are the best rates at that size. RHB, Maybank, Singapura Finance's counter, Bank of China's 1.95% tier, ICBC and Hong Leong Finance want S$20,000, and RHB's 2.10% is the best there. At a branch, HL Bank needs S$100,000 for the same 2.05%. If you have S$5,000, the answer is GXS or Bank of China.
Fresh funds means money that is new to that bank: transferred in from another bank or deposited from outside, rather than money already in an account you hold there. On this list UOB, OCBC, ICBC, Hong Leong Finance's 1.90% special and Singapura Finance's counter board all require it, and so do CIMB's two extras and the earmarked 10% in Maybank's bundle. The definitions are strict: OCBC excludes transfers from existing OCBC deposit accounts and OCBC cheques, and ICBC says a transfer between two of your own ICBC accounts does not count. Four providers do not require fresh funds for their main rate: RHB, HL Bank (money in an HL Bank savings, iSavings or current account qualifies), CIMB's standard online board and Maybank's standalone deposit. Those are the ones to use for money already sitting at that bank.
Yes, up to a limit. Singapore dollar deposits with a Deposit Insurance Scheme member, which covers full banks, finance companies and digital banks, are insured by the Singapore Deposit Insurance Corporation for up to S$100,000 in aggregate per depositor per Scheme member. Aggregate means everything you hold at that one institution is added together, so a S$60,000 fixed deposit and a S$60,000 savings account at the same bank are not both fully covered. Every provider in this guide is a Scheme member, including RHB, HL Bank, the finance companies Hong Leong Finance and Singapura Finance, and GXS. Foreign currency deposits, structured deposits and investment products are not insured, which matters if you are tempted by Bank of China's USD board at around 4% or by the GXS Invest fund attached to its save-and-invest promotion. Above S$100,000, splitting across two institutions is the simplest way to stay fully covered.
In most cases you lose the interest. HL Bank, UOB, Singapura Finance and Hong Leong Finance pay no interest at all on a deposit broken before maturity, and HL Bank does not allow partial withdrawals. ICBC charges no penalty fee but pays only the current account rate, which costs you nearly all of it. RHB charges no penalty fee but you should still expect to lose the interest. GXS is the genuine outlier, because Boost Pocket is a savings product rather than a formal fixed deposit: withdraw early and you keep the 0.88% p.a. base interest accrued to that date, forfeiting only the bonus. If there is a real chance you will need the money back, that flexibility can be worth more than the 0.35 points between GXS and RHB at 12 months.
It depends on whether you can meet a savings account's monthly conditions. Bonus savings accounts advertise far higher headline rates, with Standard Chartered Bonus$aver up to 5.85% p.a. and OCBC 360 up to 4.70% p.a., but those need salary crediting, card spend and usually an insurance or investment product every month; miss one and you fall to a base rate near 0.05%. On salary crediting plus card spend alone, the realistic rate is roughly 1.9% to 2.2% p.a. As at 12 October 2026, RHB's 2.10%, Singapura Finance's 2.08% and HL Bank's 2.05% fixed deposits all sit inside that range with no monthly conditions. A savings account rate can also be cut with a month's notice, as UOB One was twice in 2025, while a fixed deposit rate is locked for the full tenor. For most households the answer is both: a bonus savings account for day-to-day money, and a fixed deposit for the surplus you will not touch for 6 to 12 months.
