11 Best Fixed Deposit Rates in Singapore (September 2026): HL Bank Jumps to 2.05% p.a., Maybank Pays 1.85% and CIMB 1.80%

HL Bank is new to this guide, and it goes straight to the top. Its fixed deposit promotion, effective 24 September 2026, 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. A week earlier, on the board effective 17 September, the 6- and 12-month rates were 1.80%, so this is a 0.25 point jump in seven days. The terms are unusually generous on where the money comes from: it can be fresh funds, or money already sitting in an HL Bank savings, iSavings or current account and transferred electronically. That makes it one of only four places on this page that will pay a top rate on a balance you already hold at the bank. The catches are standard but firm. No interest at all is paid if you withdraw before maturity, partial withdrawals are not allowed, and PayNow cannot be used to fund the deposit directly. At maturity the deposit renews for the same tenor at the board rate unless you instruct otherwise. The bank can end the promotion whenever it chooses; no end date is published. A Hello Kitty game set is also on offer from 22 September to 6 October for 12, 18 or 24-month placements of S$100,000 or more, if you also keep S$5,000 of fresh funds in an HL Bank savings account 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: anyone with S$10,000 or more who is happy to bank online and can leave the money alone for six months or a year. On S$50,000 for a year it pays S$275 more than OCBC.

Maybank rebuilt its time deposit page on 24 September 2026, and the plain product is now the one to use. 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. On 11 September the same board paid 1.45% and 1.30%, so the 12-month rate is up 0.40 points in under a fortnight. It is open to individuals and non-individuals, and its terms carry no fresh-funds condition. The louder number is the Deposits Bundle: 2.10% p.a. at 12 months and 2.00% at 9, up from 1.85% and 1.45%. To get it, 10% of the deposit amount 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. That is only 0.06 points above the standalone rate at 12 months, for a lot more paperwork. The branch-only Special Time Deposit we listed on 11 September has been removed from the page. 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: anyone with S$20,000 or more who wants a clean top-three rate at a full bank, including money already at Maybank. Choose the bundle only if the earmarked 10% is cash you would have kept at Maybank anyway.

CIMB raised its online SGD Fixed Deposit board from 21 September 2026. Personal Banking customers now get 1.80% p.a. at 12 months, up from 1.70%, and 1.75% at 6 and 9 months, up from 1.65% and 1.70%; the 3-month rate stays at 1.35%. Preferred Banking customers get 0.05 points more on every tenor, so 1.85% at 12 months. The minimum is S$10,000 and placements go through CIMB's online application only. The window is short and CIMB means it: placements have to be made from 21 to 30 September, and CIMB's terms say the account has to be funded, approved and through every check inside that window. Start by the middle of the last week, not on the 30th. There is no fresh-funds condition on this board, so money already at CIMB qualifies. Two September extras sit on top, both needing fresh funds. The Shariah-compliant Why Wait Fixed Deposit-i pays the same 1.80% plus a S$88 cash credit for every S$100,000 placed for 12 months, capped at S$176, for placements made 1 to 30 September; on S$100,000 that is about 1.89%. Separately, a New-to-Preferred welcome rate pays 2.33% p.a. on a 6-month placement of S$10,000 to S$250,000, but you have to open a new CIMB Preferred relationship, which normally means S$250,000 in total balances. At maturity the deposit rolls over at the board rate, which is far lower, unless you change the instruction. BEST FOR: anyone with S$10,000 to S$20,000 who can place online this week. It is the best rate on this page at that size apart from HL Bank.

RHB did not move between 11 and 24 September 2026, which is why a rate that led this guide a fortnight ago now sits fourth. Its promotional board pays Personal Banking customers 1.70% p.a. at both 6 and 12 months and 1.30% at 3 months. Premier Banking adds 0.10 points on every tenor, so 1.80% at 6 and 12 months and 1.40% at 3 months; Premier needs a total relationship balance of S$200,000. The minimum is S$20,000 on every tenor. One thing has improved: the page now says you can place at any RHB branch or in the RHB Mobile SG app for up to 1.80% p.a., where on 11 September it described a branch rate only. New-to-bank customers who want to use the app have to open an RHB current or savings account in the app first and transfer funds across. Two terms still set RHB apart. There is no fresh-funds requirement, and eligible auto-renewals get the prevailing promotional rate automatically instead of dropping to the board rate. RHB also charges no premature penalty fee on an SGD fixed deposit, though you should expect to lose the interest. BEST FOR: RHB Premier customers, who get 1.80% on money already at the bank, and anyone who wants a rate that renews at the promotional level without having to re-shop every year. For new money, HL Bank, Maybank and CIMB now pay more.

Singapura Finance reissued both of its boards on 21 and 22 September 2026, and both now pay the same. The Counter Fixed Deposit Promotion, effective 21 September, pays 1.76% p.a. at 12, 18 and 24 months and 1.70% at 6 months on S$20,000 and above. On 8 September it paid 1.65% at 12 months and 1.62% at 6. The online Vivid Fixed Deposit, effective 22 September, matches those rates exactly, and its minimum has come down from S$50,000 to S$20,000, so the online route is no longer the weaker one. A flat 1.76% out to 24 months is unusual: it is the best 18-month rate on this page and one of the few ways to lock a rate near the top of the market for two years. Until 26 September there is a Mid-Autumn Festival extra: walk into a Customer Centre, place S$50,000 of fresh funds in a 12, 18 or 24-month Blue Sky Fixed Deposit, and get 0.05 points on top, so 1.81% p.a. The first 15 qualifying customers at each centre also get a mooncake cushion. The conditions are the strictest here. Fresh funds only, retail customers only, and you need an existing Singapura Finance savings account or a new one opened with S$200. No interest at all is paid if you break the deposit. Vivid has no online withdrawal and needs Singpass. Deposits are insured up to S$100,000 by SDIC. BEST FOR: a 12 to 24-month placement of new money you are sure you will not need, especially if you want to lock today's rate for longer than a year.

GXS has not changed its Boost Pocket rates since August, and 1.75% p.a. at 12 months is still the best rate here that anyone can get with no minimum and no relationship requirement. Boost Pocket is a fixed-tenor pocket inside the GXS Savings Account rather than 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, 0.42% for 8 and 0.87% for 12. So 4 months pays 1.40% and 12 months 1.75%. You can open up to eight pockets with a combined limit of S$95,000, with no salary crediting and no minimum spend. The real draw is flexibility. 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. Two September promotions run to 30 September for the first 1,500 eligible customers. New users get S$20 cashback on a first S$5,000 into a 3-month pocket named First Boost, which GXS puts at 2.82% p.a. The save-and-invest offer now has two tiers. Put at least S$5,000 in a 4-month pocket named BOOST4 and invest in a GXS Invest fund other than Cash Plus until 31 January 2027: invest S$5,000 and the pocket earns 3% p.a. (cashback capped at S$107), invest S$10,000 and it earns 3.2% (cashback capped at S$300). Those caps mean the full rate only covers about S$20,000 and S$50,000 of deposit, and the invested money is at market risk. BEST FOR: anyone with less than S$10,000, and anyone who might need the money back early.

Bank of China republishes its promotional time deposit board every Monday, and the sheet for 21 to 27 September 2026 moved more numbers than any since August. Through the BOC mobile app on new placements, S$500 now gets you 1.70% p.a. at both 6 and 12 months (12 months was 1.65% on the 7 to 13 September sheet), 1.60% at 3 months (was 1.35%), 1.55% at 9 months, 1.50% at 5 months, 1.60% at 18 months and 1.55% at 24 months. There is a new S$100,000 tier at 1.75% for 6 and 12 months, and from S$200,000 the 6 and 12-month rates go to 1.80%, with 9 months at 1.75% and 18 months at 1.65%. The S$500 entry is still the striking part: BOC pays its full rate at that level, which makes it the best option on this page for anyone with less than S$10,000 who wants a formal fixed deposit, and its 1.60% at 3 months is the best short rate here. For large sums there is a new-to-bank offer 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%. The catch on everything is shelf life. This is a one-week document by design, so check the effective dates printed 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 buys the same 1.70% that others reserve for S$10,000 or S$20,000, and anyone new to BOC with S$100,000 or more for 4 or 8 months.

UOB has now replaced its September promotion twice. The board valid 9 to 30 September gave way to one valid 23 to 30 September 2026, at higher rates again. On fresh funds with a minimum of S$10,000, UOB now pays 1.70% p.a. at 12 months, 1.65% at 10 months and 1.60% at 6 months, up from 1.55%, 1.55% and 1.50%. Over the month, the 12-month rate has gone from 1.40% to 1.70%. Placements go through UOB Personal Internet Banking or the UOB TMRW app, 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. 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. The window closes on 30 September; check the page for October's board after that. 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 HL Bank, CIMB or RHB. On S$50,000 for a year, UOB's 1.70% pays S$175 less than HL Bank's 2.05%.

ICBC's SGD promotional table was unchanged when we re-checked it on 24 September 2026, so it has now held for a month while most of this list moved up around it. Through e-banking with S$20,000 or more it pays 1.60% p.a. at 6 months, 1.45% at 9 months and 1 year, 1.30% at 3 months and 1.10% at 1 month. A second tier from S$500 to under S$20,000 pays 1.30% at 6 months, 1.25% at 3 months, 1.15% at 1 year, 1.10% at 9 months and 1.05% at 1 month. The oddity is intact: committing for a year earns less than committing for six months, so there is no reason to take the 12-month tenor here. 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 for six months. Everyone else can do better: Bank of China pays 1.70% at 6 months from S$500, and HL Bank 2.05% from S$10,000.

Hong Leong Finance did not reprice between 11 and 24 September 2026, and its short-tenor special is still its best product. The Special Fixed Deposit Promotion, with rates as of 9 September, pays 1.55% p.a. on a 4-month or 5-month placement of S$10,000 to under S$100,000 in fresh funds, and 1.60% from S$100,000. It is an over-the-counter promotion: new customers go to a branch with their NRIC or passport, and existing customers can use the online instruction form and PayNow. Four or five months at 1.55% gets your money back quickly, but it is no longer the best short rate here: Bank of China now pays 1.60% at 3 months from S$500. For longer tenors, the Fixed Deposit Promotion (rates as of 10 September) pays 1.50% p.a. at 12 months, 1.45% at 9 and 1.40% at 6 on S$20,000 and above, for new placements and renewals on individual accounts. The Online Fixed Deposit Special for HLF Digital users, which paid the same rates from S$20,000 and 1.35% to 1.45% from S$5,000, required placements to be made by 24 September 2026, so treat it as closed unless HLF reissues it. Premature withdrawal has no penalty fee but no interest is paid. HLF is a finance company, not a bank, and a different company from HL Bank at the top of this list; it is a Deposit Insurance Scheme member, so deposits are insured up to S$100,000 by SDIC. BEST FOR: S$10,000 or more of new money that you need back inside half a year.

OCBC's board was unchanged when we re-checked it on 24 September 2026, and it is now the lowest rate in this guide by a clear margin. It pays 1.50% p.a. online at 12 months and 1.35% at 6 months; branch placements pay 0.05 points less, 1.45% and 1.30%. The promotion runs 6 and 12 months only, since the 18-month tenor was withdrawn in early September. 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. OCBC does offer something none of the others do: 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, 1.50% pays S$275 less than HL Bank's 2.05% and S$175 less than Maybank's 1.85%.