10 Best Fixed Deposit Rates in Singapore (August 2026) — CIMB Jumps to 1.70% p.a. and Takes the Crown from RHB

CIMB refreshed its online SGD Fixed Deposit board on 7 August 2026 and took the top spot outright. Personal Banking customers get 1.65% p.a. for 6 months and 1.70% p.a. for both 9 and 12 months; Preferred Banking customers get a flat 0.05 percentage point uplift on every tenor, so 1.70% at 6 months and 1.75% at 9 and 12. The 3-month rate is 1.35% (1.40% Preferred). Each qualifying placement must be at least S$10,000, up to a maximum of S$1,000,000 per placement, and it has to be done through CIMB's online application — branch placements do not get the promotional board. Open to new and existing customers, personal and joint accounts only. Once your placement completes, the rate is locked to maturity. BEST FOR: anyone with S$10,000 or more who can commit for 9–12 months and is comfortable applying online. This is simply the highest number on the table, and the S$10,000 entry point is half what RHB, Maybank or ICBC ask for.

RHB held the crown for the first week of August and is still the best branch-placement rate in Singapore. Personal Banking branch rates from 1 August 2026 are 1.30% p.a. for 3 months, 1.60% for 6 months and 1.65% for 12 months, all on a minimum of S$20,000. Premier Banking customers (which requires S$200,000 in total relationship balance) get 0.10 percentage points more across the board, topping out at 1.75% p.a. for 12 months. The catch worth spelling out: RHB's mobile banking rates are lower for the longer tenors — 1.50% at 6 months and 1.55% at 12 months — so placing the same money in the app costs you 0.10 percentage points, or S$20 a year on a S$20,000 placement. The 3-month rate is the same (1.30%) through either channel. Open to new and existing individual account holders. BEST FOR: savers with S$20,000+ who don't mind a trip to a branch (Cecil, Orchard, Parkway and Jurong East among them), and Premier customers, for whom 1.75% is the single highest personal FD rate in Singapore this month.

GXS is the answer for anyone who doesn't have S$10,000 to lock away. Its Boost Pocket is a fixed-tenor product inside the GXS Savings Account: you commit for 3, 4, 8 or 12 months and get a base 0.88% p.a. credited daily plus a bonus of up to 0.52% p.a. paid if you hold to maturity — up to 1.60% p.a. on the 12-month pocket as at 1 August 2026. The minimum is S$100, you can run up to five pockets, and the combined deposit limit is S$95,000. Two things make it genuinely different from every other entry here. First, there is no early-withdrawal penalty: take the money out before maturity and you still keep the 0.88% base interest accrued to that date, you simply forfeit the bonus. Second, GXS is running a National Day promotion — S$10 cashback for every S$10,000 put into a 12-month Boost Pocket named "SG61", using incremental funds — which the bank itself markets as an effective 1.7% p.a., matching CIMB with a S$100 minimum instead of S$10,000. That closes on 18 August 2026. New customers can separately get S$20 cashback on their first S$5,000 into a 3-month pocket named "First Boost" (till 30 September 2026, first 1,500 customers only). BEST FOR: small balances, anyone who might need the money back early, and anyone who wants to try a fixed rate without a five-figure commitment.

Bank of China has the lowest entry point of any traditional bank on this list. Its promotional SGD time deposit rates, effective from 20 July 2026 and available for new placements made through the BOC Mobile Banking app, pay 1.35% p.a. for 3 months and 1.50% p.a. for 6, 9 or 12 months on a minimum of just S$500. Place S$200,000 or more and the 6-to-12-month rate rises to 1.55% p.a. You'll need a BOC savings or current account first, since the mobile placement draws from it. That 1.50% for S$500 is a genuinely unusual combination — every other bank offering 1.50% or better wants at least S$10,000, and most want S$20,000. It also means you can put S$500 to work at a rate that beats OCBC and UOB's 12-month rate by 0.20 percentage points while they demand S$20,000 and S$10,000 respectively. BEST FOR: savers with four-figure sums who want a conventional, SDIC-insured fixed deposit rather than a digital-bank product, and anyone already banking with BOC.

ICBC's fresh-funds fixed deposit promotion, effective 29 July 2026, has an unusual shape: the 6-month rate is its best. Via e-banking with S$20,000 or more, you get 1.50% p.a. for 6 months, 1.45% for 9 months, 1.45% for 12 months and 1.30% for 3 months — so committing for a full year actually earns you less than committing for six. Below S$20,000 the e-banking minimum drops to S$500, but the rates drop with it: 1.30% for 6 months, 1.15% for 12 months. Over the counter (minimum S$20,000) you get 1.45% for 6 months and 1.40% for 9 or 12 months, so e-banking wins at every tenor. The fresh-funds rule is enforced — the money must be newly brought into ICBC Singapore and cannot be transferred from an existing ICBC Singapore account. ICBC also states there is no penalty fee for early withdrawal, though you'd be paid the prevailing current account rate instead of the promotional one. Branches include Raffles Place, Chinatown Point, Paya Lebar, Jurong East, Sun Plaza, Marine Parade, Waterway Point, Holland Village and AMK Hub. BEST FOR: savers with S$20,000 in new money who want the best 6-month rate on this list, and who bank online.

Hong Leong Finance runs the best short-tenor deal in Singapore right now. Its Special Fixed Deposit Promotion pays 1.50% p.a. on a 4-month or 5-month placement with a minimum of S$10,000 in fresh funds — effective from 24 July 2026 until further notice. Two conditions: it is a branch-only placement, and you must already be an HLF Digital user. For longer tenors, the Online Fixed Deposit Special (HLF Digital only, existing account holders, fund your savings account first) pays 1.35% for 6 months, 1.40% for 9 months and 1.45% for 12 months on S$20,000 and above, dropping to 1.30%/1.35%/1.40% for placements between S$5,000 and S$20,000. There's also a branch-and-online Fixed Deposit Promotion at the same 1.35%/1.40%/1.45% on S$20,000 fresh funds, running from 23 July 2026. Hong Leong Finance is a finance company rather than a bank, but deposits are insured under the same Deposit Insurance Scheme up to S$100,000. BEST FOR: anyone who wants a rate near the top of the table without locking money up for a year — 1.50% for four months is better than what OCBC, UOB, Maybank or DBS will pay you for twelve.

Worth checking, with one important caveat about timing. Singapura Finance ran a 61st National Day Fixed Deposit promotion of up to 1.58% p.a. on 6 months for fresh funds from S$61,000 — but that window ran only from 31 July to 8 August 2026 and has already closed, so ignore any listing that still shows it. What is still running: the Online Vivid Fixed Deposit pays up to 1.48% p.a. on 12 months (1.45% on 9 months) with a minimum of S$50,000, on rates effective from 5 June 2026; and the Counter Fixed Deposit Promotion pays up to 1.45% p.a. on 7 months with a minimum of S$20,000 in fresh funds, on rates effective from 21 July 2026. Neither carries a published end date, which in practice means they can be revised at any time. Like Hong Leong Finance, Singapura Finance is a finance company, and its deposits are covered by the Deposit Insurance Scheme up to S$100,000. BEST FOR: savers with S$50,000+ who want a solid 12-month rate outside the big banks, and anyone looking for an odd-tenor 7-month placement. Watch this one for the next festive promotion — Singapura Finance runs them regularly.

Maybank refreshed its Singapore Dollar Time Deposit and Term Deposit-i promotional rates from 22 July 2026. The board pays 1.45% p.a. at 6 months (individual customers only), 1.30% p.a. at 9 months and 1.45% p.a. at 12 months, on a minimum placement of S$20,000. The 9-month tier is open to both individual and non-individual customers; the 6-month top rate is not. Placements can be made at a Maybank branch or through eligible online banking channels, subject to account eligibility and confirmation of the available rate at the point of placement. It is a solid, unfussy offer — no fresh-funds requirement published on the promotion, no wealth-product or relationship-tier hoop to jump through — but at 1.45% it sits mid-table, a full 0.25 percentage points behind CIMB for the same 12-month commitment and asking twice the minimum. BEST FOR: existing Maybank customers who'd rather keep everything under one roof, and anyone who wants a straightforward promotional rate without fresh-funds conditions.

The best of the Big Three, which this month is not saying much. OCBC's promotional SGD time deposit pays 1.30% p.a. on 12- and 18-month placements and 1.25% p.a. on 6 months, with a minimum of S$20,000, and the promotional board is available through online banking rather than at a branch. It is 0.40 percentage points behind CIMB for the same 12-month commitment while asking twice the minimum placement — on S$20,000 that is S$80 of interest a year you're leaving behind, and on S$50,000 it is S$200. What OCBC does offer is convenience and Money Lock, its feature for time deposit accounts that blocks funds from being transferred out digitally, which is a real consideration if scam risk worries you. If you're an OCBC customer chasing yield rather than convenience, the far better use of your money is the OCBC 360 savings account, which is running a promotional rate of up to 4.70% p.a. until 31 December 2026. BEST FOR: existing OCBC customers who value keeping everything in one app over squeezing out the last 0.40 percentage points.

UOB's Singapore Dollar fixed deposit promotion pays 1.30% p.a. on a 12-month placement of fresh funds with a minimum of S$10,000, rising to 1.35% p.a. if you hold eligible wealth products with the bank. Shorter tenors pay less: 1.25% p.a. at 10 months and 1.20% p.a. at 6 months. The minimum is the joint-lowest among the major banks here alongside CIMB, which is the one genuinely good thing about this offer — you can start a UOB fixed deposit with S$10,000 rather than the S$20,000 that OCBC, RHB, Maybank and ICBC all want. The fresh-funds condition applies, so rolling over money already sitting at UOB won't qualify. At 1.30%, though, you are accepting the second-lowest 12-month rate on this list, and the wealth-product uplift to 1.35% still doesn't reach Maybank's plain 1.45%. BEST FOR: UOB customers with S$10,000 to place who want it done inside the UOB app, and wealth clients for whom the 1.35% tier is automatic.