Fixed Deposit FAQ (Singapore)

As of 26 Oct 2026, 1:51 PM SGT, the highest advertised 12-month rate is 2.10% p.a. at CIMB, RHB. The home page shows today's highest advertised rate for every tenure, updated at each check.

MoneySense describes a fixed deposit as an interest-bearing account with a fixed maturity date: unlike a savings account, you cannot add money or withdraw at any time. Source: MoneySense, Understanding bank accounts (checked 24 Oct 2026).

Per annum: the rate is quoted per year. Each bank's terms set out how interest is calculated and paid for its tenures.

'Board rate' marks a bank's standard published rate for a tenure. 'Promo' marks a promotional rate the bank publishes; any conditions the bank shows with it (such as a minimum amount, fresh funds or a channel) are listed under Conditions.

Some promotions apply only to 'fresh funds' or 'new funds'. Each bank defines the term in its own terms and conditions, so check them. Where the bank's rate page mentions it, we show it under Conditions.

Usually yes, but it can cost you. MoneySense says that if you withdraw a fixed deposit before the maturity date, you may receive no interest or lose part of the interest, and in some cases pay a fee that could leave you with less than you deposited. Each bank's own terms set the rules. Source: MoneySense, Understanding bank accounts (checked 24 Oct 2026).

Some banks publish higher rates only for priority / premier banking or new-to-bank customers. These are kept out of the main ranking and listed separately.

Yes, for Singapore dollar fixed deposits with a Deposit Insurance (DI) Scheme member. The Singapore Deposit Insurance Corporation (SDIC) says the DI Scheme covers Singapore dollar deposits held in a fixed deposit account, insured up to S$100,000 in aggregate per depositor per Scheme member, together with your savings and current accounts at the same bank or finance company. Foreign currency deposits and structured deposits are not covered. Source: SDIC Deposit Insurance Scheme FAQs (checked 25 Oct 2026); SDIC's site lists which institutions are Scheme members.

No. This site lists the rates banks publish, ranked by rate only. It does not assess suitability or recommend any product.

Use the contact form and choose 'Correction or removal (banks)'. We act on requests from the institutions listed.