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SINGAPORE: Singapore banks are now offering fixed deposit rates of up to 2.50%, making it a good time for savers to lock in their funds, with minimum deposits starting from just S$500.
May 2025 highest fixed deposit rates
May 2025 best fixed deposit rates by commitment period
3-Month commitment period:
6-Month commitment period:
12-Month commitment period:
May 2025 best fixed deposit rates by minimum deposit
Deposits $10,000 and under:
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DBS
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Bank of China
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ICBC
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Citibank
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CIMB
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Hong Leong Finance
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UOB
Deposits $20,000–$49,999:
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DBS
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Maybank
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Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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Bank of China
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ICBC
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Citibank
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CIMB
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Hong Leong Finance
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RHB
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HSBC
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Standard Chartered
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OCBC
Deposits $50,000 and above:
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DBS
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Maybank
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Interest Rate: 2.45% p.a. (via Maybank2u Online Banking, Maybank2u SG app or in branch)
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Commitment Period: 6 months
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Minimum Amount: S$20,000
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State Bank of India
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Bank of China
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ICBC
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Citibank
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CIMB
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Hong Leong Finance
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RHB
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HSBC
/TISG
Read also: Earn up to 2.90% interest: Singapore’s best-fixed deposit rates this April 2025
Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites
Featured image by Depositphotos (for illustration purposes only)
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