Earn up to 2.90% interest: Singapore's best-fixed deposit rates this April 2025

April 2025 Best fixed deposit rates by commitment period

3-Month commitment period:

• Bank of China

  • Interest Rate: 2.50% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

•  Syfe Cash+ Guaranteed

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

•  StashAway Simple Guaranteed

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: No minimum

• ICBC

  • Interest Rate: 2.40% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• CIMB

  • Interest Rate: 2.30 – 2.35% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• RHB

  • Interest Rate: 2.20 – 2.30% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$20,000

• Citibank

  • Interest Rate: 2.20% p.a. (T&Cs apply)

  • Commitment Period: 3 months

  • Minimum Amount: S$50,000

• HSBC

  • Interest Rate: 1.90% p.a. (personal banking customers)

  • Commitment Period: 3 months

  • Minimum Amount: S$30,000

6-Month commitment period:

• Maybank

  • Interest Rate: 2.90% p.a. (branch placement)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• State Bank of India

  • Interest Rate: 2.50% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• Bank of China

  • Interest Rate: 2.45% p.a.(via mobile banking)

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• StashAway Simple Guaranteed

  • Interest Rate: 2.30% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: No minimum

• ICBC

  • Interest Rate: 2.30% p.a.(via e-banking)

  • Commitment Period: 6 months

  • Minimum Amount: S$500

• RHB

  • Interest Rate: 2.20 – 2.30% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Citibank

  • Interest Rate: 2.20% p.a. (T&Cs apply)

12-Month commitment period:

• Maybank

  • Interest Rate: 2.70% p.a. (branch placement)

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• DBS

  • Interest Rate: 2.45% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$1,000

• State Bank of India

  • Interest Rate: 2.40% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$50,000

• Bank of China

  • Interest Rate: 2.40% p.a.(via mobile banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• ICBC

  • Interest Rate: 2.25% p.a.(via e-banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$500

• StashAway Simple Guaranteed

  • Interest Rate: 2.20% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• RHB

  • Interest Rate: 2.10 – 2.20% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$20,000

• OCBC

  • Interest Rate: 2.10% p.a. (internet banking)

  • Commitment Period: 12 months

  • Minimum Amount: S$30,000

• Syfe Cash+ Guaranteed

  • Interest Rate: 2.05% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: No minimum

• CIMB

  • Interest Rate: 2.00 – 2.05% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$10,000

• HSBC

  • Interest Rate: 1.80% p.a.

  • Commitment Period: 12 months

  • Minimum Amount: S$30,000

April 2025 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

• Bank of China

  • Interest Rate: 2.50% p.a.(via mobile banking)

Deposits $20,000–$49,999:

• Maybank

  • Interest Rate: 2.90% p.a. (branch placement)

  • Commitment Period: 6 months

  • Minimum Amount: S$20,000

• Bank of China

  • Interest Rate: 2.50% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• ICBC

• Interest Rate: 2.40% p.a.(via e-banking)

• Commitment Period: 3 months

• Minimum Amount: S$500

Deposits $50,000 and above:

• Bank of China

  • Interest Rate: 2.50% p.a.(via mobile banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$500

• State Bank of India

  • Interest Rate: 2.50% p.a.

  • Commitment Period: 6 months

  • Minimum Amount: S$50,000

• ICBC

  • Interest Rate: 2.45% p.a.(via e-banking)

  • Commitment Period: 3 months

  • Minimum Amount: S$200,000

• CIMB

  • Interest Rate: 2.30 – 2.35% p.a.

  • Commitment Period: 3 months

  • Minimum Amount: S$10,000

• Hong Leong Finance

  • Interest Rate: 2.30% p.a. (online fixed deposit special)

  • Commitment Period: 9 months or 10 months

  • Minimum Amount: S$20,000

• HSBC

  • Interest Rate: 2.30% p.a. (Premier and Premier Elite customers with investment holdings)

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$30,000

• RHB

  • Interest Rate: 2.20 – 2.30% p.a.

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$20,000

• Citibank

  • Interest Rate: 2.20% p.a. (T&Cs apply)

  • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$50,000