Earn up to 3.05% interest! — Best fixed deposit rates in Singapore this Jan 2025
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Personal Finance |
6 m read

Earn up to 3.05% interest! — Best fixed deposit rates in Singapore this Jan 2025

Mary Alavanza
By Mary Alavanza
|
SINGAPORE: Grow your money while celebrating the Chinese New Year with deposits starting at S$500, as banks offer fixed deposit rates of up to 3.05% per annum this January 2025!

Jan 2025 Highest Fixed Deposit Rates

  • Maybank

    • Interest Rate: 3.05% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum

  • Bank of China

    • Interest Rate: 2.95% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.90% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Hong Leong Finance

    • Interest Rate: 2.65% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • State Bank of India

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months or 6 months or 12 months

    • Minimum Amount: S$20,000

  • Standard Chartered

    • Interest Rate: 2.40 – 2.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

  • Minimum Amount: S$1,000

  • OCBC

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

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

    • Jan 2025 Best fixed deposit rates by commitment period

    3-Month commitment period:

    •  Syfe Cash+ Guaranteed

      • Interest Rate: 3.00% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: No minimum

    •  StashAway Simple Guaranteed

      • Interest Rate: 3.00% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: No minimum

    • Bank of China

      • Interest Rate: 2.95% p.a.(via mobile banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • ICBC

      • Interest Rate: 2.90% p.a.(via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • Citibank

      • Interest Rate: 2.90% p.a. (T&Cs apply)

      • Commitment Period: 3 months

      • Minimum Amount: S$10,000

    • CIMB

      • Interest Rate: 2.65 – 2.70% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$10,000

    • RHB

      • Interest Rate: 2.58 – 2.68% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$20,000

    6-Month commitment period:

    • Maybank

      • Interest Rate: 3.05% p.a. (branch placement)

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • Syfe Cash+ Guaranteed

      • Interest Rate: 2.85% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: No minimum

    • StashAway Simple Guaranteed

      • Interest Rate: 2.85% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: No minimum

    • Bank of China

      • Interest Rate: 2.75% p.a.(via mobile banking)

      • Commitment Period: 6 months

      • Minimum Amount: S$500

    • CIMB

      • Interest Rate: 2.70 – 2.75% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$10,000

    • RHB

      • Interest Rate: 2.58 – 2.68% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • State Bank of India

      • Interest Rate: 2.65% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$50,000

    • HSBC

      • Interest Rate: 2.48% p.a.

      • Commitment Period: 6 months

  • Minimum Amount: S$30,000

  • ICBC

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

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • OCBC

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

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

    • 12-Month commitment period:

    • Maybank

      • Interest Rate: 2.80% p.a. (branch placement)

      • Commitment Period: 12 months

      • Minimum Amount: S$20,000

    • Syfe Cash+ Guaranteed

      • Interest Rate: 2.75% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: No minimum

    • StashAway Simple Guaranteed

      • Interest Rate: 2.75% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: No minimum

    • Bank of China

      • Interest Rate: 2.60% p.a.(via mobile banking)

      • Commitment Period: 12 months

      • Minimum Amount: S$500

    • RHB

      • Interest Rate: 2.58 – 2.68% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$20,000

    • CIMB

      • Interest Rate: 2.55 – 2.60% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$10,000

    • State Bank of India

      • Interest Rate: 2.50% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$50,000

    • ICBC

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

      • Commitment Period: 12 months

      • Minimum Amount: S$500

    • OCBC

      • Interest Rate: 2.30% p.a. (internet banking)

      • Commitment Period: 12 months

      • Minimum Amount: S$30,000

    Jan 2025 Best fixed deposit rates by minimum deposit

    Deposits $10,000 and under:

    • Bank of China

      • Interest Rate: 2.95% p.a. (via mobile banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • ICBC

      • Interest Rate: 2.90% p.a. (via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Hong Leong Finance

    • Interest Rate: 2.60% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$5,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

    • Deposits $20,000–$49,999:

    • Maybank

      • Interest Rate: 3.05% p.a. (branch placement)

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • Bank of China

      • Interest Rate: 2.95% p.a. (via mobile banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • ICBC

      • Interest Rate: 2.90% p.a. (via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

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  • CIMB

    • Interest Rate: 2.70 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • RHB

    • Interest Rate: 2.58 – 2.68% p.a.

    • Commitment Period: 3 months or 6 months or 12 months

    • Minimum Amount: S$20,000

  • Hong Leong Finance

    • Interest Rate: 2.65% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • Standard Chartered

    • Interest Rate: 2.40 – 2.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

  • HSBC

    • Interest Rate: 2.48% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • OCBC

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

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

    • Deposits $50,000 and above:

    • Bank of China

      • Interest Rate: 2.95% p.a. (via mobile banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • ICBC

      • Interest Rate: 2.90% p.a. (via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • Citibank

      • Interest Rate: 2.90% p.a. (T&Cs apply)

      • Commitment Period: 3 months

      • Minimum Amount: S$10,000

    • CIMB

      • Interest Rate: 2.70 – 2.75% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$10,000

    • State Bank of India

      • Interest Rate: 2.65% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$50,000

    • Hong Leong Finance

      • Interest Rate: 2.60% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$50,000

    • RHB

      • Interest Rate: 2.58 – 2.68% p.a.

      • Commitment Period: 3 months or 6 months or 12 months

      • Minimum Amount: S$20,000

    • HSBC

      • Interest Rate: 2.48% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$30,000

    Read also: Earn up to 3.15% interest with the best-fixed deposit rates in Singapore this Dec 2024!

    Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites

    Featured image by Depositphotos

    Tags Jan 2025 fixed deposit rates fixed deposit best fixed deposit rates in SG

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