Fixed Deposit Calculator
Calculate your fixed deposit returns and compare different investment scenarios. Plan your savings strategy with our comprehensive FD calculator.
Calculator Settings
Investment Summary
Monthly Breakdown
| Month | Balance | Interest Earned | Total Interest |
|---|---|---|---|
| 1 | $10,027.08 | +$27.08 | $27.08 |
| 2 | $10,054.24 | +$27.16 | $54.24 |
| 3 | $10,081.47 | +$27.23 | $81.47 |
| 4 | $10,108.77 | +$27.30 | $108.77 |
| 5 | $10,136.15 | +$27.38 | $136.15 |
| 6 | $10,163.60 | +$27.45 | $163.60 |
| 7 | $10,191.13 | +$27.53 | $191.13 |
| 8 | $10,218.73 | +$27.60 | $218.73 |
| 9 | $10,246.41 | +$27.68 | $246.41 |
| 10 | $10,274.16 | +$27.75 | $274.16 |
| 11 | $10,301.98 | +$27.83 | $301.98 |
| 12 | $10,329.89 | +$27.90 | $329.89 |
Important Notes
• Fixed deposit rates are subject to change and may vary by bank and promotion periods
• Early withdrawal may result in penalty charges and reduced interest rates
• Interest earned is subject to withholding tax for non-residents
• Deposits are protected under SDIC up to S$100,000 per depositor per bank
Current Singapore Fixed Deposit Rates (January 2026)
| Bank | 6 Months | 12 Months | 24 Months | Min. Amount |
|---|---|---|---|---|
| MariBank | 3.50% | 3.60% | 3.40% | No minimum |
| Trust Bank | 3.40% | 3.50% | 3.30% | No minimum |
| DBS | 3.20% | 3.20% | 3.00% | S$20,000 |
| UOB | 3.15% | 3.10% | 2.95% | S$20,000 |
| OCBC | 3.15% | 3.05% | 2.90% | S$20,000 |
| HSBC | 3.00% | 2.95% | 2.85% | S$30,000 |
*Rates as of January 2026. Subject to change. Promotional rates may require new funds.
Fixed Deposit Calculator FAQs
How do I calculate fixed deposit interest in Singapore?
To calculate fixed deposit interest, use the formula: Interest = Principal × (Rate/100) × (Tenure/12). For example, S$10,000 at 3.2% for 12 months earns S$320 in interest. Our calculator automatically computes this including compound interest effects.
What is the best fixed deposit rate in Singapore 2026?
The best fixed deposit rates in Singapore 2026 range from 3.0% to 3.6% p.a. depending on bank and tenure. Digital banks like MariBank and Trust Bank often offer higher rates. DBS, UOB, and OCBC promotional rates reach up to 3.2% for 12-month deposits.
Which Singapore bank has the highest FD rate?
Digital banks typically offer the highest FD rates - MariBank up to 3.6%, Trust Bank up to 3.5%. Among traditional banks, promotional rates from DBS, UOB, and OCBC reach 3.0-3.2% for larger deposits (S$20,000+).
Is fixed deposit interest taxable in Singapore?
For Singapore tax residents, interest earned from Singapore bank fixed deposits is not taxable. However, non-residents may be subject to withholding tax. Always consult a tax professional for your specific situation.
What is the minimum fixed deposit amount in Singapore?
Minimum fixed deposit amounts vary by bank: most traditional banks require S$1,000 minimum, while digital banks like MariBank have no minimum. Promotional rates often require higher minimums of S$20,000 or more.
Can I withdraw fixed deposit early in Singapore?
Yes, but early withdrawal typically results in penalty fees and reduced interest rates. Some banks like MariBank offer Flexi Deposits that allow early withdrawal without penalty. Check your bank's terms before placing a fixed deposit.