Best Fixed Deposit Rates
Singapore 2025
Compare the highest fixed deposit rates from all major Singapore banks. Updated 20 October 2025 with the latest promotional offers.
October 2025 Quick Summary
Key Insight: Digital banks (Trust Bank, MariBank, GXS) continue to offer 0.1-0.3% higher rates than traditional banks. SORA-linked rates remain in the 3.2-3.5% range as MAS maintains steady monetary policy.
Table of Contents
Top Fixed Deposit Rates by Tenure
Fixed deposit rates vary significantly based on tenure (deposit period). Here's a comprehensive breakdown of the best rates available across different time horizons as of October 2025.
Best 3-Month FD Rates
| Bank | Interest Rate p.a. | Minimum Deposit | Conditions |
|---|---|---|---|
| OCBC | 3.40% | S$30,000 | New funds, promotional |
| Trust Bank | 3.35% | S$20,000 | Standard rate |
| MariBank | 3.30% | S$10,000 | Standard rate |
| DBS | 3.25% | S$20,000 | Standard rate |
| UOB | 3.20% | S$20,000 | Standard rate |
* Rates accurate as of 20 October 2025. Subject to change. Check with individual banks for current offers.
Best 6-Month FD Rates
| Bank | Interest Rate p.a. | Minimum Deposit | Conditions |
|---|---|---|---|
| DBS | 3.50% | S$25,000 | New funds only |
| Trust Bank | 3.45% | S$20,000 | Standard rate |
| OCBC | 3.40% | S$30,000 | New funds |
| GXS Bank | 3.38% | S$10,000 | Standard rate |
| MariBank | 3.35% | S$10,000 | Standard rate |
Best 12-Month FD Rates (Most Popular)
| Bank | Interest Rate p.a. | Minimum Deposit | Interest Earned (S$50K) |
|---|---|---|---|
| Trust Bank | 3.60% | S$25,000 | S$1,800 |
| DBS | 3.50% | S$20,000 | S$1,750 |
| MariBank | 3.45% | S$15,000 | S$1,725 |
| OCBC | 3.40% | S$30,000 | S$1,700 |
| UOB | 3.30% | S$20,000 | S$1,650 |
| Citibank | 3.25% | S$25,000 | S$1,625 |
💡 Pro Tip: A difference of 0.35% on S$50,000 over 12 months equals S$175. Always compare across banks before committing funds.
Best 24-Month FD Rates
| Bank | Interest Rate p.a. | Minimum Deposit | Total Interest (S$100K) |
|---|---|---|---|
| UOB | 3.30% | S$50,000 | S$6,600 |
| OCBC | 3.25% | S$50,000 | S$6,500 |
| DBS | 3.20% | S$50,000 | S$6,400 |
Note: 24-month rates are typically lower than 12-month rates due to inverted yield curve expectations. Consider FD laddering instead.
Digital Bank Fixed Deposit Comparison
Digital banks (Trust Bank, MariBank, GXS Bank) have disrupted the Singapore FD market with consistently higher rates and lower minimum deposits. Here's why they can offer better rates and whether they're safe for your deposits.
Trust Bank
- Min deposit: S$25,000
- SDIC protected up to S$100K
- Backed by Standard Chartered
- 100% digital, 24/7 access
MariBank
- Min deposit: S$15,000
- SDIC protected up to S$100K
- Backed by SEA Group
- Competitive rates across tenures
GXS Bank
- Min deposit: S$10,000
- SDIC protected up to S$100K
- Backed by Grab Holdings
- Flexible tenures available
Are Digital Banks Safe?
Yes. All digital banks in Singapore hold full banking licenses from MAS (Monetary Authority of Singapore) and are covered by SDIC (Singapore Deposit Insurance Corporation) up to S$100,000 per depositor per bank.
- Same protection as traditional banks - S$100,000 SDIC coverage automatic and free
- Strong backing - Trust Bank (Standard Chartered), MariBank (SEA Group), GXS (Grab)
- MAS supervision - Same regulatory oversight as DBS, OCBC, UOB
Ready to Compare All FD Rates?
Use our comprehensive comparison tool to find the best fixed deposit rates from all Singapore banks. Updated daily with the latest offers.
Disclaimer: The information provided is accurate as of 20 October 2025. Fixed deposit rates are subject to change without notice. Always verify current rates directly with the respective banks before making deposit decisions. InterestRates.sg is not responsible for any decisions made based on this information.
Deposit Insurance: Deposits are insured by SDIC up to S$100,000 per depositor per bank. Coverage is automatic and free for all SGD deposits.