Best 3-Month Fixed Deposits Singapore 2026
Maximize your short-term savings with Singapore's highest 3-month fixed deposit rates. Perfect for quarterly investment cycles and maintaining liquidity.
Short-Term Focus: 3-month FDs offer flexibility with competitive returns, ideal for parking funds temporarily or testing new bank relationships.
Current 3-Month Fixed Deposit Rates
| Bank | Interest Rate | Minimum Amount | Interest Earned* | Promotion |
|---|---|---|---|---|
Trust Bank Digital Bank | 2.60% p.a. | S$1,000 | S$65 | New customer rate |
MariBank Digital Bank | 2.55% p.a. | S$1,000 | S$64 | Limited time |
UOB Local Bank | 2.45% p.a. | S$10,000 | S$61 | Standard rate |
DBS Local Bank | 2.40% p.a. | S$1,000 | S$60 | Standard rate |
OCBC Local Bank | 2.35% p.a. | S$1,000 | S$59 | Standard rate |
Maybank Foreign Bank | 2.30% p.a. | S$1,000 | S$58 | Standard rate |
*Interest earned on S$10,000 deposit for 3 months
🏆 Best 3-Month FD Rate
Trust Bank Fixed Deposit
2.60% p.a. with minimum S$1,000 deposit
When to Choose 3-Month Fixed Deposits
✓ Ideal Scenarios
- •Emergency Fund Parking: Earn interest while maintaining quarterly access
- •Bonus/Tax Refund: Park windfall money for short-term growth
- •House Down Payment: Grow savings while searching for property
- •Testing New Banks: Try bank services with lower commitment
- •Rate Speculation: Wait for potentially higher rates in 3 months
- •Quarterly Business Funds: Earn on business reserves
✗ Not Suitable For
- •Long-term Savings: Better rates available for longer terms
- •Frequent Access Needs: Use high-yield savings instead
- •Very Small Amounts: Minimum deposits may be prohibitive
- •Risk Tolerance: Consider investments for potentially higher returns
- •Immediate Liquidity: Emergency funds should remain accessible
- •Inflation Hedging: 3-month rates may not beat inflation
Digital Banks vs Traditional Banks
Digital Banks
Trust Bank
- • 2.60% p.a. (new customers)
- • Minimum: S$1,000
- • 100% digital application
- • Quick processing
MariBank
- • 2.55% p.a. (promotional)
- • Minimum: S$1,000
- • Flexi deposit features
- • Mobile-first experience
Advantages: Higher rates, lower minimums, faster processing, innovative features
Traditional Banks
UOB Bank
- • 2.45% p.a. (standard)
- • Minimum: S$10,000
- • Branch and online service
- • Established reputation
DBS Bank
- • 2.40% p.a. (standard)
- • Minimum: S$1,000
- • Comprehensive banking
- • Award-winning digital platform
Advantages: Established reputation, comprehensive services, physical branches, deposit insurance
3-Month FD Interest Calculator
Interest Earnings Examples
S$5,000 Deposit
S$25,000 Deposit
Calculation Formula
Simple Interest Formula:
Interest = Principal × Rate × (Days ÷ 365)
Rate: 2.60% p.a.
Period: 90 days (3 months)
Interest = S$10,000 × 0.026 × (90 ÷ 365)
Interest = S$64.11
How to Apply for 3-Month Fixed Deposits
Choose Bank & Rate
Compare rates and terms. Consider minimum deposits and bank reputation. Digital banks often offer higher rates.
Submit Application
Apply online or visit branch. Provide NRIC, proof of funds source, and initial deposit amount.
Deposit & Confirm
Transfer funds and receive confirmation. Your deposit is locked for 3 months earning guaranteed interest.
Required Documents
- • Singapore NRIC or valid identification
- • Proof of funds source (salary slip, bank statements)
- • Existing bank account for fund transfer
- • Contact details and residential address
Early Withdrawal Penalties
| Bank | Penalty Rate | Interest Forfeited | Processing Fee |
|---|---|---|---|
| Trust Bank | 0.05% p.a. | All accrued interest | S$10 |
| MariBank | 0.05% p.a. | All accrued interest | S$5 |
| DBS | 0.125% p.a. | All accrued interest | S$25 |
| UOB | 0.125% p.a. | All accrued interest | S$25 |
| OCBC | 0.125% p.a. | All accrued interest | S$25 |
Important Notice
Early withdrawal typically results in loss of ALL accrued interest plus penalty fees. Only consider FDs if you're certain you won't need the funds for the full 3-month term.
Expert Tips for 3-Month Fixed Deposits
Maximizing Returns
- • Compare promotional rates for new customers
- • Consider digital banks for higher rates
- • Time deposits around bonus or tax refund seasons
- • Monitor rate changes and redeposit strategically
Risk Management
- • Only deposit funds you won't need for 3 months
- • Keep emergency funds separate and accessible
- • Understand early withdrawal penalties
- • Diversify across multiple banks if depositing large amounts
Ready to Start Your 3-Month Fixed Deposit?
Compare Singapore's best 3-month fixed deposit rates and start earning guaranteed returns today.