Interest Rates Singapore 2026Complete Guide to Bank Rates, SORA & MAS Policy
Everything you need to know about Singapore interest rates. Current SORA rates, bank comparison, MAS monetary policy impact, and expert predictions for 2026-2026.
3M SORA:3.267%
Best FD:3.8%
Last updated: September 28, 2026 | Next update: Daily 10:00 AM SGT
Current Singapore Interest Rates (September 2026)
SORA Rates (MAS Benchmark)
Overnight SORA
3.185%
+0.025%
1-Month SORA
3.234%
+0.018%
3-Month SORA
3.267%
+0.012%
6-Month SORA
3.298%
+0.008%
Fixed Deposit Rates
1 Month
2.8-3.2%
Stable
3 Months
3.0-3.4%
+0.1%
6 Months
3.1-3.5%
+0.15%
12 Months
3.2-3.8%
+0.2%
Savings Account Rates
Base Savings Rate
0.05-0.1%
Unchanged
High-Yield (OCBC 360)
Up to 3.05%
Stable
Digital Banks
2.5-2.8%
Competitive
Foreign Currency
0.1-0.8%
Varies
Home Loan Rates
SORA + 0.75%
3.9-4.1%
+0.05%
2-Year Fixed
3.85-4.2%
+0.1%
3-Year Fixed
3.95-4.3%
+0.12%
HDB Loan
2.6%
Unchanged
How MAS Monetary Policy Affects Your Money
MAS Current Stance: Neutral
MAS maintains a neutral monetary policy stance as of September 2026, balancing inflation control with economic growth. Next policy review: October 2026.
MAS Tightens Policy (Rate Rise)
SORA Impact:
+0.25% to +0.50%
Savings Impact:
Higher FD rates, better savings returns
Loan Impact:
Higher mortgage payments, costlier loans
Timeline:
1-3 months
Probability:Low (Currently)
MAS Maintains Neutral
SORA Impact:
Stable ±0.1%
Savings Impact:
Current rates maintained
Loan Impact:
Predictable loan costs
Timeline:
Ongoing
Probability:High (2026)
MAS Accommodative (Rate Cut)
SORA Impact:
-0.25% to -0.50%
Savings Impact:
Lower FD rates, reduced returns
Loan Impact:
Cheaper mortgages, lower loan costs
Timeline:
1-3 months
Probability:Medium (If recession)
Interest Rate Forecasts 2026-2026
| Period | SORA Forecast | FD Rates | Home Loans | Confidence |
|---|---|---|---|---|
| Q4 2026 | 3.2-3.4% | 3.5-4.0% | 4.0-4.4% | High |
| Q1 2026 | 3.1-3.5% | 3.4-4.1% | 3.9-4.5% | Medium |
| Q2-Q3 2026 | 3.0-3.6% | 3.3-4.2% | 3.8-4.6% | Low |
Key Factors: US Federal Reserve policy, Singapore GDP growth, global economic stability, inflation trends, geopolitical developments
Major Singapore Banks Rate Comparison
| Bank | FD (12M) | Best Savings Rate | Home Loan (SORA) | Key Strengths |
|---|---|---|---|---|
| DBS | 3.45% | 2.5% (Multiplier) | SORA + 0.75% |
|
| OCBC | 3.40% | 3.05% (360 Account) | SORA + 0.80% |
|
| UOB | 3.35% | 2.0% (One Account) | SORA + 0.85% |
|
| Trust Bank | 3.50% | 2.5% | Not available |
|
What You Should Do Now
For Savers
- • Lock in current high FD rates (3.5-3.8%)
- • Optimize savings accounts (OCBC 360, Trust Bank)
- • Consider rate laddering strategy
- • Monitor MAS policy announcements
For Home Buyers
- • Consider fixed rate loans if rates expected to rise
- • SORA-based loans currently competitive
- • Review existing home loan packages
- • Calculate refinancing opportunities
For Investors
- • Diversify across rate environments
- • Consider REITs sensitive to interest rates
- • Monitor USD/SGD for FX impact
- • Use rate predictions for planning
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