Singapura Finance
Retail fresh-funds promo1.55%p.a.
Your S$20,000 earns ≈ S$310 in 12 months
Clean FDFresh fundsVerify at placement
Requires a S$200 savings account; premature withdrawal earns NO interest.
Fixed deposit rates, July 2026 — audited
Pick your amount and tenure and watch the market re-rank. We audited 25+ banks and finance companies from their official pages (research cut-off 14 July 2026) and split the market into honest lanes — because the highest headline is often not the best deposit: many big numbers hide savings earmarks, investment purchases, new-customer quotas or one-month windows.
A newer snapshot is available: fixed deposit rates — August 2026. The 1.55% market leader shown below was withdrawn in late July; this page is kept as an archive.
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9 offers fit S$20,000 for 12 months — the best pays 1.55% ≈ S$310 interest
ICBC
E-banking promo (top tier)1.45%p.a.
Your S$20,000 earns ≈ S$290 in 12 months
Clean FD
Top 1.45% tier needs S$20,000 — at S$500 you get 1.15–1.30% depending on tenure.
CIMB
Personal Banking online1.45%p.a.
Your S$20,000 earns ≈ S$290 in 12 months
Clean FD
Early termination pays only completed interest quarters.
RHB
Personal Banking1.45%p.a.
Your S$20,000 earns ≈ S$290 in 12 months
Clean FD
Campaign eligibility applies to new placements and renewals.
Maybank
Standalone time deposit1.45%p.a.
Your S$20,000 earns ≈ S$290 in 12 months
Clean FD
Don't confuse with the 1.65% bundle — that needs earmarked savings. Withdrawal at ≤3 months earns no interest.
Hong Leong Finance
Branch/online promo1.35%p.a.
Your S$20,000 earns ≈ S$270 in 12 months
Clean FD
Better tiers from S$20,000; eligible renewals included.
Sing Investments & Finance
Online fresh funds1.33%p.a.
Your S$20,000 earns ≈ S$266 in 12 months
Clean FDFresh funds
Rate depends on amount and channel tiers.
UOB
Public promo1.30%p.a.
Your S$20,000 earns ≈ S$260 in 12 months
Clean FDFresh funds
Extra +0.05% only for customers already holding eligible wealth products (1.35% for 12m).
OCBC
Online FD1.20%p.a.
Your S$20,000 earns ≈ S$240 in 12 months
Clean FD
Early withdrawal may attract a fee and reduced or zero interest. The separate 88-day savings promo is NOT an FD.
The catches behind the big headlines
Snapshot verified 14 July 2026. Rates change without notice — the rate confirmed in the bank’s app, branch or placement confirmation is the one that binds. Interest figures are simple approximations; banks’ day-count conventions differ.
Deposit insurance in one minute
- S$100,000 per depositor per bank — combined across savings, current and fixed deposits at that institution, not per account.
- Finance-company deposits (Singapura Finance, Hong Leong Finance, Sing Investments) are covered under the same SDIC scheme where the company is a Scheme member.
- Foreign-currency deposits and investment products are not covered.
- Holding more than S$100,000 at one bank can still be reasonable — but the excess is an unsecured exposure, so make it a conscious choice.
Deciding between an FD, SSB, T-bill or insurance savings plan?
A licensed adviser can help you:
- Weigh fixed deposits against Singapore Savings Bonds and T-bills at your exact amount and horizon
- Judge bundle offers honestly — whether the linked insurance or investment stands on its own
- Structure cash so deposit insurance actually covers you
Are you an adviser? This is the simple public version. Join AdvisorOS for the advanced calculators, AI-assisted client reviews and the full workspace behind these tools.
Quick answers
What is the best fixed deposit rate in Singapore in July 2026?The best clean standalone SGD fixed deposit rate in July 2026 is 1.55% p.a. for a 12- or 13-month tenure from Singapura Finance, on a minimum S$20,000 of fresh funds placed over the counter. SBI Singapore offers the best clean 6-month rate at 1.50% p.a. on a S$50,000 minimum.
Are high fixed deposit headline rates like 8.08% real?Headline rates such as DBS 8.08%, Citi 3.50% or Maybank 1.65% are not clean SGD fixed deposits. They require foreign-currency deposits, large investment or insurance purchases, or a lower-rate linked savings balance. On total committed capital, most resolve to around 1.5% or come with product costs that exceed the extra interest.
Is my fixed deposit protected in Singapore?SGD fixed deposits are covered by the Singapore Deposit Insurance Corporation (SDIC) up to S$100,000 per depositor per Scheme member, aggregated across your savings, current and fixed deposits at that institution. Finance-company deposits are covered where the company is a Scheme member; foreign-currency deposits are not covered.
What happens if I withdraw a fixed deposit early?Premature withdrawal of a Singapore fixed deposit commonly results in no interest or sharply reduced interest, and some promotions require the deposit to be held to maturity to earn the advertised rate. Always check the early-withdrawal terms before placing funds.
Official sources
- DBS/POSB SGD fixed deposit rates
- OCBC fixed deposit account
- UOB SGD fixed deposit promotion
- Maybank SGD time deposit promotion
- CIMB SGD fixed deposit
- RHB fixed deposit campaign
- Standard Chartered SGD time deposit
- HSBC time deposit
- Citibank fixed deposit account
- Bank of China time deposit promotion
- ICBC SGD deposit promotion
- SBI Singapore promotions
- Singapura Finance FD promotion
- Sing Investments & Finance fixed deposits
- Hong Leong Finance FD promotion
- MariBank new-user FD promo
- GXS savings account & Boost Pocket
- SDIC deposit insurance scheme
Rates are a point-in-time snapshot verified 14 July 2026from official institution pages; campaigns change weekly and some banks show the binding rate only in-app or at placement. Offers that could not be fully verified are flagged “verify at placement” or excluded. This is market research for education and comparison — not a recommendation or an invitation to place deposits. Confirm the live rate and terms with the institution before placing funds.