Think fixed deposits are only for older folks with extra cash to spare? Not anymore. These days, fixed deposits — also called time deposits — are a simple, low-risk way to grow your money for a set period while enjoying guaranteed interest. And you don’t even need a huge amount to get started. Some banks now accept as little as $500.

Although rates have come down compared to previous years, you can still find some solid offers in August 2026. Here’s our round-up of the best fixed deposit rates in Singapore right now, covering major banks like DBS, UOB, OCBC, and more.

Top Fixed Deposit Rates in Singapore (Aug 2026) If you’re flexible with how much you can deposit and how long you can commit, these are the highest rates available this month:

• DBS — 2.45% p.a. (min. $1,000, 12 months)

• Maybank — 1.75% p.a. (min. $20,000, 6 months)

• StashAway Simple Guaranteed — 1.70% p.a. (3 months, no min. deposit)

• Bank of China — 1.70% p.a. (min. $500, 3 months)

• Hong Leong Finance — 1.65% p.a. (min. $20,000, 8 or 9 months)

• CIMB — 1.60% p.a. (min. $10,000, 3 months)

• ICBC — 1.55% p.a. (min. $500, 3 or 6 months)

• UOB — 1.55% p.a. (min. $10,000, 6 months)

• OCBC — 1.50% p.a. (min. $30,000, 9 months)

• RHB — 1.40% p.a. (min. $20,000, 3 months)

• Standard Chartered — 1.35% p.a. (min. $25,000, 6 months)

• State Bank of India — 1.35% p.a. (min. $200,000, 6 months)

• HSBC — 1.20% p.a. (min. $30,000, 1 month)

Best 3-Month Fixed Deposit Rates Need a short-term place to park your cash? These banks offer some of the best rates for a 3-month period:

• Bank of China — 1.70% p.a. (min. $500)

• StashAway Simple Guaranteed — 1.70% p.a. (no min.)

• CIMB — 1.60% p.a. (min. $10,000)

• ICBC — 1.55% p.a. (min. $500)

• Citibank — 1.40% p.a. (min. $10,000)

• RHB — 1.40% p.a. (min. $20,000)

Syfe Cash+ Guaranteed Rates Although not a traditional fixed deposit, Syfe Cash+ Guaranteed invests your funds in bank deposits regulated by MAS. You’ll enjoy guaranteed returns with no minimum or maximum deposit. Rates as of 3 July 2026:

• 1 month — 1.75% p.a.

• 3 months — 1.90% p.a.

• 6 months — 1.80% p.a.

• 12 months — 1.65% p.a.

StashAway Simple Guaranteed Rates Similar to Syfe, StashAway places funds in fixed deposits with MAS-regulated banks. No min. or max. deposit amount. Rates as of 8 Aug 2026:

• 1 month — 1.65% p.a.

• 3 months — 1.70% p.a.

• 6 months — 1.60% p.a.

• 12 months — 1.55% p.a.

ICBC Fixed Deposit Highlights One of the most accessible options, ICBC offers rates of 1.55% p.a. for 3 or 6 months with just $500 via e-banking. Over-the-counter requires at least $20,000, with slightly lower rates. Bonus: No penalty for early withdrawal.

Citibank Fixed Deposit Highlights Currently at 1.40% p.a. for 3 or 6 months, min. $10,000 deposit. Promotional rates valid until 31 Aug 2026.

HSBC Fixed Deposit Highlights Rates vary from 0.95% to 1.60% p.a. depending on customer tier. For most personal banking customers, the top rate is 1.20% p.a., with a $30,000 minimum deposit.