Best fixed deposit rates in Singapore for April 2024
Depositphotos/SergPoznanskiy(for illustration purposes only)

Photo: Depositphotos/SergPoznanskiy(for illustration purposes only)

Features |
5 m read

Best fixed deposit rates in Singapore for April 2024

Mary Alavanza
Mary Alavanza
|

SINGAPORE: Fixed deposits are typically associated with stability and predictability while providing financial growth.

Although Singapore is feeling the heat this summer and bracing for a hotter year, you can chill as your money grows with fixed deposits starting at S$500.

Check out the best-fixed deposit rates for April 2024 in Singapore, as per MoneySmart.

April 2024 Highest Fixed Deposit Rates


The highest fixed deposit rates include:

  • Syfe Cash+ Guaranteed

    • Interest Rate: 3.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 3.75% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum



  • Bank of China

    • Interest Rate: 3.35% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.35% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • HSBC

    • Interest Rate: 3.25% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$100,000



  • CIMB

    • Interest Rate: 3.25-3.30% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • State Bank of India

    • Interest Rate: 3.20% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$50,000



  • RHB

    • Interest Rate: 3.15-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000




April 2024 Best fixed deposit rates by commitment period


3-Month commitment period:


For a 3-month commitment period, consider:

  • Syfe Cash+ Guaranteed

    • Interest Rate: 3.80% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 3.75% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum



  • Citibank

    • Interest Rate: 3.30% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$50,000



  • HSBC

    • Interest Rate: 3.25% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$100,000



  • Bank of China

    • Interest Rate: 3.35% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.35% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500




6-Month commitment period:


For a 6-month commitment period, consider:

  • Syfe Cash+ Guaranteed

    • Interest Rate: 3.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 3.60% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum



  • Bank of China

    • Interest Rate: 3.20% p.a.(via mobile banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500



  • CIMB

    • Interest Rate: 3.25-3.30% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000



  • RHB

    • Interest Rate: 3.15-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • Standard Chartered

    • Interest Rate: 3.00-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000



  • OCBC

    • Interest Rate: 2.90% p.a.(internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000




12-Month commitment period:


For a 12-month commitment period, consider:

  • Syfe Cash+ Guaranteed

    • Interest Rate: 3.50% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 3.50% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum



  • Bank of China

    • Interest Rate: 3.10% p.a.(via mobile banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$500



  • CIMB

    • Interest Rate: 2.95-3.00% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$10,000



  • RHB

    • Interest Rate: 3.00-3.05% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000



  • Maybank

    • Interest Rate: 2.60% p.a.(online placement)

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000




April 2024 Best fixed deposit rates by minimum deposit


Deposits $10,000 and under:


For deposits $10,000 and under, check out:

  • CIMB

    • Interest Rate: 3.25-3.30% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Bank of China

    • Interest Rate: 3.35% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.35% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • DBS

    • Interest Rate: 3.20% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000



  • UOB

    • Interest Rate: 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000




Deposits $20,000–$49,999:


For deposits $20,000–$49,999, check out:

  • CIMB

    • Interest Rate: 3.25-3.30% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Bank of China

    • Interest Rate: 3.35% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.35% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 3.15-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • Standard Chartered

    • Interest Rate: 3.00-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000




Deposits $50,000 and above:


For deposits $50,000 and above, check out:

  • State Bank of India

    • Interest Rate: 3.20% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$50,000



  • CIMB

    • Interest Rate: 3.25-3.30% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Citibank

    • Interest Rate: 3.30% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$50,000



  • HSBC

    • Interest Rate: 3.25% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$100,000



  • Bank of China

    • Interest Rate: 3.35% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.35% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 3.15-3.20% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • DBS

    • Interest Rate: 3.20% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000



  • Hong Leong Finance

    • Interest Rate: 2.95% p.a.

    • Commitment Period: 3 months or 4 months

    • Minimum Amount: S$50,000




Find your best fixed deposit rate, and relax as your money grows! /TISG

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