Earn up to 3.15% interest with the best fixed deposit rates in Singapore this Dec 2024!
Depositphotos/saksitpond(for illustration purposes only)

Photo: Depositphotos/saksitpond(for illustration purposes only)

Personal Finance |
5 m read

Earn up to 3.15% interest with the best fixed deposit rates in Singapore this Dec 2024!

Mary Alavanza
Mary Alavanza
|

SINGAPORE: Make the most of 2024 as the year draws to a close and set yourself up for a stronger start in the new year! Earn up to 3.15% interest with these banks offering competitive rates this December.

Dec 2024 Highest Fixed Deposit Rates



  • Maybank

    • Interest Rate: 3.15% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  •  Syfe Cash+ Guaranteed

    • Interest Rate: 3.10% p.a.

    • Commitment Period: 1 month

    • Minimum Amount: No minimum



  •  StashAway Simple Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 1 month or 3 months

    • Minimum Amount: No minimum



  • ICBC

    • Interest Rate: 3.00% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • Bank of China

    • Interest Rate: 3.00% p.a. (via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 3 months or 6 months or 12 months or 18 months

    • Minimum Amount: S$20,000



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Hong Leong Finance

    • Interest Rate: 2.75% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000



  • Standard Chartered

    • Interest Rate: 2.55 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000



  • UOB

    • Interest Rate: 2.50% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000



  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000



  • HSBC

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$30,000



  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000




Dec 2024 Best fixed deposit rates by commitment period


3-Month commitment period:



  •  Syfe Cash+ Guaranteed

    • Interest Rate: 3.05% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum



  •  StashAway Simple Guaranteed

    • Interest Rate: 3.00% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum



  • Bank of China

    • Interest Rate: 3.00% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.00% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$20,000



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 3 month

    • Minimum Amount: S$10,000



  • Citibank

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$50,000




6-Month commitment period:



  • Maybank

    • Interest Rate: 3.15% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.8% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: No minimum



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000



  • Bank of China

    • Interest Rate: 2.75% p.a.(via mobile banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 2.45% p.a.(via e-banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$500



  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000




12-Month commitment period:



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000



  • Maybank

    • Interest Rate: 2.80% p.a. (branch placement)

    • Commitment Period: 12 months

    • Minimum Amount: S$20,000



  • Syfe Cash+ Guaranteed

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum



  • StashAway Simple Guaranteed

    • Interest Rate: 2.65% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: No minimum



  • Bank of China

    • Interest Rate: 2.60% p.a.(via mobile banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$500



  • CIMB

    • Interest Rate: 2.55 – 2.60% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$10,000



  • ICBC

    • Interest Rate: 2.30% p.a.(via e-banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$500



  • OCBC

    • Interest Rate: 2.30% p.a. (internet banking)

    • Commitment Period: 12 months

    • Minimum Amount: S$30,000




Dec 2024 Best fixed deposit rates by minimum deposit


Deposits $10,000 and under:



  • Bank of China

    • Interest Rate: 3.00% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.00% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Hong Leong Finance

    • Interest Rate: 2.65% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$5,000



  • UOB

    • Interest Rate: 2.50% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000



  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000




Deposits $20,000–$49,999:



  • Maybank

    • Interest Rate: 3.15% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • Bank of China

    • Interest Rate: 3.00% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.00% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 3 months or 6 months or 12 months or 18 months

    • Minimum Amount: S$20,000



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Standard Chartered

    • Interest Rate: 2.55 – 2.75% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000



  • Hong Leong Finance

    • Interest Rate: 2.70% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000



  • HSBC

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$30,000



  • OCBC

    • Interest Rate: 2.45% p.a. (internet banking)

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000




Deposits $50,000 and above:



  • Bank of China

    • Interest Rate: 3.00% p.a.(via mobile banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • ICBC

    • Interest Rate: 3.00% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500



  • RHB

    • Interest Rate: 2.90 – 3.00% p.a.

    • Commitment Period: 3 months or 6 months or 12 months or 18 months

    • Minimum Amount: S$20,000



  • CIMB

    • Interest Rate: 2.75 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$10,000



  • Hong Leong Finance

    • Interest Rate: 2.75% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000



  • HSBC

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$30,000



  • Citibank

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$50,000




Read also: Best fixed deposit rates in Singapore for Nov 2024: Earn up to 3.25% interest!

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Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites

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