Best fixed deposit rates in Singapore for Nov 2024: Earn up to 3.25% interest!
Depositphotos/szefei(for illustration purposes only)

Photo: Depositphotos/szefei(for illustration purposes only)

Personal Finance |
5 m read

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

Mary Alavanza
By Mary Alavanza
|
SINGAPORE: Make the most of your savings before the year ends with this month’s best-fixed deposit interest rates. Here are some banks offering competitive rates in November 2024.

Nov 2024 Highest Fixed Deposit Rates

  • Maybank
    • Interest Rate: 3.25% p.a.(branch placement)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  •  StashAway Simple Guaranteed
    • Interest Rate: 3.10% p.a.
    • Commitment Period: 1 month
    • Minimum Amount: No minimum
  •  Syfe Cash+ Guaranteed
    • Interest Rate: 3.10% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: No minimum
  • DBS
    • Interest Rate: 3.20% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$1,000
  • Bank of China
    • Interest Rate: 3.00% p.a. (via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • HSBC
    • Interest Rate: 2.65% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$30,000
  • Hong Leong Finance
    • Interest Rate: 2.80% p.a.
    • Commitment Period: 7 months or 8 months
    • Minimum Amount: S$50,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • ICBC
    • Interest Rate: 2.80% p.a. (via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.85 – 2.90% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$20,000
  • OCBC
    • Interest Rate: 2.60% p.a.(internet banking)
    • Commitment Period: 6 months
    • Minimum Amount: S$30,000
  • Standard Chartered
    • Interest Rate: 2.55 – 2.75% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$25,000
  • UOB
    • Interest Rate: 2.60% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000

Nov 2024 Best fixed deposit rates by commitment period

3-Month commitment period:

  •  Syfe Cash+ Guaranteed
    • Interest Rate: 3.10% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: No minimum
  •  StashAway Simple Guaranteed
    • Interest Rate: 3.05% 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
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 month
    • Minimum Amount: S$10,000
  • ICBC
    • Interest Rate: 2.80% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.85 – 2.90% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$20,000
  • Citibank
    • Interest Rate: 2.40% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$50,000

6-Month commitment period:

  • Syfe Cash+ Guaranteed
    • Interest Rate: 2.95% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: No minimum
  • StashAway Simple Guaranteed
    • Interest Rate: 2.95% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: No minimum
  • 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
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000
  • Maybank
    • Interest Rate: 3.25% p.a.(branch placement)
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • RHB
    • Interest Rate: 2.85 – 2.90% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$20,000
  • OCBC
    • Interest Rate: 2.60% p.a.(internet banking)
    • Commitment Period: 6 months
    • Minimum Amount: S$30,000
  • State Bank of India
    • Interest Rate: 2.90% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$50,000

12-Month commitment period:

  • DBS
    • Interest Rate: 3.20% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$1,000
  • Syfe Cash+ Guaranteed
    • Interest Rate: 2.80% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: No minimum
  • StashAway Simple Guaranteed
    • Interest Rate: 2.80% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: No minimum
  • Bank of China
    • Interest Rate: 2.50% p.a.(via mobile banking)
    • Commitment Period: 12 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 2.30% p.a.(via e-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
  • Maybank
    • Interest Rate: 2.95% p.a.(branch placement)
    • Commitment Period: 12 months
    • Minimum Amount: S$20,000
  • RHB
    • Interest Rate: 2.60 – 2.65% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$20,000
  • OCBC
    • Interest Rate: 2.50% p.a.(internet banking)
    • Commitment Period: 12 months
    • Minimum Amount: S$30,000

Nov 2024 Best fixed deposit rates by minimum deposit

Deposits $10,000 and under:

  • DBS
    • Interest Rate: 3.20% p.a.
    • Commitment Period: 12 months
    • Minimum Amount: S$1,000
  • Bank of China
    • Interest Rate: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 2.80% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • Hong Leong Finance
    • Interest Rate: 2.70% p.a.
    • Commitment Period: 7 months or 8 months
    • Minimum Amount: S$5,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • UOB
    • Interest Rate: 2.60% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$10,000

Deposits $20,000–$49,999:

  • Maybank
    • Interest Rate: 3.25% 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: 2.80% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • HSBC
    • Interest Rate: 2.65% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$30,000
  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • RHB
    • Interest Rate: 2.85 – 2.90% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$20,000
  • Standard Chartered
    • Interest Rate: 2.55 – 2.75% p.a.
    • Commitment Period: 6 months
    • Minimum Amount: S$25,000
  • OCBC
    • Interest Rate: 2.60% p.a.(internet banking)
    • Commitment Period: 6 months
    • Minimum Amount: S$30,000
  • Hong Leong Finance
    • Interest Rate: 2.75% p.a.
    • Commitment Period: 7 months or 8 months
    • Minimum Amount: S$20,000

Deposits $50,000 and above:

  • CIMB
    • Interest Rate: 2.75 – 2.80% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$10,000
  • Citibank
    • Interest Rate: 2.40% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$50,000
  • HSBC
    • Interest Rate: 2.65% p.a.
    • Commitment Period: 3 months
    • Minimum Amount: S$30,000
  • Bank of China
    • Interest Rate: 3.00% p.a.(via mobile banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • ICBC
    • Interest Rate: 2.80% p.a.(via e-banking)
    • Commitment Period: 3 months
    • Minimum Amount: S$500
  • RHB
    • Interest Rate: 2.85 – 2.90% p.a.
    • Commitment Period: 3 months or 6 months
    • Minimum Amount: S$20,000
  • Hong Leong Finance
    • Interest Rate: 2.80% p.a.
    • Commitment Period: 7 months or 8 months
    • Minimum Amount: S$50,000
Read also: Up to 3.45% interest rate! Best fixed deposit rates in Singapore for Oct 2024 Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites Featured image by Depositphotos

Newsletter

Get updates straight to your inbox

Tags fixed deposit nov 2024 fixed deposit rates best fixed deposit rates in SG
Loading next article…

Popular Categories

In the Hood | Asia This Week | Singapore Politics | SG Economy | Relationships