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

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