Get up to 2.90% interest with the best-fixed deposit rates in Singapore for March 2025
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Personal Finance |
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Get up to 2.90% interest with the best-fixed deposit rates in Singapore for March 2025

Mary Alavanza
By Mary Alavanza
|
SINGAPORE: Singapore banks are offering fixed deposit rates of up to 2.90% this March, giving savers a chance to grow their money with a minimum deposit starting at S$500. Here are some of the best options available!

March 2025 Highest Fixed Deposit Rates

  • Maybank

    • Interest Rate: 2.90% p.a. (branch placement)

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • State Bank of India

    • Interest Rate: 2.85% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  •  Syfe Cash+ Guaranteed

    • Interest Rate: 2.75% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: No minimum

  •  StashAway Simple Guaranteed

    • Interest Rate: 2.75% p.a.

    • Commitment Period: 1 month

    • Minimum Amount: No minimum

  • Bank of China

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • RHB

    • Interest Rate: 2.70 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$20,000

  • ICBC

    • Interest Rate: 2.65% p.a. (via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Hong Leong Finance

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

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • HSBC

    • Interest Rate: 2.55% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$200,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000

  • CIMB

    • Interest Rate: 2.40 – 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Citibank

    • Interest Rate: 2.40% p.a. (T&Cs apply)

    • Commitment Period: 3 months or 6 months

  • Minimum Amount: S$50,000

  • OCBC

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

    • Commitment Period: 9 months

    • Minimum Amount: S$30,000

  • Standard Chartered

    • Interest Rate: 2.20 – 2.30% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

    • March 2025 Best fixed deposit rates by commitment period

    3-Month commitment period:

    •  Syfe Cash+ Guaranteed

      • Interest Rate: 2.75% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: No minimum

    • Bank of China

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

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • RHB

      • Interest Rate: 2.70 – 2.80% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$20,000

    •  StashAway Simple Guaranteed

      • Interest Rate: 2.70% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: No minimum

    • ICBC

      • Interest Rate: 2.65% p.a.(via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • CIMB

      • Interest Rate: 2.40 – 2.45% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$10,000

    • Citibank

      • Interest Rate: 2.40% p.a. (T&Cs apply)

      • Commitment Period: 3 months

      • Minimum Amount: S$50,000

    • HSBC

      • Interest Rate: 2.40% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$200,000

    6-Month commitment period:

    • Maybank

      • Interest Rate: 2.90% p.a. (branch placement)

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • State Bank of India

      • Interest Rate: 2.85% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$50,000

    • RHB

      • Interest Rate: 2.70 – 2.80% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • Syfe Cash+ Guaranteed

      • Interest Rate: 2.70% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: No minimum

    • Hong Leong Finance

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

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • StashAway Simple Guaranteed

      • Interest Rate: 2.60% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: No minimum

    • Bank of China

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

      • Commitment Period: 6 months

      • Minimum Amount: S$500

    • HSBC

      • Interest Rate: 2.55% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$200,000

  • ICBC

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

    • Commitment Period: 6 months

    • Minimum Amount: S$500

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

  • Citibank

    • Interest Rate: 2.40% p.a. (T&Cs apply)

    • Commitment Period: 6 months

    • Minimum Amount: S$50,000

  • CIMB

    • Interest Rate: 2.25– 2.30% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

    • 12-Month commitment period:

    • State Bank of India

      • Interest Rate: 2.75% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$50,000

    • Maybank

      • Interest Rate: 2.70% p.a. (branch placement)

      • Commitment Period: 12 months

      • Minimum Amount: S$20,000

    • Bank of China

      • Interest Rate: 2.65% p.a.(via mobile banking)

      • Commitment Period: 12 months

      • Minimum Amount: S$500

    • RHB

      • Interest Rate: 2.60 – 2.70% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$20,000

    • StashAway Simple Guaranteed

      • Interest Rate: 2.55% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: No minimum

    • Hong Leong Finance

      • Interest Rate: 2.55% p.a. (online fixed deposit special)

      • Commitment Period: 12 months

      • Minimum Amount: S$20,000

    • HSBC

      • Interest Rate: 2.40% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$200,000

    • Syfe Cash+ Guaranteed

      • Interest Rate: 2.30% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: No minimum

    • ICBC

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

      • Commitment Period: 12 months

      • Minimum Amount: S$500

    • OCBC

      • Interest Rate: 2.25% p.a. (internet banking)

      • Commitment Period: 12 months

      • Minimum Amount: S$30,000

    • CIMB

      • Interest Rate: 2.10 – 2.15% p.a.

      • Commitment Period: 12 months

      • Minimum Amount: S$10,000

    March 2025 Best fixed deposit rates by minimum deposit

    Deposits $10,000 and under:

    • Bank of China

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

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • ICBC

    • Interest Rate: 2.65% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Hong Leong Finance

    • Interest Rate: 2.60% p.a. (online fixed deposit special)

    • Commitment Period: 6 months

    • Minimum Amount: S$5,000

  • DBS

    • Interest Rate: 2.45% p.a.

    • Commitment Period: 12 months

    • Minimum Amount: S$1,000

  • CIMB

    • Interest Rate: 2.40 – 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • UOB

    • Interest Rate: 2.40% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$10,000

    • Deposits $20,000–$49,999:

    • Maybank

      • Interest Rate: 2.90% p.a. (branch placement)

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • Bank of China

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

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  • Commitment Period: 3 months

  • Minimum Amount: S$500

  • RHB

    • Interest Rate: 2.70 – 2.80% p.a.

    • Commitment Period: 3 months or 6 months

    • Minimum Amount: S$20,000

  • ICBC

    • Interest Rate: 2.65% p.a.(via e-banking)

    • Commitment Period: 3 months

    • Minimum Amount: S$500

  • Hong Leong Finance

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

    • Commitment Period: 6 months

    • Minimum Amount: S$20,000

  • CIMB

    • Interest Rate: 2.40 – 2.45% p.a.

    • Commitment Period: 3 months

    • Minimum Amount: S$10,000

  • OCBC

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

    • Commitment Period: 9 months

    • Minimum Amount: S$30,000

  • HSBC

    • Interest Rate: 2.25% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$30,000

  • Standard Chartered

    • Interest Rate: 2.20 – 2.30% p.a.

    • Commitment Period: 6 months

    • Minimum Amount: S$25,000

    • Deposits $50,000 and above:

    • State Bank of India

      • Interest Rate: 2.85% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$50,000

    • Bank of China

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

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • RHB

      • Interest Rate: 2.70 – 2.80% p.a.

      • Commitment Period: 3 months or 6 months

      • Minimum Amount: S$20,000

    • ICBC

      • Interest Rate: 2.65% p.a.(via e-banking)

      • Commitment Period: 3 months

      • Minimum Amount: S$500

    • Hong Leong Finance

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

      • Commitment Period: 6 months

      • Minimum Amount: S$20,000

    • HSBC

      • Interest Rate: 2.55% p.a.

      • Commitment Period: 6 months

      • Minimum Amount: S$200,000

    • CIMB

      • Interest Rate: 2.40 – 2.45% p.a.

      • Commitment Period: 3 months

      • Minimum Amount: S$10,000

    • Citibank

      • Interest Rate: 2.40% p.a. (T&Cs apply)

      • Commitment Period: 3 months or 6 months

      • Minimum Amount: S$50,000

    /TISG Read also: Steady returns, no heartbreaks with the best-fixed deposit rates in Singapore this Feb 2025—up to 2.90% p.a. Featured image by Freepik (for illustration purposes only) Disclaimer: Rates are promotional and subject to change. For the most current rates, visit the respective bank websites
    Tags fixed deposit March 2025 fixed deposit rates best fixed deposit rates in SG
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