Quick answer: Looking for a time deposit in Singapore that makes your savings work harder? DBS and UOB offer solid promotional rates with low entry points, while Standard Chartered tempts priority banking clients with rates as high as 2.30% p.a. OCBC and HSBC suit those who want multi-currency flexibility, and CIMB and Maybank keep things interesting with Shariah-compliant options and e-voucher promotions.
Want to compare across the whole category? That is what Best Bank Accounts & Savings in Singapore is for — 21 guides in total.
DBS Bank
DBS Bank keeps its Singapore Dollar Fixed Deposit simple and digital-first – open one on your phone and let it earn while you sleep.
They run promotional rates of up to 1.60% p.a. on tenures of 9 to 12 months, with deposits from S$1,000 to S$19,999. The account auto-renews, so your money keeps working without you having to lift a finger. Steady lah, can set and forget.
Being recognised as Asia’s Safest Bank adds a layer of peace of mind, and their 24/7 digital banking means you can place or adjust deposits from anywhere.
Address: 712A Ang Mo Kio Ave 6, #01-4066, Singapore 561712
Phone: 1800 111 1111 (24/7)
Website: DBS Bank
Price signal: Minimum deposit S$1,000; promotional rate up to 1.60% p.a.
If you’re the type who wants a no-fuss, steady place to park your savings and are already using DBS for daily banking, this one fits like a glove. The low minimum also means you can get started without a big commitment.
OCBC Bank
If you hold cash in different currencies, OCBC’s SGD Time Deposit could be the one you’re looking for. They let you mix currencies in a single placement, so you don’t have to open separate accounts for your USD or AUD stash.
Their online promotional rate hits up to 1.35% p.a. for 9- and 12-month tenures, though you’ll need a minimum of S$30,000. Flexible maturity instructions and multi-currency support come standard. A bit higher entry point, but if you’re already an OCBC 360 or Premier customer, it’s a natural extension – no need to jump through hoops.
They’ve also been named one of the world’s safest banks, which matters when you’re placing a sizeable sum.
Address: Branches islandwide – use the branch locator
Phone: +65 6538 1111
Website: OCBC Bank
Price signal: Minimum S$30,000; promotional rate up to 1.35% p.a.
This is a steady pick for anyone who wants multi-currency control without juggling several banks. The minimum might feel steep, but it’s worth considering if you’ve already got funds sitting idle in a foreign currency account.
Nothing on this page is a paid placement. If you know a place that should be here, let us know before the next update.
UOB
UOB’s Singapore Dollar Fixed Deposit offers a promotional rate of 1.50% p.a. for a 6-month tenure, which is a sweet spot – not too long, not too short. You place a minimum of S$10,000 in fresh funds.
What sets them apart is the overdraft facility linked to the deposit. Need quick cash? You can tap that line instead of breaking the deposit and losing all your interest. The auto-renewal feature means you won’t accidentally let the money sit idle after maturity either.
They’re deeply rooted in the region, so if you move money across ASEAN or need cross-border wealth support, UOB’s infrastructure is already tuned for that.
Address: 80 Raffles Place, UOB Plaza, Singapore 048624
Phone: 1800 222 2121 (24/7)
Website: UOB
Price signal: Minimum S$10,000; promotional rate 1.50% p.a. for 6 months
Good for someone who wants a mid-tenure commitment and values having a financial safety net attached to the deposit. Six months is also shiok for parking your bonus or extra CPF savings for a quick earn.
Standard Chartered
Standard Chartered’s SGD Time Deposit goes straight for the top of the board – up to 2.30% p.a. if you’ve got Priority banking status with them. The minimum is S$25,000, and the promo rate applies to selected tenures.
Beyond that headline number, they wrap the deposit into a broader wealth management setup, with multi-currency support and integration into their advisory tools. The bank has been picking up awards like The Asset Triple A and Euromoney Awards for Excellence in 2025, so the backend support when you need to rollover or adjust is pretty solid.
Address: 8 Marina Boulevard, #01-01, Marina Bay Financial Centre Tower 1, Singapore 018981
Phone: +65 6747 7000
Website: Standard Chartered
Price signal: Minimum S$25,000; promotional rate up to 2.30% p.a. (Priority)
If you’re already a Priority client, this is easily one of the highest promotional rates in town. Even if you aren’t, their regular placements still offer flexible tenures worth comparing.
CIMB Bank
CIMB’s SGD Fixed Deposit is built for the digital-first investor who hates queues. The promo rate of 1.60% p.a. comes with a short 3-month tenure and a S$10,000 minimum – all placed online.
That short tenure means you’re not locked in for a year, and if you want to roll it over, it’s just a few clicks. They also offer Shariah-compliant alternatives that pay profit upfront, which can suit those who prefer to receive returns right at the start rather than at maturity. Damn shiok if you hate paperwork.
Address: 30 Raffles Place #03-03, Singapore 048622
Phone: 1800 438 7888
Website: CIMB Bank
Price signal: Minimum S$10,000; promotional rate 1.60% p.a. for 3 months (online)
Ideal for the tech-savvy saver who wants a quick, low-commitment way to test higher rates. The Shariah-compliant option also makes it a thoughtful pick if that aligns with your preferences.
If you’re balancing a mix of time deposits and other safe havens, our look at Money Market Fund Providers in Singapore for Discerning Investors might be useful. For those ready to take on a bit more risk, our guides on Stocks to Invest in Singapore and Dividend Stocks in Singapore for Discerning Investors can help you shape a broader portfolio.
HSBC
HSBC’s SGD Time Deposit plays right into their Premier ecosystem. If you’re already banking with them at that level, you can lock in up to 1.60% p.a. for just one month, with a S$30,000 minimum.
That ultra-short tenure is perfect if you’re waiting to deploy funds into another investment or simply want to keep cash nimble. Multi-currency flexibility is built in, and their global footprint means you can easily shift money between Singapore and overseas accounts – handy if you’ve got family or assets abroad.
Address: Branches islandwide – use the branch locator
Phone: +65 6227 8889
Website: HSBC
Price signal: Minimum S$30,000; promotional rate up to 1.60% p.a. for 1 month (Premier)
For Premier clients who value liquidity and global connectivity, this one is a natural fit. The short maturity means you’re never far from your cash.
Maybank
Maybank’s 6-month bundle promotion gives you up to 1.75% p.a. on S$20,000, and they often throw in e-voucher incentives through their iSAVvy platform. If you like a little extra reward on top of interest, this one feels like a small celebration every time you roll over.
They also offer Shariah-compliant time deposits for those who prefer a profit-sharing structure. The blend of traditional banking stability with promotional agility is what makes them stand out among affluent savers.
Address: 2 Battery Road, Maybank Tower, Singapore 049907
Phone: 1800 629 2265
Website: Maybank
Price signal: Minimum S$20,000; promotional rate up to 1.75% p.a. for 6 months (bundle)
A great fit if you enjoy promotional perks and don’t mind checking for the latest bundle deals. The Shariah-compliant variant also adds a layer of choice for values-aligned investing.
Nothing on this page is a paid placement. If you know a place that should be here, let us know before the next update.
How to choose
The right time deposit hinges on three things: how much you can park, how long you can leave it untouched, and what bells and whistles matter to you. A S$1,000 entry at DBS is a gentle start, while OCBC and HSBC ask for S$30,000 but give you multi-currency freedom in return. If you’re comfortable with a 3-month lock, CIMB’s online placement is quick and pays a solid 1.60% – no branch needed.
If you need Shariah-compliant instruments, both CIMB and Maybank have you covered. Maybank’s bundle promos with e-vouchers can feel like a nice bonus, but do check the latest terms, as these change frequently. Standard Chartered’s priority rate can outshine everyone else, though you need that Priority banking relationship first.
Always confirm the current promotional rate with the bank directly, as they shift based on deposit size, fresh-fund status, and prevailing market conditions. A fair promotional rate for a 6- to 12-month SGD time deposit in Singapore typically sits between 1.3% and 1.8% p.a., with a few outliers above 2% for priority clients.
| Provider | Promotional Rate | Minimum Deposit | Tenure | Key Feature |
|---|---|---|---|---|
| DBS Bank | up to 1.60% p.a. | S$1,000 | 9–12 months | Auto renewal, digital integration |
| OCBC Bank | up to 1.35% p.a. | S$30,000 | 9 / 12 months | Multi-currency options |
| UOB | 1.50% p.a. | S$10,000 | 6 months | Overdraft facility |
| Standard Chartered | up to 2.30% p.a. (Priority) | S$25,000 | Selected tenures | Wealth integration, multi-currency |
| CIMB Bank | 1.60% p.a. (online) | S$10,000 | 3 months | Shariah-compliant, upfront profit options |
| HSBC | up to 1.60% p.a. (Premier) | S$30,000 | 1 month | Global connectivity, multi-currency |
| Maybank | up to 1.75% p.a. (bundle) | S$20,000 | 6 months | iSAVvy e-voucher, Shariah-compliant |
Summary
The key is matching the tenure to your cash-flow needs – a 1-month HSBC Premier placement might suit you if you’re waiting on a property deal, while a 12-month DBS deposit gives a longer runway of guaranteed growth. If you’re comfortable with a S$30,000 commitment, OCBC’s multi-currency option is a smart way to manage overseas exposure. Whatever you choose, confirm the latest rates and terms directly with the bank before locking in.
Disclaimer: All information provided here has been compiled from publicly available sources. While we have made every effort to ensure accuracy, we do not guarantee that the information is complete or error-free. We disclaim any liability for inaccuracies or omissions. If you find any errors or have concerns about the content, please let us know so we can address them promptly.
Frequently asked questions
What is the minimum deposit required for a time deposit in Singapore?
It varies by bank. DBS accepts as low as S$1,000, while OCBC and HSBC require S$30,000 for their promotional rates. Always check the specific offer before committing.
Which time deposit offers the highest interest rate right now?
Among the banks listed, Standard Chartered offers up to 2.30% p.a. for priority banking clients, while Maybank gives 1.75% p.a. with a bundle promotion. Rates change frequently, so confirm directly with the bank.
Can I open a time deposit completely online?
Yes. DBS, OCBC, CIMB, and UOB allow you to place fixed deposits through their internet banking or mobile apps without visiting a branch.
Are there Shariah-compliant time deposits in Singapore?
Yes, CIMB and Maybank provide Shariah-compliant fixed deposits based on profit-sharing principles, rather than interest.
What happens if I withdraw my time deposit before the tenure ends?
You typically lose most or all of the accrued interest, and the bank may impose an early withdrawal penalty. It’s best to set aside funds you won’t need for the agreed period.
