Best Fixed Deposit in December 2025

Searching for the best fixed deposit rates in Singapore this December 2025? You are definitely not alone. As interest rates continue to trend downward, finding competitive returns for your savings has become increasingly challenging. That is exactly why I track and compare Singapore fixed deposit rates every month, to help you make informed decisions and maximise your savings with the best options available.

Fixed deposits (also known as time deposits) are one of the simplest and safest ways to grow your money. You place a fixed sum with a bank for a set tenure ranging from a few months to several years and earn a guaranteed interest rate. Your funds are locked in for the duration, but in exchange, you enjoy stable, predictable returns that are shielded from market volatility. This makes fixed deposits ideal for conservative investors or anyone looking to park idle cash securely while earning more than a regular savings account.

For Singaporeans receiving year‑end bonuses, ang bao money, or maturing fixed deposits, this month’s fixed deposit promotion offers a simple, low‑risk way to enhance returns during the festive season.

Although the Singapore Overnight Rate Average (SORA) has been declining recently, it is important to understand that fixed deposit rates are not directly pegged to SORA. Banks set their own board rates, which may be influenced by broader economic conditions that SORA reflects. While the relationship isn’t one‑to‑one, there is still a noticeable correlation.

With global markets expecting rate cuts this month, many Singapore banks have already started lowering their fixed deposit rates. This makes it a timely moment to lock in a good rate before they fall further.

If you are looking for a safe and reliable way to grow your savings, fixed deposits remain a strong choice. I will continue updating the latest and best fixed deposit rates in Singapore each month so you can stay ahead and make the most of your money.

Which Bank Offer the Best Fixed Deposit in Singapore?

When it comes to fixed deposits, the three major local banks DBS, OCBC, and UOB are often top of mind. But which one currently offers the most competitive rate? Is DBS still leading the pack, or have UOB and OCBC adjusted their offerings to stay in the race?

Each month, I review the latest fixed deposit rates across Singapore’s banks to identify the best options for growing spare cash securely. With interest rates fluctuating, it is more important than ever to compare offers and lock in favourable returns.

To help you make an informed decision, I have compiled the latest fixed deposit rates from DBS, OCBC, and UOB. In the comparison below, I have highlighted the rates that offer the best value from each bank so you can quickly spot the most attractive choices.

In December 2025, UOB maintained their fixed deposit interest rates at 1.20% per annum for a 6-months tenure with a minimum deposit of $10,000. OCBC’s rate stands at 1.10% per annum for either 9 or 12 months, requiring a minimum of $20,000. DBS slashed its fixed deposit interest rates to 1.00% per annum for 8 to 12 months placement. Among the 3 local banks, I would say that UOB offers the highest fixed deposit interest rates.

In November, DBS offers 1.60% per annum for fixed deposits with a tenure of 8 to 12 months, making it the highest among the three major local banks DBS, OCBC, and UOB. In December, DBS slashed its 8 to 12 months fixed deposit interest rates to 1.00% per annum.

Tenure: 6 months
Interest Rate: 0.80% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 7 months
Interest Rate: 0.95% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 8 to 12 months
Interest Rate: 1.00% p.a.
Minimum Amount: S$1,000 to $$19,999

CIMB Bank Fixed Deposit Rates

Tenure: 3 months or 6 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.35% p.a. (Preferred Banking)
Minimum Amount: S$10,000

Tenure: 9 months or 12 months
Interest Rate: 1.10% p.a. (Personal Banking) / 1.15% p.a. (Preferred Banking)
Minimum Amount: S$10,000

Hong Leong Finance Fixed Deposit Rates

Hong Leong Finance is offering a Special Fixed Deposit Promotion. Hong Leong Finance is offering an interest rate of 1.30% per annum for 3-months or 5-months placement of minimum 60k in fresh funds.

Tenure: 3 months or 5 months
Interest Rate: 1.30% p.a.
Minimum Amount: S$60,000 and above

Below are Hong Leong Finance’s interest rates if you make a Fixed Deposit placement ONLINE via HLF Digital.

Tenure: 3 months, 5 months, 8 months or 13 months
Interest Rate: 1.20% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 3 months, 5 months, 8 months or 13 months
Interest Rate: 1.25% p.a.
Minimum Amount: S$20,000 and above

RHB Bank Fixed Deposit Rates

Tenure: 3 months or 6 months
Interest Rate: 1.45% p.a. (Personal Banking) / 1.55% p.a. (Premier Banking)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 1.20% p.a. (Personal Banking) / 1.30% p.a. (Premier Banking)
Minimum Amount: S$20,000

MayBank2u Singapore Fixed Deposit Rates

Tenure: 6 months
Interest Rate: 1.55% p.a. (Deposits Bundle Promotion: Placement at branch and online.)
Minimum Amount: S$20,000

Tenure: 3 months
Interest Rate: 1.30% p.a. Standalone Time Deposit and Term Deposit-i (at branches and online)
Minimum Amount: S$20,000

Tenure: 9 months
Interest Rate: 1.10% p.a. Standalone Time Deposit and Term Deposit-i (at branches and online)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 1.15% p.a. Standalone Time Deposit and Term Deposit-i (at branches and online)
Minimum Amount: S$20,000

Bank of China Fixed Deposit Rates

For short-term savers, Bank of China provides a 1.40% per annum interest rate for 1-month, 2-months or 3-months tenure, with a minimum deposit of just $500, making it accessible to most individuals. If you are able to commit $40,000 or more, the bank also offers 1.35% per annum for a 5-months or 6-months placement, which is among the highest rates available for that duration. For longer tenures of 9 to 12 months, rates range from 1.15% to 1.20% per annum, depending on the deposit amount.

Tenure: 1 month, 2 months, 3 months
Interest Rate: 1.40% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)

Tenure: 5 months or 6 months
Interest Rate: 1.30% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)

Tenure: 5 months or 6 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$40,000 and above (via Mobile Banking)

Tenure: 9 months or 12 months
Interest Rate: 1.20% p.a. (via Mobile Banking)
Minimum Amount: S$40,000 and above (via Mobile Banking)

Tenure: 9 months or 12 months
Interest Rate: 1.15% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)

Citibank Fixed Deposit Interest Rates

 

Tenure: 3 months
Interest Rate: 1.00% p.a.
Minimum Amount: S$10,000 to S$3,000,000

Best Fixed Deposit in December 2025

Short-term fixed deposits continue to offer more attractive interest rates than longer-term options, a trend that mirrors previous months. This is understandable given the current market volatility and uncertainty around future rate movements. Banks are incentivized to offer higher yields for shorter commitments, allowing them to stay agile in a shifting rate environment.

In December, DBS is no longer offering the highest fixed deposit interest rates among all the above banks. As you can see from the above results, RHB is the clear winner here, offering 1.45% per annum for a 3-months or 6-months fixed deposit placement.

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Disclaimer: This is Not a sponsored post, and the opinions are solely based on My Sweet Retirement’s own research and opinion.