Interest rates have inched up this month, bringing a bit of good news for anyone searching for the best fixed deposit in July 2026. After several months of muted movements, banks and digital players are finally offering slightly higher returns. One standout is the GXS Boost Pocket, which now pays 1.60% p.a. for a 12‑month placement. GXS Boost Pocket’s interest rate immediately raises the question: can the best fixed deposit in July 2026 beat GXS in July 2026? With fresh funds from maturing tranches ready to be redeployed, this month’s search for the best fixed deposit becomes especially timely.
What becomes clear very quickly is that fixed deposit rates vary widely depending on how much you deposit, the tenure you choose, and whether you qualify for preferred, premier, or private‑banking tiers. This makes the hunt for the best fixed deposit in July 2026 more nuanced than simply picking the highest headline rate. Some banks offer strong short‑term promotions, others reward larger deposits, and a few stand out for their low minimum placement requirements. With so many options on the table, comparing fixed deposit rates helps ensure that my maturing funds are reinvested in the most rewarding and suitable place for the months ahead.
Fixed deposits also known as time deposits remain 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 return, you enjoy stable, predictable yields that are shielded from market volatility. This makes fixed deposits ideal for conservative savers or anyone looking to park idle cash securely while earning more than a regular savings account.
UOB fixed deposit rates continue to appeal to savers who want predictable returns with flexible tenure options. For the 6‑month tenure, UOB fixed deposit rates start at 1.20% p.a., while customers who hold eligible Wealth Products enjoy a higher 1.25% p.a., with a minimum placement of S$10,000. This short‑term option is suitable for individuals who prefer liquidity but still want to benefit from competitive yields. The promotional tier for Wealth Product customers further enhances the attractiveness of UOB fixed deposit rates for those who already maintain investment or insurance relationships with the bank.
For longer commitments, UOB fixed deposit rates for the 10‑month and 12‑month tenures offer even stronger returns. The 10‑month rate stands at 1.25% p.a., rising to 1.30% p.a. for Wealth Product customers, while the 12‑month tenure offers 1.30% p.a. or 1.35% p.a. respectively, all with a minimum deposit of S$10,000. Eligible Wealth Products include Unit Trusts, Maxi Yield, Bonds, Structured Products, and both Regular and Single Premium insurance plans, provided they are held under the same name at the time of placing fresh funds. These enhanced UOB fixed deposit rates available only through Relationship Managers or Client Advisors make mid‑term placements especially compelling for savers seeking higher guaranteed returns.
Tenure: 6 months
Interest Rate: 1.20% p.a. / 1.25% p.a. (* Promotional Interest rate for customers with Wealth Products)
Minimum Amount: S$10,000
Tenure: 10 months
Interest Rate: 1.25% p.a. / 1.30% p.a. (* Promotional Interest rate for customers with Wealth Products)
Minimum Amount: S$10,000
Tenure: 12 months
Interest Rate: 1.30% p.a. / 1.35% p.a. (* Promotional Interest rate for customers with Wealth Products)
Minimum Amount: S$10,000
*Eligible Wealth products for this promotion are Unit Trusts, Maxi Yield, Bonds, Structured Products, Regular Premium insurance and Single Premium insurance, held in the same name(s) with UOB at the time they place a Fresh Funds deposit as a time / fixed deposit under this Promotion. Applicable only for placements made via Relationship Managers or Client Advisors.
OCBC Bank Fixed Deposit Rates
OCBC fixed deposit rates remain a reliable option for savers who prefer guaranteed returns with straightforward placement requirements. For the 6‑month tenure, OCBC fixed deposit rates are 1.20% p.a. when placed at branches and a slightly higher 1.25% p.a. via Internet Banking, with a minimum deposit of S$20,000. This digital‑first incentive continues to reward customers who choose online placements, making short‑term deposits more attractive for those seeking flexibility and convenience.
For longer commitments, OCBC fixed deposit rates offer stable yields across the 12‑month and 18‑month tenures. The 12‑month rate stands at 1.15% p.a. at branches and 1.20% p.a. online, while the 18‑month tenure provides 1.20% p.a. at branches and 1.25% p.a. through Internet Banking, all requiring a minimum of S$20,000. These consistent OCBC fixed deposit rates give savers predictable returns over the medium term, with online placements once again delivering a meaningful boost in interest for customers who prefer digital banking.
Tenure: 6 months
Interest Rate: 1.20% p.a. (OCBC Branch) / 1.25% (Internet Banking)
Minimum Amount: S$20,000
Tenure: 12 months
Interest Rate: 1.15% p.a. (OCBC Branch) / 1.20% (Internet Banking)
Minimum Amount: S$20,000
Tenure: 18 months
Interest Rate: 1.20% p.a. (OCBC Branch) / 1.25% (Internet Banking)
Minimum Amount: S$20,000
DBS Fixed Deposit Rates
DBS fixed deposit rates remain a straightforward option for savers who prefer short‑term placements with low minimum amounts. For the 6‑month tenure, DBS fixed deposit rates are 0.80% p.a. with a minimum deposit starting from S$1,000 up to S$19,999, making it accessible for smaller savers who want guaranteed returns without locking in large sums. This tenure is ideal for individuals who prioritise liquidity while still earning a stable yield on their funds.
For slightly longer commitments, DBS fixed deposit rates improve across the 7‑month and 8‑ to 12‑month tenures. The 7‑month rate offers 0.95% p.a., while the 8‑ to 12‑month range provides a consistent 1.00% p.a., all requiring the same minimum placement of S$1,000 to S$19,999. These DBS fixed deposit rates give savers predictable returns over the short to mid‑term, offering a simple and low‑barrier way to grow funds while maintaining flexibility.
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
Standard Chartered Bank Fixed Deposit Rates
Standard Chartered fixed deposit rates for July 2026 offer competitive short‑term returns for savers placing S$25,000 or more. For the 6‑month tenure, Standard Chartered fixed deposit rates start at 1.30% p.a. for Personal Banking customers, rising to 1.40% p.a. for Priority Banking customers. Those under Priority Private enjoy a significantly higher 1.60% p.a., making this one of the strongest mid‑term promotional rates among major banks. This tiered structure rewards deeper banking relationships, giving customers meaningful uplifts based on their segment.
These Standard Chartered fixed deposit rates are particularly attractive for individuals seeking guaranteed returns without locking funds for too long. The 6‑month tenure strikes a balance between liquidity and yield, while the enhanced Priority Banking and Priority Private tiers provide substantial interest boosts for customers who maintain higher qualifying balances or investment relationships with the bank. With a straightforward minimum placement of S$25,000, Standard Chartered continues to position itself as a competitive option in the fixed‑income landscape.
Tenure: 6 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.40% p.a. (Priority Banking) / 1.60% p.a. (Priority Private)
Minimum Amount: S$25,000
CIMB Bank Fixed Deposit Rates
CIMB fixed deposit rates continue to stand out for savers who want competitive short‑term returns with a reasonable minimum placement. For the 3‑month tenure, CIMB fixed deposit rates offer 1.30% p.a. for Personal Banking customers and a higher 1.35% p.a. for Preferred Banking customers, with a minimum deposit of S$10,000. This short‑term option is ideal for individuals who prefer liquidity while still earning a meaningful yield, especially those who qualify for Preferred Banking’s enhanced rate.
For longer placements, CIMB fixed deposit rates become even more attractive across the 6‑month, 9‑month, and 12‑month tenures. The 6‑month rate pays 1.40% p.a. for Personal Banking and 1.45% p.a. for Preferred Banking, while both the 9‑month and 12‑month tenures offer 1.45% p.a. and 1.50% p.a. respectively. All tenures require a minimum of S$10,000, making CIMB fixed deposit rates a compelling choice for mid‑term savers seeking higher guaranteed returns without complex conditions.
Tenure: 3 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.35% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 6 months
Interest Rate: 1.40% p.a. (Personal Banking) / 1.45% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 9 months or 12 months
Interest Rate: 1.45% p.a. (Personal Banking) / 1.50% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Hong Leong Finance Fixed Deposit Rates
Hong Leong Finance fixed deposit rates for July 2026 offer competitive returns across the 6‑month, 9‑month, and 12‑month tenures for customers placing S$20,000 and above. The 6‑month tenure pays 1.28% p.a., while the 9‑month option offers 1.30% p.a., giving savers a slight uplift for committing funds a little longer. For those comfortable with a full‑year placement, the 12‑month tenure provides 1.35% p.a., making it the highest rate among Hong Leong Finance’s standard fixed deposit promotions this month. These straightforward, no‑frills Hong Leong Finance fixed deposit rates appeal to savers seeking stable returns with a moderate minimum placement.
Hong Leong Finance also offers enhanced fixed deposit rates through HLF Digital, giving customers more flexibility depending on their deposit size. For smaller placements between S$5,000 and S$19,999, the 6‑month tenure pays 1.28% p.a., while the 9‑month and 12‑month tenures offer 1.30% p.a.. Customers placing S$20,000 and above online enjoy even stronger returns: 1.30% p.a. for 6 months, 1.33% p.a. for 9 months, and 1.35% p.a. for 12 months. These digital‑exclusive Hong Leong Finance fixed deposit rates provide a meaningful boost for savers who prefer online placements, especially those committing larger amounts.
Below are Hong Leong Finance’s special fixed deposit promotion in July 2026.
Tenure: 6 months
Interest Rate: 1.28% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months
Interest Rate: 1.30% p.a.
Minimum Amount: S$20,000 and above
Tenure: 12 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$20,000 and above
Below are Hong Leong Finance’s interest rates if you make a Fixed Deposit placement ONLINE via HLF Digital.
Tenure: 6 months
Interest Rate: 1.28% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 9 months or 12 months
Interest Rate: 1.30% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 6 months
Interest Rate: 1.30% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months
Interest Rate: 1.33% p.a.
Minimum Amount: S$20,000 and above
Tenure: 12 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$20,000 and above
RHB Bank Fixed Deposit Rates
RHB fixed deposit rates continue to offer competitive short‑term returns for savers placing S$20,000 or more. For the 3‑month tenure, RHB fixed deposit rates start at 1.30% p.a. for Personal Banking customers, while Premier Banking customers enjoy a higher 1.40% p.a., making this a strong option for those seeking quick, guaranteed returns. The short tenure is ideal for individuals who prefer liquidity while still benefiting from a meaningful yield uplift under Premier Banking.
For longer commitments, RHB fixed deposit rates become even more attractive across the 6‑month and 12‑month tenures. Both tenures offer 1.45% p.a. for Personal Banking customers and a significantly higher 1.55% p.a. for Premier Banking customers, with the same minimum placement of S$20,000. These mid‑term RHB fixed deposit rates provide a compelling balance of stability and enhanced returns, especially for customers who qualify for Premier Banking’s boosted interest tiers.
Tenure: 3 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.40% p.a. (Premier Banking)
Minimum Amount: S$20,000
Tenure: 6 months or 12 months
Interest Rate: 1.45% p.a. (Personal Banking) / 1.55% p.a. (Premier Banking)
Minimum Amount: S$20,000
MayBank2u Singapore Fixed Deposit Rates
Maybank time deposit rates remain competitive for savers looking to secure mid‑term returns through the bank’s Deposits Bundle Promotion. For the 9‑month tenure, Maybank time deposit rates offer 1.45% p.a. at both branches and online, with a minimum placement of S$20,000. This makes it an attractive option for individuals who prefer a shorter commitment while still benefiting from a meaningful promotional uplift. The bundle promotion continues to reward customers who consolidate their banking relationship with Maybank, especially those placing fresh funds.
For a longer commitment, Maybank time deposit rates for the 12‑month tenure provide an even stronger return of 1.65% p.a., also available at branches and online with the same S$20,000 minimum. This one‑year option stands out as one of Maybank’s highest promotional rates, offering a compelling balance of stability and enhanced yield for savers comfortable with locking in funds for a full year. These Maybank time deposit rates reinforce the bank’s position as a strong contender in the fixed‑deposit landscape for July 2026.
Tenure: 9 months
Interest Rate: 1.45% p.a. Deposits Bundle Promotion (at branches and online)
Minimum Amount: S$20,000
Tenure: 12 months
Interest Rate: 1.65% p.a. Deposits Bundle Promotion (at branches and online)
Minimum Amount: S$20,000
Bank of China Fixed Deposit Rates
Bank of China fixed deposit rates continue to offer attractive short‑term returns for savers who prefer flexibility and low minimum placement requirements. For the 1‑month tenure, Bank of China fixed deposit rates start at 1.10% p.a. via Mobile Banking, with a minimum deposit of S$500 and above. The 2‑month option increases to 1.20% p.a., while the 3‑month and 5‑month tenures offer a higher 1.35% p.a., giving savers a meaningful uplift for slightly longer commitments. These short‑term Bank of China fixed deposit rates are ideal for individuals who want guaranteed returns without locking in large sums.
For mid‑term placements, Bank of China fixed deposit rates become even more compelling across the 6‑month, 9‑month, 12‑month, 18‑month, and 24‑month tenures. The 6‑month and 9‑month options offer 1.45% p.a., while the 12‑month, 18‑month, and 24‑month tenures provide an attractive 1.50% p.a., all with a minimum placement of S$500 and above via Mobile Banking. These longer‑term Bank of China fixed deposit rates give savers stable, predictable returns with one of the lowest entry requirements among major banks, making them especially suitable for individuals building fixed‑income ladders or seeking higher guaranteed yields over time.
Tenure: 1 month
Interest Rate: 1.10% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 2 months
Interest Rate: 1.20% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 3 months or 5 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 6 months or 9 months
Interest Rate: 1.45% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 12 months, 18 months or 24 months
Interest Rate: 1.50% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Citibank Fixed Deposit Interest Rates
Citibank fixed deposit rates for new‑to‑bank customers continue to offer some of the highest promotional yields in July 2026, especially for large fresh‑fund placements. For the 3‑month tenure, Citibank fixed deposit rates start at 1.45% p.a. for deposits between S$350,000 and under S$1,500,000, rising to 1.65% p.a. for deposits between S$1,500,000 and S$5,000,000. The 6‑month tenure follows the same tiered structure, offering 1.40% p.a. and 1.60% p.a. respectively. These preferential Citibank fixed deposit rates are designed to reward affluent customers bringing in substantial fresh funds, making them particularly attractive for high‑net‑worth individuals seeking short‑term, guaranteed returns.
Existing customers also benefit from competitive Citibank fixed deposit rates, though at slightly lower levels compared to new‑to‑bank promotions. For the 3‑month tenure, eligible customers earn 1.35% p.a., while Accredited Investor (AI) customers enjoy a higher 1.40% p.a., with a broad minimum deposit range of S$10,000 to under S$10,000,000. The 6‑month tenure offers 1.40% p.a. for eligible customers and 1.45% p.a. for AI customers. This structure ensures that Citibank fixed deposit rates remain appealing across customer segments, providing stable, low‑risk returns while offering enhanced yields for those who qualify for AI status or bring in larger deposits.
New to Citibank customers can enjoy the below preferential fixed deposit rates.
Tenure: 3 months
Interest Rate: 1.45% p.a. (Eligible Customer)
Minimum Amount: S$350,000 to < S$1,500,000
Tenure: 3 months
Interest Rate: 1.65% p.a. (Eligible Customer)
Minimum Amount: S$1,500,000 to S$5,000,000
Tenure: 6 months
Interest Rate: 1.40% p.a. (Eligible Customer)
Minimum Amount: S$350,000 to < S$1,500,000
Tenure: 6 months
Interest Rate: 1.60% p.a. (Eligible Customer)
Minimum Amount: S$1,500,000 to S$5,000,000
Existing Citibank customers can enjoy the below fixed deposit rates.
Tenure: 3 months
Interest Rate: 1.35% p.a. (Eligible Customer) / 1.40% p.a. (Eligible Accredited Investor (AI) Customer)
Minimum Amount: S$10,000 to < S$10,000,000
Tenure: 6 months
Interest Rate: 1.40% p.a. (Eligible Customer) / 1.45% p.a. (Eligible Accredited Investor (AI) Customer)
Minimum Amount: S$10,000 to < S$10,000,000
Best Fixed Deposit in July 2026: Which Bank Offer the Best Fixed Deposit in Singapore?
Choosing the best fixed deposit in July 2026 depends on how much you plan to deposit, the tenure you prefer, and whether you qualify for relationship‑based tiers such as Premier, Priority, or Accredited Investor status. When comparing all banks, including local banks, finance companies, and foreign banks, the highest guaranteed return in July 2026 comes from Maybank, which offers 1.65% p.a. for a 12‑month placement under its Deposits Bundle Promotion with a minimum of S$20,000. This makes Maybank the strongest overall choice for savers seeking the highest one‑year fixed deposit rate. Other banks also offer competitive mid‑term options, such as Maybank’s 9‑month rate of 1.45% p.a., RHB’s Premier Banking rate of 1.55% p.a., and Standard Chartered Priority Private’s 1.60% p.a., giving customers with higher qualifying balances meaningful uplifts.
Beyond headline rates, several banks cater to specific customer segments or deposit sizes. Citibank offers some of the most attractive short‑term promotional rates for new‑to‑bank customers, reaching up to 1.65% p.a. for large deposits between S$1.5 million and S$5 million, while Bank of China provides accessible entry points with minimum deposits starting from S$500 via Mobile Banking. Hong Leong Finance and CIMB also deliver competitive mid‑term rates, especially for customers placing fresh funds or qualifying for Preferred Banking tiers. Taken together, the July 2026 landscape shows that while each bank targets different customer profiles, Maybank currently offers the best fixed deposit rate overall, with foreign banks and finance companies providing strong alternatives for specific deposit sizes and customer categories.
Below is the best fixed deposit in July 2026
- Highest Overall Rate (All Banks): Maybank – 1.65% p.a., 12 months (S$20,000 minimum)
- Best Short‑Term Rate (All Banks): Citibank – 1.65% p.a., 3 months (New‑to‑bank, S$1.5M–S$5M)
- Best Mid‑Term Rate (Foreign / International Banks): Standard Chartered Priority Private – 1.60% p.a., 6 months (S$25,000 minimum)
- Best Premier / Priority Banking Rate: RHB Premier Banking – 1.55% p.a., 6 or 12 months (S$20,000 minimum)
- Best Finance Company Rate: Hong Leong Finance – 1.35% p.a., 12 months (S$20,000 minimum)
- Best for Smaller Deposits: Bank of China – up to 1.50% p.a., 12–24 months (S$500 minimum via Mobile Banking)
- Best Local Bank Rate: Maybank – 1.65% p.a., 12 months (S$20,000 minimum)
If you found this comparison and review of the best fixed deposit in July 2026 helpful, do consider subscribing to my blog to continue receiving practical, data‑driven ideas on where to park your money for better returns.
Disclaimer: This is Not a sponsored post, and the opinions are solely based on My Sweet Retirement’s own research and opinion.