With a tranche of my fixed deposit maturing in June, I have been actively reviewing the best fixed deposit in June 2026 to decide where to place my funds next. The landscape has shifted significantly this year, and comparing the best fixed deposit rates across banks has become essential for anyone looking to maximise returns while keeping risk low. As interest rates continue to adjust across different tenures and customer tiers, finding the best fixed deposit in June 2026 requires a closer look at both promotional offers and standard board rates, especially from major players like Maybank, CIMB, RHB, UOB, OCBC, DBS, Bank of China, and Citibank.
What is immediately clear is that the best fixed deposit rates vary widely depending on deposit size, tenure, and whether you qualify for preferred or premier banking tiers. This makes the search for the best fixed deposit in June 2026 more nuanced than simply picking the highest headline rate. Some banks offer exceptional short‑term promotions, others reward larger deposits, and a few stand out for their low minimum placement requirements. With so many options available, evaluating the best 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) 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.
UOB fixed deposit rates remain attractive for savers looking for short‑ to mid‑term guaranteed returns, especially with the bank’s promotional tiers for customers who hold eligible Wealth Products. For the 6‑month tenure, UOB fixed deposit rates start at 1.10% p.a., while customers with qualifying Wealth Products enjoy a higher 1.20% p.a., with a minimum placement of S$10,000. This structure allows savers to benefit from enhanced yields when they consolidate their banking and investment relationships with UOB, making the 6‑month option a flexible and rewarding choice for those seeking liquidity without sacrificing returns.
For longer commitments, UOB fixed deposit rates for the 10‑month and 12‑month tenures offer even more compelling returns. Standard placements earn 1.15% p.a., while customers with eligible Wealth Products receive a boosted 1.25% p.a., again 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 policies, provided they are held under the same name at the time of placing fresh funds. These enhanced UOB fixed deposit rates, available exclusively through Relationship Managers or Client Advisors, make the mid‑term tenures particularly appealing for savers who want to maximise returns while maintaining a low‑risk profile.
Tenure: 6 months
Interest Rate: 1.10% p.a. / 1.20% p.a. (* Promotional Interest rate for customers with Wealth Products)
Minimum Amount: S$10,000
Tenure: 10 months, 12 months
Interest Rate: 1.15% p.a. / 1.25% 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 bank fixed deposit rates continue to appeal to savers who prioritise stability, predictable returns, and the convenience of digital banking. For the 12‑month tenure, OCBC bank fixed deposit rates stand at 1.05% p.a. when placed at an OCBC branch, while customers who opt for Internet Banking enjoy a slightly higher 1.10% p.a., with a minimum placement of S$20,000. This small but meaningful digital‑placement advantage reflects OCBC’s ongoing push toward online transactions, making it easier for customers to secure better returns without visiting a physical branch. For individuals seeking a straightforward, low‑risk parking place for their funds, the 12‑month OCBC bank fixed deposit rates remain a dependable option.
For those willing to lock in funds a little longer, the 18‑month OCBC bank fixed deposit rates offer a modest step up. Branch placements earn 1.10% p.a., while Internet Banking placements again receive a slight boost at 1.15% p.a., also requiring a minimum of S$20,000. This tiered structure reinforces OCBC’s strategy of rewarding digital users while providing competitive mid‑term returns in a low‑interest environment. Overall, OCBC bank fixed deposit rates across both tenures provide a stable, low‑volatility choice for savers who value guaranteed returns and the convenience of managing deposits online.
Tenure: 12 months
Interest Rate: 1.05% p.a. (OCBC Branch) / 1.10% (Internet Banking)
Minimum Amount: S$20,000
Tenure: 18 months
Interest Rate: 1.10% p.a. (OCBC Branch) / 1.15% (Internet Banking)
Minimum Amount: S$20,000
DBS Fixed Deposit Rates
DBS fixed deposit rates offer simple, steady returns for savers who prefer short‑term placements with low minimum amounts. For the 6‑month tenure, DBS fixed deposit rates are set at 0.80% p.a., available for deposits ranging from S$1,000 to S$19,999. This makes it accessible for individuals who want a safe place to park smaller sums while still earning guaranteed interest. The structure is straightforward, appealing to conservative savers who value predictability and flexibility without needing to commit large amounts of capital.
For those willing to extend their placement slightly, DBS fixed deposit rates improve across the 7‑month and 8‑ to 12‑month tenures. The 7‑month option offers 0.95% p.a., while the 8‑ to 12‑month range provides a flat 1.00% p.a., maintaining the same minimum deposit requirement of S$1,000 to S$19,999. These DBS fixed deposit rates reward savers who can commit to a longer lock‑in period, offering a modest but meaningful step‑up in returns. Overall, the tiered structure ensures that DBS fixed deposit rates remain competitive for small‑amount savers seeking stability and guaranteed earnings.
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
CIMB fixed deposit rates remain highly competitive for savers who want attractive returns across short‑ to mid‑term tenures with a relatively low entry amount. For the 3‑month tenure, CIMB fixed deposit rates start at 1.30% p.a. for Personal Banking and 1.35% p.a. for Preferred Banking, with a minimum placement of S$10,000. This makes CIMB fixed deposit rates appealing to individuals who want a safe, short‑term parking place for their funds while still earning a yield that is meaningfully higher than standard savings accounts.
For those willing to lock in their funds a little longer, CIMB fixed deposit rates become even more attractive at the 6‑, 9‑, and 12‑month tenures. The 6‑month CIMB fixed deposit rates offer 1.35% p.a. (Personal Banking) and 1.40% p.a. (Preferred Banking), while the 9‑month tenure steps up further to 1.45% p.a. and 1.50% p.a. respectively, representing the highest CIMB fixed deposit rates across these options. Even at 12 months, CIMB fixed deposit rates stay competitive at 1.40% p.a. for Personal Banking and 1.45% p.a. for Preferred Banking, all with the same S$10,000 minimum. Overall, CIMB fixed deposit rates provide a strong blend of flexibility, accessibility, and yield for both regular and preferred customers.
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: 1.35% p.a. (Personal Banking) / 1.40% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 9 months
Interest Rate: 1.45% p.a. (Personal Banking) / 1.50% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 12 months
Interest Rate: 1.40% p.a. (Personal Banking) / 1.45% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Hong Leong Finance Fixed Deposit Rates
Below are Hong Leong Finance’s special fixed deposit promotion in June 2026.
Tenure: 6 months
Interest Rate: 1.28% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months or 12 months
Interest Rate: 1.30% 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 or 12 months
Interest Rate: 1.33% p.a.
Minimum Amount: S$20,000 and above
RHB Bank Fixed Deposit Rates
RHB Bank’s fixed deposit rates for June 2026 offer a steady, low‑risk option for savers who want predictable returns without market volatility. Across all tenures, the minimum placement remains at S$20,000, with Personal Banking customers receiving 1.30% p.a. for three months and 1.40% p.a. for both six and twelve-month placements. Premier Banking clients enjoy a slight uplift, with rates of 1.40% p.a. for three months and 1.50% p.a. for both six‑ and twelve‑month tenures. This tiered structure reflects RHB’s approach of rewarding deeper banking relationships while maintaining accessible entry points for regular savers.
The three‑month option suits those who prioritise liquidity, offering a short commitment period while still delivering a return above typical savings accounts. Meanwhile, the six and twelve‑month tenures appeal to investors who prefer locking in a higher yield for a longer period, especially in an environment where interest rates may fluctuate later in the year. With consistent rates across the mid‑ and long‑term tenures, RHB provides a straightforward, stable proposition for individuals seeking capital preservation and predictable income through fixed deposits.
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: 1.40% p.a. (Personal Banking) / 1.50% p.a. (Premier Banking)
Minimum Amount: S$20,000
MayBank2u Singapore Fixed Deposit Rates
Maybank time deposit rates continue to attract savers who want higher‑than‑average returns through promotional placements. For the 6‑month tenure, Maybank time deposit rates offer a strong 1.55% p.a. under the Deposits Bundle Promotion, available exclusively at branches, with a minimum placement of S$20,000. This makes the short‑term Maybank time deposit rates particularly appealing for customers who prefer a higher yield within a relatively brief lock‑in period, especially when compared to standard market offerings.
For longer commitments, Maybank time deposit rates for the 9‑month and 12‑month tenures provide a competitive 1.45% p.a. under the same Deposits Bundle Promotion, available both at branches and online. With the same minimum deposit requirement of S$20,000, these tenures offer flexibility for savers who want to secure stable returns while enjoying the convenience of online placement. Overall, Maybank time deposit rates remain a strong choice for individuals seeking reliable, promotional‑boosted returns across short‑ and mid‑term horizons.
Tenure: 6 months
Interest Rate: 1.55% p.a. Deposits Bundle Promotion (Only at branches)
Minimum Amount: S$20,000
Tenure: 9 months or 12 months
Interest Rate: 1.45% 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 one of the most accessible and competitive options for savers in Singapore, especially through Mobile Banking. For shorter tenures, the 1‑month rate begins at 1.10% p.a., rising to 1.20% p.a. for 2 months, and 1.30% p.a. for both 3‑month and 5‑month placements. Each of these tenures requires only a minimum deposit of S$500, making Bank of China fixed deposit rates ideal for individuals who prefer flexibility and convenience while earning steady returns. This low entry threshold allows even small savers to benefit from guaranteed interest without the need for large capital commitments.
For those willing to lock in funds longer, Bank of China fixed deposit rates become even more appealing. The 6‑month and 9‑month tenures offer 1.38% p.a., while the 12‑month tenure provides the highest rate of 1.40% p.a., all available via Mobile Banking with the same S$500 minimum. Longer‑term options such as 18‑month and 24‑month placements maintain a solid 1.35% p.a., giving savers consistent returns over extended periods. With its combination of competitive yields, flexible tenures, and low minimum deposit requirements, Bank of China fixed deposit rates remain a standout choice for both short‑term and long‑term savers seeking stability and convenience.
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
Interest Rate: 1.30% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 5 months
Interest Rate: 1.30% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 6 months
Interest Rate: 1.38% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 9 months
Interest Rate: 1.38% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 12 months
Interest Rate: 1.40% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 18 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 24 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Citibank Fixed Deposit Interest Rates
Citibank Fixed Deposit Rates offer a clear distinction between new-to-bank customers and existing customers, with significantly higher promotional rates for larger fresh‑fund placements. For new customers, Citibank Fixed Deposit Rates for the 3‑month tenure start at 1.30% p.a. for deposits between S$350,000 and under S$1,500,000, and rise to 1.50% p.a. for deposits between S$1,500,000 and S$5,000,000. The 6‑month tenure follows a similar tiered structure, offering 1.20% p.a. and 1.40% p.a. respectively for the same deposit ranges. These Citibank Fixed Deposit Rates are designed to reward high‑net‑worth individuals bringing in substantial fresh funds, making them particularly attractive for affluent savers 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 1.20% p.a., while Accredited Investor (AI) customers enjoy a higher 1.25% p.a., with a broad minimum deposit range of S$10,000 to under S$10,000,000. The 6‑month tenure offers 1.10% p.a. for eligible customers and 1.15% 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: 1.30% p.a. (Eligible Customer)
Minimum Amount: S$350,000 to < S$1,500,000
Tenure: 3 months
Interest Rate: 1.50% 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: 1.20% p.a. (Eligible Customer) / 1.25% p.a. (Eligible Accredited Investor (AI) Customer)
Minimum Amount: S$10,000 to < S$10,000,000
Tenure: 6 months
Interest Rate: 1.10% p.a. (Eligible Customer) / 1.15% p.a. (Eligible Accredited Investor (AI) Customer)
Minimum Amount: S$10,000 to < S$10,000,000
Best Fixed Deposit in June 2026: Which Local Bank Offer the Best Fixed Deposit in Singapore?
When comparing all the fixed deposit rates across Singapore’s major banks and finance houses, Maybank currently offers the best fixed deposit in Singapore with its 1.55% p.a. for 6 months under the Deposits Bundle Promotion. This is the highest rate among all local and foreign banks for mid‑term placements, though it requires a minimum of S$20,000 and must be placed at branches only. For savers who want the highest possible return without locking in funds for too long, Maybank is the clear leader.
However, the best fixed deposit also depends on your deposit size and customer tier. CIMB offers some of the strongest rates for general customers, with up to 1.50% p.a. for 9 months under Preferred Banking and 1.45% p.a. for 12 months, all with a relatively low S$10,000 minimum. RHB is equally competitive for Premier Banking clients, offering 1.50% p.a. for 6‑ or 12‑month placements, making it a top choice for those with deeper banking relationships. Meanwhile, Bank of China stands out for accessibility, offering up to 1.40% p.a. for 12 months via Mobile Banking with a very low S$500 minimum, making it ideal for smaller savers.
For customers who prioritise digital convenience or smaller deposit amounts, OCBC and DBS offer stable but lower rates, while UOB provides enhanced returns for customers who hold eligible Wealth Products, reaching up to 1.25% p.a. for 12 months. Overall, the best fixed deposit in Singapore depends on your profile:
- Highest overall rate: Maybank (1.55% p.a.)
- Best mid‑term rates for general customers: CIMB
- Best for Premier clients: RHB
- Best for small deposits: Bank of China
- Best for Wealth Product customers: UOB
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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.