Best Fixed Deposit in November 2025

Looking for the best fixed deposit in Singapore this November 2025? You are not alone. With interest rates trending downward, it is becoming harder to find competitive returns on your spare cash. That is why I track and compare fixed deposit rates monthly to help you make informed decisions and grow your savings with the best available options.

Fixed deposits, also known as time deposits, are a straightforward investment offered by banks and financial institutions. You deposit a fixed sum for a set period, typically ranging from a few months to several years and earn a predetermined interest rate. The funds are locked in for the duration, but in return, you get guaranteed returns that are unaffected by market volatility. This makes fixed deposits a safe and reliable choice, especially for those seeking stability. The interest earned is usually higher than what you get from a regular savings account, making them ideal for conservative investors or anyone looking to park idle funds with peace of mind.

Now, while SORA (Singapore Overnight Rate Average) has been on a downward trend recently, it is important to note that fixed deposit rates are not directly pegged to SORA. Banks set their own base rates, which may be influenced by broader market conditions that SORA reflects. So even though the link is not linear, there is still a correlation.

In fact, global monetary expectations like the anticipated rate cuts this month are already prompting Singapore banks to adjust their fixed deposit rates downward. That is why locking in a good rate now could be a smart move.

For November 2025, UOB is offering 1.20% per annum for a 6-month tenure with a minimum deposit of $10,000. OCBC’s rate stands at 1.15% per annum for either 9 or 12 months, requiring a minimum of $20,000. These rates may not be the highest, but they remain competitive in a softening interest rate environment.

If you are keen to grow your savings securely, fixed deposits remain a solid option, and I will continue updating the best rates each month to help you stay ahead.

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.

Let us dive into the current fixed deposit rates from Singapore’s three leading banks.

Currently, 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. The minimum placement amount is typically $1,000, which makes it accessible to a wide range of savers. DBS also provides flexible options for different tenures, but the 12-month rate stands out as the best value for those looking to lock in a competitive return amid a declining interest rate environment. With rates softening across the board due to anticipated global monetary easing, DBS’s offering remains a strong choice for conservative investors seeking guaranteed returns.

Tenure: 6 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 7 months
Interest Rate: 1.55% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 8 to 12 months
Interest Rate: 1.60% p.a.
Minimum Amount: S$1,000 to $$19,999

CIMB Bank Fixed Deposit Rates

Tenure: 3 months
Interest Rate: 1.25% p.a. (Personal Banking) / 1.30% p.a. (Preferred Banking)
Minimum Amount: S$10,000

Tenure: 6 months
Interest Rate: 1.20% p.a. (Personal Banking) / 1.25% 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 has a Fixed Deposit 11.11 Promotion.

Tenure: 6 months
Interest Rate: 1.25% 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: 9 months or 12 months
Interest Rate: 1.15% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 15 months
Interest Rate: 0.90% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 9 months or 12 months
Interest Rate: 1.20% p.a.
Minimum Amount: S$20,000 and above

Tenure: 15 months
Interest Rate: 0.95% p.a.
Minimum Amount: S$20,000 and above

RHB Bank Fixed Deposit Rates

Tenure: 3 months
Interest Rate: 1.25% p.a. (Personal Banking) / 1.35% p.a. (Premier Banking)
Minimum Amount: S$20,000

Tenure: 6 months
Interest Rate: 1.20% p.a. (Personal Banking) / 1.30% p.a. (Premier Banking)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 1.05% p.a. (Personal Banking) / 1.15% p.a. (Premier Banking)
Minimum Amount: S$20,000

MayBank2u Singapore Fixed Deposit Rates

Tenure: 6 months
Interest Rate: 1.30% p.a. (Placement online, via Maybank2u Online Banking, Maybank2u SG app)
Minimum Amount: S$20,000

Tenure: 9 months
Interest Rate: 1.10% p.a. (Placement online, via Maybank2u Online Banking, Maybank2u SG app)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 1.15% p.a. (Placement online, via Maybank2u Online Banking, Maybank2u SG app)
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 a 3-month 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 1.40% per annum for a 6-month 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 or 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: 1.40% 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: 5 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$40,000 and above (via Mobile Banking)

Tenure: 6 months
Interest Rate: 1.40% p.a. (via Mobile Banking)
Minimum Amount: S$40,000 and above (via Mobile Banking)

Tenure: 6 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$500 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 November 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.

Among the local banks, DBS remains the leader in fixed deposit offerings. As of now, DBS Singapore provides the highest interest rate at 1.60% per annum for tenures ranging from 8 to 12 months. Maybank comes in next with a 1.30% per annum rate for a 3-month placement. For those with $40,000 or more to park, Bank of China offers a competitive 1.40% per annum for a 6-month fixed deposit.

Personally, I have renewed my 12-month fixed deposit with DBS at 1.60% per annum. If I had $100,000 to deploy, I would place it in the UOB Stash Account, which offers 1.50% per annum starting from 1st December 2025. It is a flexible option with decent returns and liquidity, ideal for balancing yield with access.

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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.