Singapore’s best fixed deposit rates for April 2026 are listed below, arriving at a time when interest rates have unexpectedly ticked up across several safe‑haven instruments. After months of gradual decline, this month saw a modest rebound in yields for fixed deposits, Treasury Bills, and the latest Singapore Savings Bond, an encouraging shift for savers seeking stability amid global uncertainty. With markets unsettled by the sudden escalation of conflict between the US and Iran, many investors have been reallocating funds into lower‑risk assets, and these improved rates offer a timely opportunity for those prioritising capital preservation.
Even with the broader environment still characterised by volatility, the recent uptick in returns has made it slightly easier to secure competitive yields compared to earlier in the year. That is exactly why I track and compare Singapore’s fixed deposit, T‑bill, and SSB offerings every month to help you stay informed, navigate shifting market conditions, and make confident decisions that maximise the value of your savings.
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.
Which Local 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.
This month, 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 latest fixed deposit rates offer a simple structure with slightly higher returns for customers who place their deposits online. For a 12‑month tenure, the bank provides 1.05% p.a. when the placement is made at an OCBC branch, while Internet Banking users enjoy a marginally better 1.10% p.a., with a minimum deposit of S$30,000. The 18‑month option follows the same pattern: 1.10% p.a. at branches and 1.15% p.a. online, also requiring at least S$30,000.
DBS offers a straightforward set of fixed deposit rates for smaller deposit amounts, with minimum placements starting from just S$1,000 and capped at S$19,999. The 6‑month tenure provides an interest rate of 0.80% p.a., while opting for a slightly longer 7‑month placement raises the return to 0.95% p.a. For those willing to lock in their funds for 8 to 12 months, DBS offers a flat 1.00% p.a., making the longer tenures the most rewarding within this tier.
Among the 3 local banks, I would say that UOB offers the highest fixed deposit interest rates.
UOB Fixed Deposit Rates
Below are UOB fixed deposit rates.
Tenure: 6 months, 10 months, 12 months
Interest Rate: 1.20% 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’s fixed deposit promotions for April 2026 offer stable, low‑risk returns for savers who prefer longer tenures and the convenience of digital placement. For a 12‑month commitment, OCBC provides 1.05% p.a. when placed at a branch and a slightly higher 1.10% p.a. through Internet Banking, with a minimum deposit of S$30,000. This digital uplift reflects the bank’s ongoing push toward online channels while giving customers an incentive to manage their deposits more efficiently.
For those comfortable locking in funds for an even longer period, the 18‑month tenure offers 1.10% p.a. at branches and 1.15% p.a. via Internet Banking, again with a minimum placement of S$30,000. The higher online rate makes the digital option the more rewarding choice for savers seeking predictable returns over a year and a half. While OCBC’s rates remain on the conservative side compared to some competitors, they continue to appeal to individuals who prioritise safety, stability, and the convenience of managing deposits from home.
Tenure: 12 months
Interest Rate: 1.05% p.a. (OCBC Branch) / 1.10% (Internet Banking)
Minimum Amount: S$30,000
Tenure: 18 months
Interest Rate: 1.10% p.a. (OCBC Branch) / 1.15% (Internet Banking)
Minimum Amount: S$30,000
DBS Bank Fixed Deposit Rates
In December 2025, DBS reduced its 8 to 12 months fixed deposit interest rates drastically to 1.00% per annum. The fixed deposit rates offered by DBS remained unchanged as compared to previous months.
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
This month, CIMB is offering attractive fixed deposit interest rates of up to 1.35% for a 6-month, 9-month or 12-month fixed deposit placement.
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: 1.30% p.a. (Personal Banking) / 1.35% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 9 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.35% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 12 months
Interest Rate: 1.30% p.a. (Personal Banking) / 1.35% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Hong Leong Finance Fixed Deposit Rates
Hong Leong Finance is offering a Hari Raya fixed deposit promotion with attractive fixed deposit interest rates of 1.20% for a 5-month or 6-month fixed deposit placement.
Tenure: 5 months or 6 months
Interest Rate: 1.20% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months or 12 months
Interest Rate: 1.15% 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: 5 months, 6 months, 9 months or 12 months
Interest Rate: 1.20% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 5 months or 6 months
Interest Rate: 1.25% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months or 12 months
Interest Rate: 1.20% p.a.
Minimum Amount: S$20,000 and above
RHB Bank Fixed Deposit Rates
RHB Bank’s fixed deposit rates for April 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
Interest Rate: 1.40% p.a. (Personal Banking) / 1.50% p.a. (Premier Banking)
Minimum Amount: S$20,000
Tenure: 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
Maybank2u’s fixed deposit promotions for April 2026 provide competitive short to medium‑term options for savers who want stable returns with a relatively low minimum placement of S$20,000. The bank’s headline offer is a 6‑month Deposits Bundle Promotion available exclusively at branches, offering an attractive 1.55% p.a. for customers who prefer a shorter commitment while maximising yield.
For those comfortable locking in funds for a longer period, Maybank also extends a 1.45% p.a. promotional rate for 9 or 12‑month tenures, available both at branches and online, giving customers added flexibility in how they place their deposits. These rates position Maybank as a competitive choice for individuals seeking predictable returns amid a stabilising interest rate environment.
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’s fixed deposit rates for April 2026 cater to a wide range of savers by offering multiple tenures and tiered minimum placement amounts, all accessible conveniently through Mobile Banking. Short‑term options such as the 1, 2, and 3‑month tenures provide returns of 1.10% p.a., 1.20% p.a., and 1.30% p.a. respectively, with a low entry point of just S$500, making them suitable for individuals who prefer liquidity while still earning a modest yield. The bank also extends the same 1.30% p.a. rate to its 5 and standard 6‑month placements for balances from S$500, giving customers flexibility across short‑ to mid‑term horizons without requiring large deposits.
For savers with higher balances, Bank of China offers enhanced promotional rates that reward larger commitments. A higher‑tier 6‑month placement of S$20,000 or more earns 1.35% p.a., while the 9‑month tenure offers 1.32% p.a. for S$500 deposits and a more attractive 1.35% p.a. for S$20,000 and above.
The 12‑month option follows a similar structure, providing 1.35% p.a. for deposits from S$500 and a premium 1.40% p.a. for customers placing S$200,000 or more. This tiered approach allows Bank of China to serve both everyday savers and high‑balance customers, offering competitive returns across a broad spectrum of deposit sizes and durations.
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: 1.30% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 6 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (via Mobile Banking)
Tenure: 9 months
Interest Rate: 1.32% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 9 months
Interest Rate: 1.35% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (via Mobile Banking)
Tenure: 12 months
Interest Rate: 1.35% 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$200,000 and above (via Mobile Banking)
Citibank Fixed Deposit Interest Rates
Tenure: 12 months
Interest Rate: 0.70% p.a.
Minimum Amount: S$10,000 to S$3,000,000
Best Fixed Deposit in April 2026
Among the various banks this month, CIMB and RHB stand out with some of the most attractive fixed deposit offerings. CIMB is providing 1.30% p.a. for a 12‑month placement, while RHB edges ahead with 1.40% p.a. for both its 6‑ and 12‑month tenures. These rates make them compelling choices for savers seeking stable, low‑risk returns without locking in funds for too long.
That said, short‑term government instruments remain highly competitive. The latest Singapore Treasury Bill closed with a cut‑off yield of 1.47% p.a., slightly higher than what most fixed deposits currently offer. Meanwhile, the newest Singapore Savings Bond (SBMAY26 GX26050H) delivers a one‑year return of 1.40% p.a. if redeemed after the first year, putting it on par with the top fixed deposit promotions.
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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.