Best fixed deposit rates in August 2026 in Singapore are especially attractive, as banks roll out National Day promotions to celebrate Singapore’s birthday. With interest rates gradually stabilising, many banks are using this festive period to offer enhanced yields across short‑ and mid‑term tenures, giving savers more opportunities to lock in guaranteed returns. These National Day promotions make the best fixed deposit rates in Singapore even more compelling, particularly for individuals who want predictable growth while taking advantage of limited‑time offers tied to the nation’s 61st birthday.
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.
Across the market, the best fixed deposit rates in Singapore now span a wide range of tenures and minimum placement amounts, allowing savers to choose options that match their liquidity needs. Several banks are offering promotional uplifts for digital placements, relationship‑based tiers, or bundle promotions that combine deposits with wealth products. This creates a competitive landscape where the best fixed deposit rates in Singapore reward both small depositors and high‑balance customers. With multiple banks participating in National Day promotions, August 2026 stands out as one of the most favourable months for securing higher‑than‑usual fixed deposit returns.
For short‑term savers, the best fixed deposit rates in Singapore include attractive 3‑ to 6‑month options that balance liquidity with guaranteed yields. These rates are ideal for individuals who prefer flexibility while still benefiting from festive promotional uplifts. Meanwhile, mid‑term tenures such as 9‑ and 12‑month placements offer even stronger returns, making them suitable for savers who want to lock in higher yields before interest rates potentially soften further. The variety of choices ensures that the best fixed deposit rates in Singapore cater to different financial goals and risk preferences.
Overall, August 2026 presents a rare opportunity for savers to secure some of the best fixed deposit rates in Singapore thanks to National Day promotions and competitive offerings across local and foreign banks. Whether placing S$500 or S$200,000, customers can find enhanced rates that deliver stable, predictable growth. With banks actively celebrating Singapore’s National Day through special fixed deposit promotions, this month offers one of the most rewarding environments for locking in guaranteed returns.
UOB Fixed Deposit Rates
Fixed deposits UOB continue to attract savers who want stable, predictable returns with flexible tenure options. For the 6‑month placement, fixed deposits UOB offer 1.20% p.a., with an enhanced 1.25% p.a. rate for customers who hold eligible Wealth Products, based on a minimum fresh‑funds placement of S$10,000. This short‑term tenure is ideal for individuals who prefer liquidity while still securing a guaranteed yield. The promotional tier for Wealth Product customers makes fixed deposits UOB particularly appealing for those who already maintain investment or insurance relationships with the bank.
For longer commitments, fixed deposits UOB provide even more attractive returns across the 10‑month and 12‑month tenures. The 10‑month rate starts 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 the same minimum deposit requirement 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 placement. These enhanced rates, available exclusively through Relationship Managers or Client Advisors make mid‑term fixed deposits UOB a compelling choice for savers seeking higher guaranteed returns with minimal risk.
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
Fixed deposit OCBC rate offerings remain a dependable choice for savers who want guaranteed returns with simple placement requirements. For the 6‑month tenure, the fixed deposit OCBC rate stands at 1.20% p.a. when placed at branches, while Internet Banking offers a slightly higher 1.25% p.a., with a minimum deposit of S$20,000. This short‑term option is suitable for individuals who prefer liquidity but still want to earn a stable yield, and the digital‑only uplift continues to reward customers who place their funds online.
For longer commitments, the fixed deposit OCBC rate becomes even more attractive across the 12‑month and 18‑month tenures. Both durations offer 1.25% p.a. at OCBC branches and 1.30% p.a. via Internet Banking, maintaining the same minimum placement of S$20,000. These mid‑term fixed deposit OCBC rate options provide predictable returns for savers who prefer a hands‑off approach, with online placements once again delivering a meaningful boost in interest for customers who choose 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 or 18 months
Interest Rate: 1.25% p.a. (OCBC Branch) / 1.30% (Internet Banking)
Minimum Amount: S$20,000
DBS Fixed Deposit Rates
DBS fixed deposit rate options remain a simple and accessible choice for savers who prefer short‑term placements with low minimum amounts. For the 6‑month tenure, the DBS fixed deposit rate is 0.80% p.a., available for deposits between S$1,000 and S$19,999. This entry‑level tier is ideal for individuals who want guaranteed returns without committing large sums, making it a practical option for parking smaller amounts while maintaining liquidity. The straightforward structure ensures that the DBS fixed deposit rate appeals to conservative savers who value stability and predictability.
For slightly longer commitments, the DBS fixed deposit rate improves across the 7‑month and 8‑ to 12‑month tenures. The 7‑month placement offers 0.95% p.a., while the 8‑ to 12‑month range provides a flat 1.00% p.a., all within the same minimum deposit band of S$1,000 to S$19,999. These incremental increases reward savers who can lock in their funds for a longer period, offering modest yet reliable returns. Overall, the tiered DBS fixed deposit rate structure gives small‑amount savers flexible options to grow their funds with guaranteed interest and minimal risk.
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
SCB fixed deposit rates offer attractive returns for savers who can commit to a minimum placement of S$25,000, with tiered interest depending on the banking relationship. For a 6‑month tenure, the Personal Banking SCB fixed deposit rates start at 1.30% p.a., providing a solid short‑term yield for individuals seeking predictable returns. Customers under Priority Banking enjoy a higher 1.40% p.a., reflecting Standard Chartered’s emphasis on rewarding deeper banking relationships. These structured tiers make SCB fixed deposit rates appealing for those who want flexibility while still benefiting from enhanced interest.
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 offer one of the most attractive short‑ to mid‑term returns among local banks, especially for savers who prefer guaranteed yields with a modest minimum placement of S$10,000. For the 3‑month tenure, CIMB fixed deposit rates start at 1.35% p.a. for Personal Banking customers and rise to 1.40% p.a. for Preferred Banking customers, making it a strong option for individuals who want liquidity without sacrificing returns. This short‑term placement is ideal for savers who prefer flexibility while still benefiting from competitive yields.
For longer commitments, CIMB fixed deposit rates become even more compelling across the 6‑month, 9‑month, and 12‑month tenures. The 6‑month rate offers 1.50% p.a. (Personal Banking) and 1.55% p.a. (Preferred Banking), while both the 9‑month and 12‑month tenures provide 1.55% p.a. and 1.60% p.a. respectively. These higher rates reward customers who can lock in their funds for a longer period, offering stable, predictable growth with minimal risk. Overall, CIMB fixed deposit rates present a strong blend of accessibility, flexibility, and yield for both regular and preferred customers.
Tenure: 3 months
Interest Rate: 1.35% p.a. (Personal Banking) / 1.40% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 6 months
Interest Rate: 1.50% p.a. (Personal Banking) / 1.55% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Tenure: 9 months or 12 months
Interest Rate: 1.55% p.a. (Personal Banking) / 1.60% p.a. (Preferred Banking)
Minimum Amount: S$10,000
Hong Leong Finance Fixed Deposit Rates
Hong Leong Finance’s fixed deposit promotion for August 2026 offers competitive returns for savers who can commit at least S$20,000 in fresh funds. The 6‑month tenure pays 1.35% p.a., while the 9‑month option offers 1.40% p.a., giving customers a meaningful uplift for locking in funds slightly longer. For those comfortable with a full‑year placement, the 12‑month tenure provides 1.45% p.a., making it the highest rate among Hong Leong Finance’s branch‑based fixed deposit promotions this month. These straightforward, no‑frills rates appeal to savers seeking stable returns with predictable growth.
For customers who prefer digital placements, HLF Digital offers additional flexibility with lower minimum amounts starting from S$5,000. Online placements earn 1.30% p.a. for 6 months, 1.35% p.a. for 9 months, and 1.40% p.a. for 12 months. Savers placing S$20,000 and above online enjoy the same promotional rates as branch placements: 1.35% p.a. (6 months), 1.40% p.a. (9 months), and 1.45% p.a. (12 months). This dual‑tier structure allows both smaller and larger depositors to benefit from Hong Leong Finance’s August 2026 fixed deposit promotions, with digital banking providing a convenient alternative for securing guaranteed returns.
Below are Hong Leong Finance’s fixed deposit promotion in August 2026.
Tenure: 6 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$20,000 and above
Tenure: 12 months
Interest Rate: 1.45% 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: 1.30% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 9 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 12 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$5,000 to S$19,999
Tenure: 6 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$20,000 and above
Tenure: 9 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$20,000 and above
Tenure: 12 months
Interest Rate: 1.45% p.a.
Minimum Amount: S$20,000 and above
RHB Bank Fixed Deposit Rates
RHB fixed deposit rates continue to offer competitive short‑ to mid‑term returns for savers who can commit a minimum placement of S$20,000. For the 3‑month tenure, RHB fixed deposit rates start at 1.30% p.a. for Personal Banking customers, rising to 1.40% p.a. for Premier Banking clients. This short‑term option is ideal for individuals who prefer liquidity while still earning a meaningful uplift, especially those who qualify for Premier Banking’s enhanced tier.
For longer commitments, RHB fixed deposit rates become even more attractive across the 6‑month and 12‑month tenures. The 6‑month rate offers 1.60% p.a. (Personal Banking) and 1.70% p.a. (Premier Banking), while the 12‑month tenure provides 1.65% p.a. and 1.75% p.a. respectively. These higher rates reward customers who can lock in their funds for a longer period, offering stable, predictable growth with guaranteed returns. Overall, RHB fixed deposit rates present a compelling option for savers seeking strong yields across both short‑ and mid‑term placements.
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: 1.60% p.a. (Personal Banking) / 1.70% p.a. (Premier Banking)
Minimum Amount: S$20,000
Tenure: 12 months
Interest Rate: 1.65% p.a. (Personal Banking) / 1.75% p.a. (Premier Banking)
Minimum Amount: S$20,000
MayBank2u Singapore Fixed Deposit Rates
Maybank2u Singapore fixed deposit rates continue to offer competitive returns for savers who prefer predictable yields with a minimum placement of S$20,000. For the 9‑month tenure, the Maybank2u Singapore fixed deposit rates stand at 1.45% p.a. under the Deposits Bundle Promotion, available both at branches and online. This mid‑term option is suitable for individuals who want a balance between liquidity and enhanced returns, especially those who already maintain qualifying products with the bank.
For a longer commitment, the 12‑month Maybank2u Singapore fixed deposit rates provide an attractive 1.65% p.a. under the same promotion. This higher rate rewards savers who can lock in funds for a full year, offering stable, guaranteed growth amid a moderating interest‑rate environment. With consistent promotional rates across both branch and online placements, Maybank2u Singapore fixed deposit rates remain a strong choice for customers seeking reliable returns with minimal risk.
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
BOC fixed deposit rates continue to offer a wide range of short‑ to mid‑term options, all available conveniently via Mobile Banking. For very short placements, the 1‑month and 2‑month tenures provide 1.10% p.a. and 1.20% p.a. respectively, with a low minimum of S$500, making them accessible for savers who prefer maximum liquidity. For slightly longer commitments, the 3‑month and 5‑month BOC fixed deposit rates rise to 1.35% p.a., offering a meaningful uplift while still keeping funds relatively flexible. These entry‑level tiers are ideal for individuals who want guaranteed returns without locking in large amounts.
For savers who can commit more, BOC fixed deposit rates become even more attractive. The 6‑month and 9‑month tenures offer 1.50% p.a. for deposits starting from S$500, while customers placing S$200,000 and above enjoy a premium 1.55% p.a. across 6‑, 9‑, and 12‑month tenures. Longer‑term options of 18 months and 24 months provide 1.40% p.a., giving conservative savers predictable returns over an extended period. Overall, BOC fixed deposit rates offer a flexible structure that caters to both small depositors and high‑balance customers seeking stable, guaranteed yields.
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: 1.50% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Tenure: 6 months, 9 months or 12 months
Interest Rate: 1.55% p.a. (via Mobile Banking)
Minimum Amount: S$200,000 and above (via Mobile Banking)
Tenure: 18 months or 24 months
Interest Rate: 1.40% p.a. (via Mobile Banking)
Minimum Amount: S$500 and above (via Mobile Banking)
Citibank Fixed Deposit Interest Rates
Citibank fixed deposit rates continue to offer competitive short‑term returns for both new and existing customers, with simple placement requirements and attractive yields. For the 3‑month tenure, the Citibank fixed deposit rates stand at 1.40% p.a. for eligible customers, with a broad minimum placement range from S$10,000 to S$10,000,000. This short‑term option is ideal for savers who prefer liquidity while still securing a meaningful return, making it suitable for both retail and affluent customers looking to park funds temporarily at a guaranteed rate.
For a slightly longer commitment, the 6‑month Citibank fixed deposit rates offer an impressive 2.00% p.a., again available to eligible customers within the same deposit range of S$10,000 to S$10,000,000. This promotional rate provides one of the strongest mid‑term yields among major banks, rewarding savers who can lock in their funds for half a year. Overall, Citibank fixed deposit rates present a compelling blend of accessibility, flexibility, and high guaranteed returns for a wide spectrum of depositors.
New and Existing Citibank customers can enjoy the below preferential fixed deposit rates.
Tenure: 3 months
Interest Rate: 1.40% p.a. (Eligible Customer)
Minimum Amount: S$10,000 to S$10,000,000
Tenure: 6 months
Interest Rate: 2.00% p.a. (Eligible Customer)
Minimum Amount: S$10,000 to S$10,000,000
Best Fixed Deposit Rates in August 2026: Which Bank Offer the Best Fixed Deposit in Singapore?
Below is the best fixed deposit in August 2026
- Highest Overall Rate (All Banks): Citibank – 2.00% p.a., 6 months (S$10,000–S$10,000,000 minimum)
- Best Short‑Term Rate (All Banks): Citibank – 1.40% p.a., 3 months (S$10,000–S$10,000,000 minimum) CIMB Preferred also offers 1.40% p.a., but Citibank’s wide deposit range makes it more accessible.
- 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 – 1.75% p.a., 12 months (S$20,000 minimum)
- Best Finance Company Rate: Hong Leong Finance – 1.45% p.a., 12 months (S$20,000 minimum)
- Best for Smaller Deposits: Bank of China – up to 1.55% p.a., 6–12 months (S$500 minimum via Mobile Banking)
- Best Local Bank Rate: Maybank – 1.65% p.a., 12 months (S$20,000 minimum)
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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.