Best Fixed Deposit Rates in June 2025

Are you looking for the best fixed deposit rates in June 2025? Recently, Fixed deposit interest rates in Singapore had seen a decline, with many banks lowering their rates, including UOB, OCBC, and CIMB. At various forums, fellow financial bloggers had also shared with me that the return rates for SGS T Bills is going to fall below 2%. Despite falling interest rates, there are still attractive fixed deposit promotions if you screen through all the banks.

Fixed deposits are low risk in nature and at times, Singapore banks may offer attractive interest rates as part of their fixed deposition promotion. The most important thing is that your principal and interest return is guaranteed.

Last month, the Fed announced that they will be keeping interest rates unchanged for the moment because President Donald Trump’s tariffs have created “so much uncertainty”. It is important to know the relation between Fed rate changes and fixed deposit interest rates.

Do you know what are fixed deposits? Fixed deposits are sometimes also termed as time deposits. Fixed deposits or time deposits are a type of investment offered by banks and financial institutions where an individual deposits a sum of money for a fixed period of time at a pre-determined interest rate. The money is locked in for the specified period, which can range from a few months to several years.

Fixed deposits are considered a safe investment option as they offer guaranteed returns and are not subject to market fluctuations. The interest earned on a fixed deposit is usually higher than that earned on a regular savings account, making it an attractive choice for individuals looking to grow their savings in a secure manner.

Which Bank Offer the Best Fixed Deposit Rate in Singapore?

As usual, let us take a look at the interest rates offered by several Singapore Banks below. I have highlighted those rates in green whereby I think they offered the best value from each bank.

Bank of China Fixed Deposit Rates

I noticed that Bank of China had increased the minimum amount from S$10,000 to S$20,000 for over-the-counter fixed deposit placement.

Tenure: 1 month, 2 months
Interest Rate: 1.85% p.a. (Over the counter) / 2.10% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter) / S$500 and above (via Mobile Banking)

Tenure: 3 months, 4 months or 5 months
Interest Rate: 1.90% p.a. (Over the counter) / 2.15% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter) / S$500 and above (via Mobile Banking)

Tenure: 6 months
Interest Rate: 1.95% p.a. (Over the counter) / 2.20% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter or via Mobile Banking)

Tenure: 6 months
Interest Rate: 2.15% p.a. (via Mobile Banking)
Minimum Amount: S$500 (via Mobile Banking)

Tenure: 9 months
Interest Rate: 1.90% p.a. (Over the counter) / 2.15% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter) / S$500 and above (via Mobile Banking)

Tenure: 12 months
Interest Rate: 1.90% p.a. (Over the counter) / 2.15% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter or via Mobile Banking)

Tenure: 12 months
Interest Rate: 2.10% p.a. (via Mobile Banking)
Minimum Amount: S$500 (via Mobile Banking)

Tenure: 18 months
Interest Rate: 1.75% p.a. (Over the counter) / 2.00% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter) / S$500 and above (via Mobile Banking)

Tenure: 24 months
Interest Rate: 1.65% p.a. (Over the counter) / 1.90% p.a. (via Mobile Banking)
Minimum Amount: S$20,000 and above (Over the Counter) / S$500 and above (via Mobile Banking)

Citibank Fixed Deposit Interest Rates

Tenure: 3 months or 6 months
Interest Rate: 2.10% p.a.
Minimum Amount: S$50,000 to S$3 million

Singapore favourite bank DBS kept its fixed deposit interest rates as the same since March 2025.

Tenure: 6 months
Interest Rate: 2.15% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 7 months
Interest Rate: 2.30% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 8 months or 9 months
Interest Rate: 2.35% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 10 months or 11 months
Interest Rate: 2.40% p.a.
Minimum Amount: S$1,000 to $$19,999

Tenure: 12 months
Interest Rate: 2.45% p.a.
Minimum Amount: S$1,000 to $$19,999

Hong Leong Finance Fixed Deposit Rates

Below are Hong Leong Finance’s interest rates if you make a Fixed Deposit placement ONLINE via HLF Digital.

Tenure: 7 months
Interest Rate: 2.00% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 10 months
Interest Rate: 1.80% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 13 months
Interest Rate: 1.75% p.a.
Minimum Amount: S$5,000 to S$19,999

Tenure: 7 months
Interest Rate: 2.05% p.a.
Minimum Amount: S$20,000 and above

Tenure: 10 months
Interest Rate: 1.85% p.a.
Minimum Amount: S$20,000 and above

Tenure: 13 months
Interest Rate: 1.80% p.a.
Minimum Amount: S$20,000 and above

Below are Hong Leong Finance’s interest rates if you make a placement at the branch.

Tenure: 7 months
Interest Rate: 1.95% p.a.
Minimum Amount: S$20,000 to S$49,999

Tenure: 10 months
Interest Rate: 1.75% p.a.
Minimum Amount: S$20,000 to S$49,999

Tenure: 13 months
Interest Rate: 1.70% p.a.
Minimum Amount: S$20,000 to S$49,999

Tenure: 7 months
Interest Rate: 2.00% p.a.
Minimum Amount: S$50,000 and above

Tenure: 10 months
Interest Rate: 1.80% p.a.
Minimum Amount: S$50,000 and above

Tenure: 13 months
Interest Rate: 1.75% p.a.
Minimum Amount: S$50,000 and above

RHB Bank Fixed Deposit Rates

Tenure: 3 months, 6 months or 12 months
Interest Rate: 2.00% p.a. (Personal Banking) / 2.10% p.a. (Premier Banking)
Minimum Amount: S$20,000

MayBank2u Singapore Fixed Deposit Rates

Tenure: 6 months
Interest Rate: 2.05% p.a. (Branch) / 1.80% (iSAVvy Time Deposit via Internet Banking)
Minimum Amount: S$20,000

Tenure: 9 months
Interest Rate: 2.15% p.a. (Branch) / 1.85% (iSAVvy Time Deposit via Internet Banking)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 2.05% p.a. (Branch) / 1.80% (iSAVvy Time Deposit via Internet Banking)
Minimum Amount: S$20,000

Best Fixed Deposit Rates in June 2025

In June, fixed deposit rates continued to trend lower as compared to previous month. Similar to May, the interest rates for shorter term fixed deposits are more favourable than longer term fixed deposits. This makes sense as the current market is volatile, and interest rates are unpredictable. Banks would offer higher interest rates for short term deposits.

DBS Singapore continued to offer the highest fixed deposit interest rate at 2.45% per annum for a 12-months tenure. If you are looking for a shorter tenure, my preference will be CIMB Bank’s 3-month fixed deposit place at 2.15% per annum.

Where is the best place to park your money? The best place right now may no longer be the UOB Stash Savings Account as I just received news that UOB is also revising its UOB Stash Savings Account interest rates. If you have 100K, you should grab the opportunity and stash 20K into DBS Singapore 12-month Fixed Deposit at 2.45% per annum. For the remaining 80K, you can split them up and invest in the next highest return based on the above list of 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.