Best Fixed Deposit Rates in May 2026 are becoming a key focus for savers who want to secure the best fixed deposit rates in Singapore during a period of shifting interest‑rate conditions. With banks such as Maybank, RHB, CIMB, UOB, OCBC, DBS, Citibank, and Bank of China offering a wide range of competitive promotions, the landscape for the best fixed deposit rates in May 2026 is more attractive than ever. From Maybank’s standout 1.55% p.a. for 6 months to RHB’s 1.50% p.a. for 6‑ and 12‑month Premier Banking placements, the best fixed deposit rates in Singapore now provide strong short‑ and mid‑term options for savers seeking guaranteed returns.
As banks adjust their offerings, comparing the best fixed deposit rates in May 2026 is essential for anyone looking to maximise yield while maintaining capital safety. High‑value promotions such as Citibank’s 1.50% p.a. for 3 months for new‑to‑bank customers, CIMB’s 1.40% p.a. for 9 months (Preferred Banking), and Bank of China’s 1.40% p.a. for 9 months highlight how competitive the market has become. Whether placing S$500 via mobile banking or over S$1.5 million in fresh funds, savers can now access some of the best fixed deposit rates in Singapore, tailored to different financial goals and risk preferences.
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
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 1.15% 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 1.20% 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. / 1.15% 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. / 1.20% 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 continue to stand out for savers who want competitive returns across short‑, mid‑, and longer‑term tenures. For the 3‑month placement, CIMB fixed deposit rates start at 1.25% p.a. for Personal Banking customers and 1.30% p.a. for Preferred Banking customers, with a minimum deposit of S$10,000. The returns step up further for the 6‑month tenure, offering 1.30% p.a. for Personal Banking and 1.35% p.a. for Preferred Banking. These short‑term CIMB fixed deposit rates appeal to individuals who want flexibility while still enjoying higher‑than‑average yields.
For those comfortable with a longer lock‑in, CIMB fixed deposit rates become even more attractive at the 9‑month and 12‑month tenures. The 9‑month option offers 1.35% p.a. for Personal Banking and 1.40% p.a. for Preferred Banking, making it the highest‑yielding tenure among the options. Meanwhile, the 12‑month tenure provides 1.30% p.a. and 1.35% p.a. respectively, maintaining strong returns for a full‑year commitment. With consistent minimum placement requirements and clear tiering between Personal and Preferred Banking, CIMB fixed deposit rates remain a compelling choice for savers seeking stable, guaranteed growth across multiple time horizons.
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: 1.35% p.a. (Personal Banking) / 1.40% 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 special fixed deposit promotion with attractive fixed deposit interest rates of 1.48% for a 1-month or 2-month or 3-month over the counter fixed deposit placement.
Tenure: 1 months or 2months or 3 months
Interest Rate: 1.48% p.a. (Over the counter only)
Minimum Amount: S$10,000 and above
Below are Hong Leong Finance’s special fixed deposit promotion in May 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 May 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 remain highly competitive, especially for savers who prefer the convenience of placing deposits via Mobile Banking. Across the shorter tenures, Bank of China fixed deposit rates start at 1.10% p.a. for 1 month, rising to 1.20% p.a. for 2 months, and 1.30% p.a. for both 3‑month and 5‑month placements. All these tenures require only a minimum of S$500, making them accessible for everyday savers. The returns improve further at the mid‑range, with 6‑month and 9‑month Bank of China fixed deposit rates offering 1.38% p.a. for deposits starting from S$500, giving customers a strong balance between yield and flexibility.
For those able to commit larger sums or longer periods, Bank of China fixed deposit rates offer even more attractive options. A special 9‑month tier provides 1.40% p.a. for deposits of S$20,000 and above, rewarding customers who can place higher amounts. Meanwhile, the 12‑month and 18‑month tenures both offer 1.35% p.a., again with a low minimum of S$500, making them appealing for savers seeking stable, guaranteed returns over a longer horizon. With its wide range of tenures, low entry amounts, and competitive yields, Bank of China fixed deposit rates continue to stand out for both short‑term and long‑term savers.
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: 9 months
Interest Rate: 1.40% 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: 18 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: 1.20% p.a. (Eligible Customer)
Minimum Amount: S$350,000 to < S$1,500,000
Tenure: 6 months
Interest Rate: 1.40% 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 Rates in Singapore May 2026: Which Local Bank Offer the Best Fixed Deposit in Singapore?
When comparing which local bank offers the best fixed deposit in Singapore, Maybank clearly stands out in May 2026 with the strongest short‑term promotional rate. Its 1.55% p.a. for a 6‑month tenure, available under the Deposits Bundle Promotion at branches, is the highest rate offered by any local bank during this period. This makes Maybank the top choice for savers who want a high return without committing to a long lock‑in period, especially those comfortable placing at least S$20,000.
CIMB and RHB also offer highly competitive fixed deposit options, each appealing to different customer profiles. CIMB provides some of the most attractive mid‑term rates, with returns reaching 1.40% p.a. for 9 months under Preferred Banking and strong rates across the 6‑ and 12‑month tenures with a relatively low minimum deposit of S$10,000. RHB, on the other hand, rewards Premier Banking clients with 1.50% p.a. for both 6‑ and 12‑month placements, matching Maybank’s mid‑term strength and offering a compelling option for customers with deeper banking relationships.
UOB, OCBC, and DBS round out the landscape with competitive but more specialised offerings. UOB’s promotional rates benefit customers who hold eligible Wealth Products, while OCBC provides higher returns for digital placements, such as 1.15% p.a. for 18 months via Internet Banking. DBS remains the most accessible option for smaller savers, offering fixed deposit placements starting from just S$1,000, though at lower rates compared to other banks. Together, these choices show that the best fixed deposit in Singapore depends on your deposit size, preferred tenure, and banking relationship, with each local bank offering strengths tailored to different financial needs.
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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.