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Best fixed deposit rates October 2026 in Singapore are climbing again, with several banks raising rates right at the start of the quarter. Fixed deposits, also known as time deposits, remain one of the simplest and safest ways to grow idle cash, and October brings a noticeably stronger spread of options compared to the quieter rates seen through most of the third quarter.
Fixed deposits work by placing a fixed sum with a bank for a set tenure, ranging from a few months to a couple of years, in exchange for a guaranteed interest rate. Your funds stay locked in for the duration, but in return you get stable, predictable returns unaffected by market swings, unlike REITs or dividend stocks. Every rate below is pulled directly from each bank’s own official rates page, not a third-party aggregator, so you can click through and verify each one yourself.
Across the market, the best fixed deposit rates in Singapore this October span a wide range of tenures and minimum placement amounts. RHB, Maybank, and Bank of China are among the standouts this month, while the three local banks (DBS, UOB, OCBC) remain relatively conservative by comparison.
UOB Fixed Deposit Rates
For October 2026, UOB is running a promotion from 23 September to 31 October on 6-month and 10-month tenures, with a new 12-month tenure also added this round. The highest rate available is 1.70% p.a. on the 12-month tenure, with a minimum of S$10,000 in fresh funds required.
Tenure: 6 months
Interest Rate: 1.60% p.a.
Minimum Amount: S$10,000 (fresh funds)
Tenure: 10 months
Interest Rate: 1.65% p.a.
Minimum Amount: S$10,000 (fresh funds)
Tenure: 12 months
Interest Rate: 1.70% p.a.
Minimum Amount: S$10,000 (fresh funds)
OCBC Bank Fixed Deposit Rates
OCBC’s fixed deposit rates for October 2026 continue to reward online placements over branch visits. For a 6-month tenure, online placements earn 1.50% p.a. compared to 1.45% p.a. at branches, while the 12-month tenure pays 1.65% p.a. online versus 1.60% p.a. at branches. A minimum deposit of S$20,000 in fresh funds applies across tenures.
Tenure: 6 months
Interest Rate: 1.45% p.a. (Branch) / 1.50% p.a. (Online)
Minimum Amount: S$20,000
Tenure: 12 months
Interest Rate: 1.60% p.a. (Branch) / 1.65% p.a. (Online)
Minimum Amount: S$20,000
DBS Fixed Deposit Rates
DBS and its POSB brand remain on the same standard board rate that has held since July 2022, with no new promotional revision this month. The 8- to 12-month tenure continues to offer 1.00% p.a. for deposits between S$1,000 and S$19,999. Rates drop sharply to just 0.05% p.a. for deposits of S$20,000 or more, making DBS a poor fit for larger sums.
Tenure: 8 to 12 months
Interest Rate: 1.00% p.a.
Minimum Amount: S$1,000 to S$19,999
POSB Fixed Deposit Rates
As a DBS brand, POSB mirrors DBS’s board rate exactly: 1.00% p.a. for 8 to 12 months on S$1,000 to S$19,999, dropping to 0.05% p.a. above that. If you already bank with POSB, there is no separate advantage over going through DBS directly.
Tenure: 8 to 12 months
Interest Rate: 1.00% p.a.
Minimum Amount: S$1,000 to S$19,999
Standard Chartered Bank Fixed Deposit Rates
Standard Chartered’s current promotion is unusually narrow this month, running only from 1 to 8 October, and applies solely to a 12-month tenure. Personal Banking customers get 1.70% p.a., Priority Banking customers get 1.85% p.a., and Priority Private customers get 1.95% p.a., all requiring a minimum of S$25,000.
Tenure: 12 months
Interest Rate: 1.70% p.a. (Personal Banking) / 1.85% p.a. (Priority Banking) / 1.95% p.a. (Priority Private)
Minimum Amount: S$25,000
CIMB Bank Fixed Deposit Rates
CIMB refreshed its online SGD Fixed Deposit promotion from 1 October 2026, pushing its 12-month rate up to 1.95% p.a. for Personal Banking customers, its highest level in recent months. A minimum of S$10,000 applies across all tenures, with no fresh-funds requirement stated in the current promotion terms.
Tenure: 3 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$10,000
Tenure: 6 months or 9 months
Interest Rate: 1.75% p.a.
Minimum Amount: S$10,000
Tenure: 12 months
Interest Rate: 1.95% p.a.
Minimum Amount: S$10,000
Hong Leong Finance Fixed Deposit Rates
Hong Leong Finance published refreshed rates on 25 September 2026, running two parallel promotions. Its branch-based Fixed Deposit Promotion offers up to 1.70% p.a. for 12 months with S$100,000 or more, while its Online Fixed Deposit Special via HLF Digital offers the same top rates for S$20,000 and above, with a slightly lower tier for S$5,000 to under S$20,000.
Branch Promotion (S$20,000 to under S$100,000): 6-month 1.45% | 9-month 1.55% | 12-month 1.65%
Branch Promotion (S$100,000 and above): 6-month 1.50% | 9-month 1.60% | 12-month 1.70%
Online Special (S$5,000 to under S$20,000): 6-month 1.40% | 9-month 1.50% | 12-month 1.60%
Online Special (S$20,000 and above): 6-month 1.50% | 9-month 1.60% | 12-month 1.70%
RHB Bank Fixed Deposit Rates
RHB continues to offer some of the highest rates in the market this October. Personal Banking customers get 1.40% p.a. on 3-month, 1.80% p.a. on 6-month tenures and 1.90% p.a. on 12-month tenures. Premier Banking customers (S$200,000 Total Relationship Balance) get 1.50% p.a. on 3-month, 1.90% p.a. on 6-month tenures and 2.00% p.a. on 12-month tenures.
Tenure: 3 months
Interest Rate: 1.40% p.a. (Personal Banking) / 1.50% p.a. (Premier Banking)
Minimum Amount: S$20,000
Tenure: 6 months
Interest Rate: 1.80% p.a. (Personal Banking) / 1.90% p.a. (Premier Banking)
Minimum Amount: S$20,000
Tenure: 12 months
Interest Rate: 1.90% p.a. (Personal Banking) / 2.00% p.a. (Premier Banking)
Minimum Amount: S$20,000
MayBank2u Singapore Fixed Deposit Rates
Maybank has raised its rates meaningfully this month. Its standalone Time Deposit now pays 1.85% p.a. for 6 months and 12 months, and 1.80% p.a. for 9 months, with a S$20,000 minimum and no bundling requirement. Its Deposits Bundle Promotion goes even higher on paper, 2.10% p.a. for 12 months, though this requires earmarking 10% of your deposit in a Maybank current or savings account, bringing the blended effective rate down to roughly 1.91% p.a.
Standalone Time Deposit: 6-month 1.85% | 9-month 1.80% | 12-month 1.85%
Minimum Amount: S$20,000
Deposits Bundle Promotion: 9-month 2.00% (1.82% effective) | 12-month 2.10% (1.91% effective)
Minimum Amount: S$20,000, with 10% earmarked in a Maybank savings/current account
Bank of China Fixed Deposit Rates
Bank of China’s mobile banking rates, updated weekly, currently run from 28 September to 4 October. Rates scale with deposit size: at the S$200,000 tier, 6-, 9-, and 12-month tenures all pay a flat 2.00% p.a. At the more accessible S$500 minimum, the same tenures pay 1.70% p.a., with a S$20,000 tier sitting in between at 1.80% to 1.90% p.a. depending on tenure. Bank of China also runs a separate new-to-bank promotion through 31 October offering up to 2.18% p.a. on 4- or 8-month tenures for deposits of S$200,000 to S$250,000.
Tenure: 6 months
Interest Rate: 1.70% p.a. (S$500) / 1.80% p.a. (S$20,000) / 2.00% p.a. (S$200,000)
Tenure: 9 months
Interest Rate: 1.70% p.a. (S$500) / 1.85% p.a. (S$20,000) / 2.00% p.a. (S$200,000)
Tenure: 12 months
Interest Rate: 1.70% p.a. (S$500) / 1.90% p.a. (S$20,000) / 2.00% p.a. (S$200,000)
Best Fixed Deposit Rates October 2026: Which Bank Offers the Best Fixed Deposit in Singapore?
Below is the best fixed deposit in October 2026
- Highest Overall Rate: RHB Premier Banking – 2.00% p.a. 12 months (S$20,000 minimum, S$200,000 Total Relationship Balance required for Premier tier)
- Best Without a Premier Tier: RHB Personal Banking – 1.90% p.a. 12 months (S$20,000 minimum, no relationship balance required)
- Best for Larger Deposits: Bank of China – 2.00% p.a., 6 to 12 months (S$200,000 minimum)
- Best Rising Rate This Month: Maybank – 1.85% p.a., 6 or 12 months (S$20,000 minimum, standalone, no bundling required)
- Best Local Bank Rate: UOB – 1.70% p.a., 12 months (S$10,000 fresh funds minimum)
- Best for Smaller Deposits: DBS/POSB – 1.00% p.a., 8-12 months (S$1,000 minimum)
A quick observation this month: Maybank and Bank of China both raised rates noticeably compared to recent months, while RHB continues to hold the top spot for anyone comfortable with a S$20,000 placement. For the full, continuously updated comparison across all tenures and every tracked bank, see my Best Fixed Deposit Rates in Singapore page.
If you found this comparison and review of the best fixed deposit rates October 2026 helpful, do consider subscribing to my blog to continue receiving practical, data-driven ideas on where to park your money for better returns.
Disclaimer: This is not a sponsored post, and the opinions are solely based on My Sweet Retirement’s own research. All rates cited are sourced directly from each bank’s official rates and promotions pages as of early October 2026 and are subject to change without notice. Please verify directly with the respective banks before making any deposit decisions.