Best Fixed Deposit Rates September 2026

Best fixed deposit rates September 2026 in Singapore continue to hold steady across most local banks, though a few foreign banks and finance companies are pulling ahead with more competitive offers this month. Fixed deposits, also known as time deposits, remain one of the simplest and safest ways to grow idle cash, and September 2026 offers a reasonable spread of options depending on your tenure and deposit size.

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. If you want more flexibility without locking in your cash, my Best Savings Account in Singapore guide covers no-lock-in alternatives worth comparing first.

Across the market, the best fixed deposit rates in Singapore this September span a wide range of tenures and minimum placement amounts. RHB, Citibank, and Hong Leong Finance are among the standouts this month, while the three local banks (DBS, UOB, OCBC) remain relatively conservative compared to some foreign and finance company alternatives.

UOB Fixed Deposit Rates

For September 2026, UOB is offering promotional rates on 6-month, 10-month and 12-month tenures, running from 1 to 30 September. The highest rate available is 1.55% p.a. for customers on the 10-month or 12-month tenure, while customers get 1.50% p.a. on the 6-month tenure. A minimum of S$10,000 in fresh funds is required, meaning money that did not previously sit in a UOB account.

Tenure: 6 months
Interest Rate: 1.50% p.a.
Minimum Amount: S$10,000 (fresh funds)

Tenure: 10 months or 12 months
Interest Rate: 1.55% p.a.
Minimum Amount: S$10,000 (fresh funds)

OCBC Bank Fixed Deposit Rates

OCBC’s fixed deposit rates for September 2026 continue to reward online placements over branch visits. For a 6-month tenure, online placements earn 1.35% p.a. compared to 1.30% p.a. at branches, while the 12-month tenure pays 1.50% p.a. online versus 1.45% p.a. at branches. A minimum deposit of S$20,000 applies across tenures.

Tenure: 6 months
Interest Rate: 1.30% p.a. (Branch) / 1.35% p.a. (Online)
Minimum Amount: S$20,000

Tenure: 12 months
Interest Rate: 1.45% p.a. (Branch) / 1.50% p.a. (Online)
Minimum Amount: S$20,000

DBS Fixed Deposit Rates

DBS remains the most conservative of the local banks this month, with rates that rarely move. The 8- to 12-month tenure continues to offer 1.00% p.a. for deposits between S$1,000 and S$19,999, unchanged from August. DBS’s advantage remains its low minimum deposit and flexible tenure options in 1-month intervals, though 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

Hong Leong Finance Fixed Deposit Rates

Hong Leong Finance is running three separate promotions this month. Its Fixed Deposit Promotion offers up to 1.50% p.a. for a 12-month tenure with a minimum of S$20,000.

The Online Fixed Deposit Special via HLF Digital offers the same top rates for S$20,000+ but a slightly lower tier for S$5,000 to under S$20,000. Its Special Fixed Deposit Promotion, over the counter only, offers the highest short-term rate at 1.60% p.a. for 4- or 5-month tenures with S$100,000 or more.

Online Fixed Deposit Special rates (via HLF Digital):

Tenure: 6 months
Interest Rate: 1.35% p.a.
Minimum Amount: S$5,000 to $19,999

Tenure: 9 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$5,000 to $19,999

Tenure: 12 months
Interest Rate: 1.45% p.a.
Minimum Amount: S$5,000 to $19,999

Tenure: 6 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$20,000 and above

Tenure: 9 months
Interest Rate: 1.45% p.a.
Minimum Amount: S$20,000 and above

Tenure: 12 months
Interest Rate: 1.50% p.a.
Minimum Amount: S$20,000 and above

Special Fixed Deposit Promotion (over the counter only): 4-month and 5-month tenures at 1.55% p.a. for S$10,000 to under S$100,000, or 1.60% p.a. for S$100,000 and above.

Citibank Fixed Deposit Rates

Citibank is offering 2.00% p.a. for a 6-month tenure this September, one of the highest short-term rates available. Based on the terms and conditions, the promotion is applicable to new customers who has established Citigold (AUM ≥ S$250,000) OR Citigold Private Client (AUM of ≥ S$1,500,000) banking relationship during the Promotion Period.

Tenure: 3 months
Interest Rate: 1.40% p.a. (Eligible/Citigold Customers)
Minimum Amount: S$5,000 (fresh funds)

Tenure: 6 months
Interest Rate: 2.00% p.a. (Eligible/Citigold Customers)
Minimum Amount: S$5,000 (fresh funds)

SBI Fixed Deposit Rates

SBI is offering 1.50% p.a. for a 6-month fixed deposit and 1.40% p.a. for a 12-month fixed deposit this September. The catch is a higher minimum deposit of S$50,000 to qualify for these promotional rates on new SGD fixed deposits.

Tenure: 6 months
Interest Rate: 1.50% p.a.
Minimum Amount: S$50,000

Tenure: 12 months
Interest Rate: 1.40% p.a.
Minimum Amount: S$50,000

RHB Bank Fixed Deposit Rates

RHB’s is offering 1.30% p.a. for Personal Banking (1.40% p.a. for Premier Banking) on 3-month tenures, and 1.70% p.a. Personal Banking (1.80% p.a. Premier Banking) for both 6-month tenures and 12-month tenure, with a minimum placement of S$20,000.

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: 1.70% p.a. (Personal Banking) / 1.80% p.a. (Premier Banking)
Minimum Amount: S$20,000

HSBC Fixed Deposit Rates

HSBC’s promotional rates from now till 30 September 2026 are tiered by customer segment, with substantial differences between tiers.

A minimum deposit of S$30,000 in fresh funds is required for these promotional rates via the HSBC Singapore app.

Tenure: 3-month
Interest Rate: 1.60% p.a. (Premier Elite) / 1.60% p.a. (Premier with wealth holdings / FX Engaged) / 1.60% p.a. (Premier without wealth holdings) / 1.05% p.a. (Personal Banking)

Tenure: 6-month
Interest Rate: 2.00% p.a. (Premier Elite) / 1.80% p.a. (Premier with wealth holdings / FX Engaged) / 1.80% p.a. (Premier without wealth holdings) / 0.85% p.a. (Personal Banking)

Tenure: 9-month
Interest Rate: 1.30% p.a. (Premier Elite) / 1.25% p.a. (Premier with wealth holdings / FX Engaged) / 0.95% p.a. (Premier without wealth holdings) / 0.90% p.a. (Personal Banking)

Tenure: 12-month
Interest Rate: 1.35% p.a. (Premier Elite) / 1.30% p.a. (Premier with wealth holdings / FX Engaged) / 1.00% p.a. (Premier without wealth holdings) / 0.95% p.a. (Personal Banking)

ICBC Fixed Deposit Rates

ICBC’s SGD fixed deposit promotional rates range from 1.05% p.a. to 1.60% p.a. this September, varying by tenure, making it worth comparing directly against your preferred deposit period rather than assuming a single flat rate applies.

Best Fixed Deposit Rates September 2026: Which Bank Offers the Best Fixed Deposit in Singapore?

Below is the best fixed deposit rates September 2026

• Highest Overall Rate: Citibank – 2.00% p.a., 6 months or RHB – 1.70%, 6 or 12 months (minimum $20,000)
• Best Short-Term Rate: Citibank/HSBC Premier Elite – 2.00% p.a., 6 months for a lower entry point
• Best for Lower Minimum Deposits: Citibank – 2.00% p.a. requires just S$5,000, well below most competing promotional rates
• Best Local Bank Rate: OCBC – 1.50% p.a., 12 months (online placement, S$20,000 minimum)
• Best for Smaller Deposits: DBS – 1.00% p.a., 8-12 months (S$1,000 minimum)
• Best Mid-Term Rate: SBI – 1.50% p.a., 6 months (S$50,000 minimum)

A quick observation this month: Citibank has pulled well ahead of the pack with its 2.00% rate, a meaningful jump from prior months. For smaller sums, Citibank’s S$5,000 minimum at 2.00% p.a. also remains the most accessible high-rate option. The caveat here is that Citibank’s fixed deposit promotion is applicable to new customers who has established Citigold (AUM ≥ S$250,000) OR Citigold Private Client (AUM of ≥ S$1,500,000) banking relationship.

The next best contender is RHB, offering 1.70% p.a. for a 6-month or 12-month tenure based on a minimum of S$20,000. Curious how much your fixed deposit actually grows over time? My Compound Interest Calculator guide walks through the maths.

If you found this comparison and review of the best fixed deposit rates September 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 from publicly available bank rate pages and financial comparison sites as of early September 2026 and are subject to change without notice. Please verify directly with the respective banks before making any deposit decisions.