Fixed Deposit Calculator — Singapore
Calculate your fixed-deposit maturity value and interest in SGD at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Singapore (2026)
12-month rates at the main banks run about 1.0–2.25% p.a. (DBS 1.00% board rate, OCBC 1.60%, UOB 1.70% promotion, Maybank 2.00–2.25%; banks' own pages, 15 October 2026). 6-month T-bills often yield more. Check each bank's own rate page.
At around 1.3%, the fixed-deposit rate in Singapore is on the low side by international standards.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every $25,000 deposited at 1.30% for 5 years (quarterly compounding):
- Maturity value: $26,676
- Interest earned: $1,676
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Singapore
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
A real-data rate check: fixed deposit rates in Singapore (2026)
Many online calculators default to a generic 2-3% "typical" fixed deposit rate, but that overstates what Singapore savers can actually lock in today. According to the banks' own rate pages (accessed 15 October 2026), published 12-month SGD promotional rates were DBS at 1.00% p.a. (board rate, S$1,000-S$19,999), OCBC at 1.60% p.a. at branches or 1.65% p.a. online (min. S$20,000 fresh funds), and UOB at 1.70% p.a. (min. S$10,000 fresh funds, promotion to 31 October 2026). Maybank's own promotion page listed 2.00% p.a. for a standalone 12-month SGD time deposit (min. S$20,000) and 2.25% p.a. (2.05% effective) under its Deposits Bundle; check CIMB's current rate on its own site. The big three local banks (DBS, OCBC, UOB) cluster in the roughly 1.0-1.7% p.a. range for a 12-month SGD deposit for the general public, well below the 3.5-4% peaks seen during the 2023 rate-hike cycle.
This lower band reflects where Singapore's benchmark short-term rates have settled. Compounded SORA is published by MAS (check the current 1-month and 3-month figures on MAS's own statistics pages), and is down sharply from the 3.5%+ levels of 2023-2024 as the US Fed and MAS eased policy through 2025-2026. Because Singapore bank deposit pricing tracks SORA and global funding costs closely, fixed deposit rates have drifted down in tandem, and promotional 12-month rates from the local banks now sit only modestly above SORA itself, with digital banks (e.g. Trust Bank, GXS Bank) and finance companies occasionally offering slightly higher promotional tiers on smaller sums.
A more realistic example: placing S$10,000 in a 12-month SGD fixed deposit at a representative 1.3% p.a. rate, compounded annually per A = P(1+r/n)^(nt) with n=1, grows to S$10,130.00 after 1 year (t=1) — just S$130 in interest, not the S$200-300 many people assume. Left to roll over for a second year at the same rate, it would reach S$10,261.69 after 2 years (t=2), illustrating how modest annual compounding is at today's short-term deposit rates compared with longer-horizon investments.
Frequently Asked Questions
How is FD maturity calculated in Singapore?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Singapore?
As a 2026 reference, fixed-deposit rates are around 1.3% per year, varying by bank and tenure. 12-month rates at the main banks run about 1.0–2.25% p.a. (DBS 1.00% board rate, OCBC 1.60%, UOB 1.70% promotion, Maybank 2.00–2.25%; banks' own pages, 15 October 2026). 6-month T-bills often yield more. Check each bank's own rate page.
Is FD interest taxable in Singapore?
In Singapore, fixed-deposit interest earned by individuals from approved banks and licensed finance companies is exempt from tax — Singapore also has no capital gains tax.
Is a fixed deposit safe in Singapore?
Fixed deposits carry no market risk. In Singapore, deposits are insured by SDIC up to S$100,000 per depositor, per Scheme member. They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Singapore?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
What is a realistic 12-month SGD fixed deposit rate in Singapore right now?
As of October 2026, published 12-month SGD rates from major local banks ranged from about 1.00% p.a. (DBS board rate) to 1.60-1.70% p.a. (OCBC and UOB promotions), per the banks' own rate pages accessed 15 October 2026. This calculator defaults to 1.3% p.a. as a representative rate across the main local banks.
Why are fixed deposit rates lower than a couple of years ago?
Singapore bank deposit rates broadly track SORA (the Singapore Overnight Rate Average) and global interest rates. Compounded SORA rates published by MAS are well down from the 3.5%+ levels seen in 2023-2024 as MAS and global central banks eased policy.
Do all banks offer the same fixed deposit rate?
No. Rates vary by bank, deposit amount, and promotional period. For example, Maybank's own promotion page listed 12-month rates of 2.00-2.25% p.a. under certain conditions, while DBS's standard 12-month rate was closer to 1.00% p.a. Always check the latest published rate sheet before committing funds.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
DBS, Singapore Dollar Fixed Deposit rates: 12 months 1.00% p.a. (S$1,000-S$19,999) (accessed 15 October 2026). OCBC, Time Deposit promotion: 12 months 1.60% p.a. branch / 1.65% p.a. online, min. S$20,000 fresh funds (accessed 15 October 2026). UOB, SGD Time/Fixed Deposit rates: 12-month promotion 1.70% p.a., min. S$10,000, 23 September-31 October 2026 (accessed 15 October 2026). Maybank Singapore, SGD Time Deposit promotions: 12 months 2.00% p.a. standalone, 2.25% p.a. (2.05% effective) Deposits Bundle (accessed 15 October 2026). Monetary Authority of Singapore, Statistics (Domestic Interest Rates, compounded SORA) (accessed 15 October 2026). See our methodology and editorial policy for how we source and update this data.