As you have probably heard by now, the latest T-Bills yields fell to 1.85%.
At 1.85% suddenly T-Bills no longer look that attractive.
And fixed deposits start looking pretty attractive once again.
But – will this change down the road? Will banks start to slash their fixed deposit rates?
Couple of points I wanted to discuss:
- What are the Top Fixed Deposit Rates in Singapore today (July 2025)?
- What are the alternatives to Fixed Deposit? T-Bills a better buy?
- Where would I put my cash today?
Top Fixed Deposit Rates in Singapore offer 2.45% yield (July 2025)
The full table is further below in the article, but I’ve summarised the best interest rates for the 3-, 6- 9- and 12-month tenures below.
You’re looking at 2.15% for the 6 months tenure.
And 2.45% for the 12 months tenure.
Which very interestingly – is offered by DBS Bank.
| Tenure | Best fixed deposit interest rate (July 2025) | Bank |
| 3 months | 1.95% | Bank of China |
| 6 months | 2.15% | DBS/POSB |
| 9 months | 2.35% | DBS/POSB Bank |
| 12 months | 2.45% | DBS/POSB Bank |
…
