Top Fixed Deposit Rates in Singapore offer 2.45% yield – With falling T-Bills yields, is Fixed Deposit a much better place to park cash? (July 2025)

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:

1. What are the Top Fixed Deposit Rates in Singapore today (July 2025)?
2. What are the alternatives to Fixed Deposit? T-Bills a better buy?
3. 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.

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