Maximise your savings with Fixed Deposit

At a Glance

Choice of 9 foreign currencies and flexible choice of tenors

For the list of currencies and interest rates, click here.

Extra layer of security with digiVault

Auto-locked for Fixed Deposits placed over the counter at our branches. Otherwise, or simply lock via digibank app. Click here to learn more.

Place your Fixed Deposits in a few taps

Start growing your money on digibank, anytime.

Waiting for investment opportunities? Enjoy returns on your foreign currencies in the meantime, with up to 4.16%* p.a. interest on USD, GBP, HKD and AUD Fixed Deposits. Place your Fixed Deposits instantly on digibank.

Apply now

*Rates reflected as of 16 May 2025. T&Cs apply

Fixed Deposit interest ratesForeign Currency Fixed Deposit Interest rate:
View the latest Foreign Currency Fixed Deposit rates here.

Singapore Dollar Fixed Deposit Interest rates:
View the latest Singapore Dollar Fixed Deposit rates here.Total SGD Fixed Deposit Balances
Important Info: Interest rates for new placements and renewals in an SGD FD Account will be computed based on the total SGD FD balances, instead of each new placement and/or renewal.
Please refer to our FAQ for more details.

Premier Income Account (PIA)

A Premier Income Account (PIA) is a Singapore Dollar Fixed Deposit account for those 55 years or older, with a minimum deposit of SGD10,000 per placement.

Please note that this is only applicable for Singapore Dollars Fixed Deposit.

PIA Features & Benefits

Choice of tenors from 6 months
Earn additional 0.10% p.a. interest*, on top of the prevailing board rate for your deposits
Automatic renewals: Upon maturity, your deposit will be automatically renewed for the same tenor at the prevailing interest rate.

*Rates are subject to change without prior notice

How to place a deposit on your digibank app

Step 1
Under “Invest”, tap on “Fixed Deposit” icon

Step 2
Select your desired currency and select your wealth portfolio

Step 3
Key in amount and select placement period and maturity instructions

Step 4
Review the details and tap on Confirm

Eligibility & FeesFixed Deposit account holders must be at least 18 years old.

Please refer to the Deposit Guide for services charges applicable for deposits and withdrawals

Apply nowIf you are an existing DBS customer, you can apply for your Fixed Deposit Account on digibank.Apply NowAlternatively, follow these steps to apply for your Fixed Deposit Account on the digibank app.

Step 1
Log in to your digibank app. On the Home page, tap on More

Step 2
Under Apply, select Deposit Accounts

Step 3
Select the Fixed Deposit Account

Step 4
Select a Reference Account for Signature and tap Next

Step 5
Review Account Application and tap Open Account Now to complete your account opening

Are you new to DBS?

Open My Account instantly on your digibank appDownload digibank app

Download digibank app

You can view our full range of DBS accounts available to you. For customers without Singpass, please prepare these required documents to open My Account.
* Instant account opening using Singpass applies to Singaporeans, Permanent Residents, and Foreigners with EP/SP/DP only.

What is Total Balance?

Total Balance refers to the total amount of all placements in an SGD Fixed Deposit (FD) account. The amount includes all new and existing placements/renewals.

My FD account has an existing S$20,000 placement and I want to place another S$30,000. What is the applicable interest rate for the new S$30,000 placement?

With the new S$30,000 placement, the total FD account balance will be S$50,000 (S$20,000 + S$30,000). Hence, interest rate corresponding to the $50,000 - $99,999 range will apply. Learn More

My FD account has 2 placements which sum up to S$100,000 (S$30,000 + S$70,000). What is the applicable interest rate for each renewal?

The total FD account balance is S$100,000 (S$30,000 + S$70,000). Hence, interest rate corresponding to the $100,000 - $249,999 range will apply.

I have an existing placement of S$50,000 in my single name FD account and another S$50,000 in a joint FD account. What is the applicable interest rate for each renewal?

The placements are in different SGD FD accounts. Hence, interest rate corresponding to the $50,000 - $99,999 range will apply for each renewal.

Can I set the maturity instruction at the point of placement or after placement is done?

Yes, you may select one of the following maturity instructions:

Renew the principal and interest amounts;
Withdraw the principal and interest amounts; or
Renew the principal amount and withdraw the interest.

Learn More

Can I close my account or withdraw my FD before its maturity date?

Yes, you can. However, you may earn less or no interest if you withdraw your fixed deposit before maturity. An early withdrawal fee may also be imposed. Learn More

How do I make a withdrawal for my Fixed Deposit (FD)?

You may perform a SGD FD withdrawal via digibank online. You will be able to check the interest received and the early withdrawal fee (upon premature withdrawal) during your withdrawal request via digibank online.

Foreign Currency Fixed Deposit, SRS SGD Fixed Deposit and SGD Structured Deposit accounts are not eligible for withdrawal via digibank online.

Learn more

Will there be early withdrawal fee levied for SGD & Foreign Currency Fixed Deposit placements?

An early withdrawal fee may be imposed. Also, you may earn less or no interest if you withdraw your fixed deposit before maturity. Learn More

What happens if the balance in my FD Account is zero?

We will close your account if the balance remains zero for 12 months.

Where can I check for the current foreign currency exchange rates?

You can refer to our foreign exchange rates here.

What will happen to my FD Account if I die?

For personal account, only the administrator or executor of your estate can make a claim on your account. Upon receiving notification of your death, the existing maturity instructions (e.g. credit to Savings account) given previously will no longer be valid. Upon maturity, the Fixed Deposit (principal and interest) will be automatically renewed for the same tenor at the prevailing interest rate. If your Fixed Deposit Account is a joint account, the surviving account holder can claim the money in the account.

Could I opt for my personal/joint Fixed Deposit account transactions in one consolidated statement?

We are working on creating that seamless one-glance option for you and will keep you updated.

Why did branch place my Fixed Deposit placement under digiVault protection?

In view of the rise in scam volume over the years, we have reviewed our Fixed Deposits feature to help you safeguard your assets with us. From 02 September 2024, all Fixed Deposit placements done over the counter will automatically be placed under digiVault protection, unless you inform us otherwise at the point of transaction. This is as an added layer of security against scammers by preventing unauthorised digital withdrawals from your Fixed Deposit placements during your tenor.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.

S$ Rates

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PIA Features & Benefits​

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