Singapore Banks Adjust Fixed Deposit Rates Amid Market Changes Major banks in Singapore, including DBS, UOB, and OCBC, have recently updated their fixed deposit interest rates. Adjustments range from increases by Bank of China and ICBC to reductions by UOB and Maybank. DBS now offers 2.45% for a 12-month deposit, while OCBC promotes 2.45% for six months via internet banking.1