fixed deposit promotion

You’re sitting on a considerable amount of cash which is earning next to nothing (0.05% p.a.) More Time Deposit Offer More Payroll Service Welcome Rewards. Existing Customers to Apply Online; New Customers to Make an Appointment; Personal Customer Service … With a current promotion, consumers receive 0.20% p.a. RM 1,000 to RM 5,000. At the point of writing, the 10th Tranche of China Taiping i-Save (1.96% for 3 years) is fully subscribed. Citibank Foreign Currency Time Deposit Promotion. While there are no promotions currently offered, if you're already a Maybank customer and feel comfortable with online banking, your long-term deposit could earn a great deal through Maybank iSAVvy Time Deposit. Consider this if you're seeking a deposit tenure of 4–5 years. Only select tenures and deposit sizes are featured for reference, Board rates only, promotions are not displayed. If you happen to be a priority banking customer, for 6 months placement of S$25,000 at 0.30% p.a., the interest that you will receive upon maturity is S$37.50. While many banks only offer deposits with milestone tenures (3, 6, or 12 months for example), OCBC FD allows consumers to select tenure by the month. Consider this if you want top promotional rates for a smaller deposit size, CIMB SGD Fixed Deposit is, by far, one of the best options on the market for small and medium tenure deposits of any size. In other words, this is one of the few accounts where tenure can be set for unique terms such as 4, 7, 13 months or others. These rates are more competitive than some alternatives, ranging from as little as 0.15% up to 0.55% depending on deposit size and tenure. The current low interest rates offered by most banks remained unattractive to me. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. on a 3-month time deposit when you purchase an insurance plan. The fact that the minimum requirement is so low and the interest rate is so high makes Maybank SGD Time Deposit the best option for those with small deposits looking for a long-term investment, considering the deposit board rates alone. DISCOVER MINIMUM DEPOSIT. on completed quarter (s) and a fee of S$50 applies. You can choose a bank to invest a certain amount of money with, called a deposit. Can only think of foreign currency fixed deposit but interest is very low. The 1 year interest rate for December 2020 Singapore Savings Bonds has fallen as low as 0.24%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds. In fact, with just S$1,000 minimum deposit, consumers can earn a market-leading 1.00% p.a. on completed quarter(s) and a fee of S$50 applies. Fixed Deposit. Even better, OCBC SGD Time Deposit has a promotion available with attractive rates–consumers can earn 0.50% p.a. Alternatively, you may print a blank form and complete them manually here. OCBC fixed deposit board rates. above board rate for fixed deposit placed for 12 months & above; Place fixed deposit with just $500 Account holders can set deposits for as little as 1-2 weeks or for as long as 48 months. Note: the fixed deposit interest rates listed here promotional rates which change monthly.. My preferred fixed deposits below is DBS given that it offers the highest interest rate per annum for a 12 month placement. TALK TO US ADD TO COMPARE. Latest Promotion; Remove All Items. Promotional interest rates are subject to change without prior notice. One good alternative is buying a short term endowment plan. Do NOT follow this link or you will be banned from the site. Last updated January 2021 P3W2D Past Event. (for deposits less than one year) to 9.54% p.a. In the first quarter, consumers will earn just 0.15% p.a. DBS Fixed Deposit. Learn more. Unlike a savings account, you cannot withdraw a fixed deposit before the date of maturity. For details, please refer to the relevant promotion materials or contact the staff of BOCHK. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. Looking for the best fixed deposits in November 2020 in Singapore? The minimum deposit required to enjoy the promotional FD rates. HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. when you deposit fresh funds via Online Instruction Form & PayNow. In addition, if investing for longer than 2 months, the minimum deposit is only S$500, making these rates far more competitive compared to the market standard. That is why interest rates on fixed deposits tend to be higher than on savings accounts. Consumers receive up to 1.00% interest for deposits of 36 month tenor, though there's a S$25,000 minimum deposit requirement for tenors longer than 12 months. Rates w.e.f. Our site may not feature every company or financial product available on the market. Tenors of 3 to 24 months offer a set rate of 0.30% p.a. DBS SGD Time Deposit does not always have promotional offers. Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. for 8 months tenure with maximum deposit of $19,999. For 10 months placement of S$20,000 at 0.55% p.a., the interest that you will receive upon maturity is S$91.67. on a 3-month time deposit with a minimum funds placement of S$30,000. An Islamic Term Deposit with pre-determined profit rate . What Is A Fixed Deposit Account? This account is also especially competitive, as mentioned, for long-term tenures with small-to-moderate deposits. Singapore Fixed Deposits Interest FD Rates. on 3-month time deposit when purchase an insurance plan, valid until March 31,2021, 0.25% p.a.on 6-month SDG deposit (new and existing customers), valid until January 31, 2021, Investment bundle promotion, with a minimum investment amount of S$50,000 , receive 3 months p.a. Deposit Insurance Scheme. With ICBC SGD Fixed Deposit, however, you can access top board rates as well as market-leading promotional offers with just a S$500 minimum deposit. Consider this if you're seeking top promotional rates for as little as S$500 deposit. For overdue Fixed Deposits, the then prevailing Board Rates will apply. Save a fixed amount of money in Singapore Dollars and Foreign Currencies at a fixed … UOB: Earn up to 0.55% p.a. 18 years old. for 2-year fixed rate package for loan amount of S$100,000 and above. for 24 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. Frasers Logistics and Commercial Trust FY20 Full Year Results, First REIT Restructure Master Lease Agreements. Interest Rate: 0.20% to 0.30%, Minimum Placement: S$25,000, Promotion Valid Until: 30th November 2020. We will be accepting new placements for tenors 8 months and below. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Standard Chartered Singapore Dollar Time Deposit stands out as one of the only accounts offering both promotion rates as well as particularly long tenure options. Check the latest fixed deposit and EFD promotion rates here! SGD deposits are insured up to S$75k by SDIC. Consider this if you're able to maintain a large savings balance or have a sizeable property loan. Fresh funds refer to funds transferred from accounts outside the bank. Citibanking, Citigold & Citigold Private Client customers are excluded. There is something for you in there. Fixed deposit accounts are ideal for investors who are averse to taking risks. 0.2% p.a. Here are some situations when opening a fixed deposit account could be an attractive option for you. Choose a Fixed Deposit account that suits your needs. in November. Fixed deposit accounts are a low-risk form of investment that allow consumers to earn interest on funds placed with the bank for a predetermined–or fixed–amount of time. (UOB) 12-Month: 0.60% p.a. 1 HSBC 2021 SGD Jade Time Deposit Promotion Terms and Conditions apply. These are quite high promotional rates compared to the current overall market, but consumers must already have a banking relationship with Maybank to qualify, and deposits must be made online (in fact, over-the-counter transactions incur fees). interest of 1% for investment sales charge between 1%-2%, or 2% p.a. During this commitment period, your funds are locked-in and you won’t be able to access it without incurring a penalty fee. This translates to an interest earnings of at least S$130 and S$150. Enjoy from as low as 1.28% p.a. He will potentially earn RM150 in interest and also the flexibility of withdrawing his cash at the end of each month. means the foreign currency fixed deposit account opened with the Bank and is subject to the Promotion. HDB Home Loan Promotion. Among the banks below, I prefer the fixed deposit from DBS given that DBS offer much higher interest rate per annum for a 12 or 18 months placement as compared to the rest of the banks. ICBC Step-Up Fixed Deposit offers two tenure options: 1 or 2 years. and up, for 3 months tenure. Promo: Exclusive eFixed Deposit Rates Interest Rate: Up to 2.25% p.a. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. If you are looking for a low-risk investment with a guaranteed rate of return, then it is a good investment. Promotions | Maybank Malaysia. Tenure. Currently, consumers can earn a respectable 0.50% p.a. 2 HSBC 2021 SGD Premier Time Deposit Promotion Terms and Conditions apply. Tenures and deposit size ranges are nested where overlap occurs, Board rates only, promotions are not displayed. Fixed deposits Singapore accounts are safe and do not expose account owners to any type of risk. In fact, board rates from 1 to 12 months range from 0.05% to 0.25%, but a 24 month tenure earns an impressive 1.10% p.a. $20,000 to $30,000 is the usual threshold for most fixed deposit promotions. Currently, you can earn an interest rate of 0.20% for 1 month tenure and 0.25% p.a. Apply online in less than 10 mins! Interest Rate: Up to 0.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated. All Tenures 12 Months 12 to 18 Months >19 Months. In terms of the time deposit, consumers who deposit at least S$5,000 can earn up to 0.10% p.a. Citi's current promotional rates are clearly amongst the highest on the market, though they have amongst the highest required minimum deposits to qualify. From now till 1st Mar 2021, you also stand a chance to win in the PayNow Monthly E-Gadget Draw when you use PayNow to deposit or pay loans with Hong Leong Finance. before you jump straight into Fixed Deposits. As mentioned, this account is only open to consumers with an Advance banking relationship, which also comes with a preferential savings rate and one of the best flat rebate credit cards on the market. CIMB is offering a promotional rate of 0.35% p.a. Tip: Check out OCBC Fixed Deposit promotional rates. As a rule of the thumb, banks or financial companies reward depositors with higher interest for longer tenures and higher deposit amounts. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. CODES (5 days ago) This promotion is applicable for Conventional Fixed Deposit (FD) or Islamic Fixed Deposit (IFD-i) or General Investment Account-i (GIA-i) with 6 months tenure. In many western countries, FD is also known as term deposit or time deposit. Campaign period: 1 November 2020 until 28 February 2021. Nonetheless, its interest rates for moderately long deposits are notably above the industry average. OCBC’s time deposit interest rate remains the same at 0.50% p.a. However, SC SGD Time Deposits at board rates are also worth considering, especially if you're looking to deposit funds for a prolonged period of time. for 12-month tenures with an initial deposit of just $500 in fresh funds, while DBS offers 0.6% p.a. This month, you’d need $25,000 to unlock the highest rate of 1.40 per cent p.a. Minimum: RM5,000 Tenure: 3/6/12 months Offer Period: 11 November 2020 to 20 January 2021 * Only for CIMB eFD via CIMB Clicks. The fixed deposit interest rates are based on popular tenures of between 6 to 18 months and fresh funds of $75,000 (Risk-free since insured by SDIC). Most of the short term endowment plans are on limited tranche basis. That depends. Ever flip through the newspaper and see absurdly high interest rates advertised for fixed deposit promotions? The promotional interest rate will only apply if the fixed deposit is held to maturity. Consider this if you have a very specific deposit tenure in mind. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. Forget about the Singapore Savings Bonds. In many western countries, FD is also known as term deposit or time deposit. Please note: Signature is required for all application forms. The Fixed Deposits Promotion is applicable to Individual accounts only. Winner: ICBC / DBS With the current economic slowdown, ICBC and DBS are leading the pack when it comes to accessible fixed deposits. 2. Consider this if you're interested in a long tenure for a medium deposit. We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated . Interest Rate: Refer below, Minimum Placement: S$5,000, Promotion Valid Until: 30th November 2020. for 12 months tenor or 0.65% p.a. The minimum placement for this promotion is S$10,000. Take your time to go through the latest list of FD interest rates offered by the banks today to find the highest fixed deposit rates that suit you . Tenure and Deposit Amount. In fact, consumers can earn up to 0.68% p.a. Interest Rate: 0.55%, Minimum Placement: S$20,000, Promotion Valid Until: 30th November 2020. Maybank Family Plus is designed to reward the whole family. Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer. If you select an investment that has a higher investment sales charge (2% and up), you can earn 2% p.a. with just a S$20,000 minimum deposit for a 10 months tenure. on a deposit of at least S$25,000 across 6 months, or earn a preferred rate of 0.30% p.a. *Full T&Cs apply. The ability to make a big deposit is also key to accessing the Maybank iSAVvy promotion. Fixed deposit interest rates are generally low unless a bank decides to offer a promotional rate. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. POSB Cashback Bonus. The preferential time deposit interest rate in this promotion material is quoted based on the interest rates of Hong Kong Dollars, RMB and Foreign Currencies time deposits published on 3 December 2020 by BOCHK and is for reference only. Time Deposits (Fixed Deposits) Sustainable Time Deposit Time to invest in a sustainable future. A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. HSBC Singapore Dollar Time Deposit is the most accessible variant, comes with impressive rates and currently offers two promotions. Consider this if you're open to or already have a savings account with Maybank. Check your inbox or spam folder to confirm your subscription. This is 0.05% more than the norm. Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. on investment saes charge of 2% and above, Rates up to 0.68% p.a. The current low interest rates offered by most banks remained unattractive to me. Welcome great fortune with a symbol of prosperity. Consider this if you're planning to opt for a long-tenure deposit. These rates are also for new customers to the bank, although some banks like RHB offer better rates for existing customers who are renewing their fixed deposits. You will also have to agree on the length of your investment, called tenor or tenure, and the interest rate that will be paid upon maturity. It's worth mentioning that most banks only offer promotions at milestone tenures (3, 6, 9, or 12 months), so this is a remarkable fit if 10 months is closer to your desired length. Earn more on your savings with bonus interest rates and a sure-win hongbao of up to S$168* Earn up to 0.50% p.a. Promotional interest rates are subject to change without prior notice. for 6 months, 0.70% p.a. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). DBS is the best fixed deposit in November 2020! Consumers with an HSBC Premier banking relationship have access to top interest rates with HSBC Premier SGD Time Deposit. Earn up to 3X interest on the first S$30,000 of your child's savings when you save in Youngstarz and iSAVvy Savings Account and spend on your Maybank Family and Friends Card. Charge into the new year with an abundance of wealth. with the latest SGD fixed deposit offers till 31 October 2020 There is currently no fixed deposit promotional rate for DBS Fixed Deposits. Eligibility requirements. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. We monitor all fixed deposit promotions across Singapore on a weekly basis to ensure you can select the best option for your current needs. (2021 Wealth and Fixed Deposit Campaign – requires investment in selected unit trust funds or purchase Banca Regular Premium products to qualify for the promotion) – … with a minimum deposit of just S$1,000, Consider this if you're considering a short-term deposit. Fixed Deposit eFixed Deposit; 1st placement: creation of Fixed Deposit account (customers without an FD account) Creation of FD account is done over the counter; Certificate will be issued to customer; Mode of payment for placement can be cash or debit banking account Real time creation of FD account via Maybank2u.com. Automatic renewals of fixed deposit upon maturity; Multiple placements periods of your choice; Senior citizens enjoy additional 0.125% p.a. Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. DISCOVER MINIMUM DEPOSIT. Bank & Earn. If they continue on, they'll earn 0.30% in the second quarter, 0.50% in the third quarter, and 1.05% in the fourth and final quarter. Under the Bundle Promotion, current account holders who make a minimum deposit of S$50,000 with Citi for a tenure of 3 months earn between 1.00% and 2.00% p.a. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. for a 36-month tenure–without even factoring in a promotion. Search: Deposit Type. Fresh Funds are often required, not transferred from the bank’s existing savings/current/fixed deposit accounts. Best Fixed Deposit Rates By Tenor. Prosperous Now Account-i. So when identifying which fixed deposit account to put your money in, the main points of consideration should be interest rates, minimum deposit amount, and if they are insured by PIDM. The current Money Lobang National Average Fixed Deposit Rates for January 2021 is 0.47% p.a. They frequently conduct fixed deposit promotions for certain tenures and deposit amounts to attract fresh funds so as to boast their deposit … 86 people like this Bank of East Asia Fixed Deposit … Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. 9. (HSBC) 8-Month: NA; 9-Month: 0.50% p.a. You are guaranteed that your money will earn interest as long as you leave your money to the banks to a … Say he decides to deposit RM5,000 into a fixed deposit account for 1 month at a rate of 3% interest p.a. If you can afford a longer period such as 18 months, the interest rate is 1.30% p.a. In recent times, economic instability and revenue slumps have put a new shine on this traditional investment with young and … For a more detailed analysis of the best options, consider our guide. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond. ICBC offers some of the best fixed deposit interest rates on the market, both in terms of promotional and board rates. Another reason to consider banking with ICBC Step-Up is due to the fact that it's one of the few accounts out there that compounds interest at increments, rather than annually. interest for a 3 months tenure. The second promotion applies to a 24 month tenor, and interest is compounded every six months at 0.4%, 0.8% during the first year and 1.3% and 2.1% during the second, with a minimum deposit of S$5,000. Nonetheless, Citibank's Time Deposit board rates are much lower than the market standard, ranging from 0.05%–0.10%. * with UOB Privilege Account. for 9 months and 0.75% for a 12-month tenure. For 12 months placement of S$10,000 at 0.45% p.a., the interest that you will receive upon maturity is S$45.00. Campaign period: 1 November 2020 until 28 February 2021. As a result, small deposits (as little as S$1,000) of moderately long tenure are best situated to provide competitive gains to account holders. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.50%, 1.70%, 1.90% and 2.10% for quarters 1, 2, 3 and 4 respectively. With a minimum deposit of S$25,000 consumers can earn 0.50% p.a. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. "Promotion Period" ends on 31 August 2018, and is subject to change without notice. This means, at the very least, account holders are set to earn an incredible S$125 in interest. for a 3 months placement. I have boxed up the period and the corresponding interest rates which I find attractive. Being a fixed deposit account owner, you should not fear that you will lose your money overnight. (HSBC) 6-Month: 0.35% p.a. The interest rate for deposits less than Rs.2 crore range from 3.00% p.a. Fixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates. UOB: Earn up to 0.55% p.a. . Interest Rate: Refer below, Minimum Placement: S$10,000, Promotion Valid Until: Not stated. Terms and Conditions. and continuously roll-overs at maturity for one year. If you are looking for more flexibility regarding your investment, then a savings account might be the right choice for you. Only select tenures and deposit sizes are featured for reference. To be eligible for this Promotion, all deposits must be made during the Promotional Period with fresh funds only ((i) funds originating from any existing account with the Bank, and (ii) funds that are withdrawn and re- deposited within the last 30 days, are not permitted). In return, you receive a higher interest rate on a fixed deposit than you would on your savings account. Only select tenors and deposit sizes are featured for reference, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. if they're a Priority Banking client. If you have S$50,000 sitting in your Fast Saver account, you can opt to put them into this fixed deposit promotion which gives you 0.35% p.a. for 24 months tenor. Our partners cannot pay us to guarantee favorable reviews of their products or services. Consider this if you're open to an HSBC Advance banking relationship. January 10, 2021 Fixed deposit has long been the go-to instrument for risk-averse investors looking for financial security and steady growth. The answer depends on several factors: the deposit amount, the length of the initial deposit and the current promotions offered by the bank. If you're looking to invest less than S$1,000, you'll have a very hard time qualifying for a fixed deposit account with most banks. This site uses Akismet to reduce spam. However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. ICBC offers promotional rates for 1,3,6, and 9 month tenors as well, which is far more flexible than any other banks' promotional schema. Learn how your comment data is processed. I have shared many other financial instruments that is similar to what fixed deposits can offer. Ordinary Fixed Deposits. What Is A Fixed Deposit Account? Download digibank Now. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. for 8-month or shorter tenures for new placements of $1,000 and above. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time; Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds. If you have 50K, you should read my previous post on Where Will You Put 50K? If you're open to considering an Advance banking account with HSBC, you'll have access to great interest rates and promotions with HSBC Advance Time Deposit. Compare the best fixed deposit promotions with interest rates as high as 1.9% p.a. 1. Minimum age. Minimum deposit amount from $1,000. Singapore Dollar Time Deposit Earn up to 0.55% p.a. The preferential time deposit interest rate in this promotion material is quoted based on the interest rates of Hong Kong Dollars, RMB and Foreign Currencies time deposits published on 3 December 2020 by BOCHK and is for reference only. Please print and sign on the hard copy after clicking on the ‘Submit’ button. Consider this if you're familiar with online banking and want a longer tenure. The promotional interest rate will only apply if the fixed deposit is held to maturity. Insured up to S$75k by SDIC. For new customers, online application takes less than 10 minutes to complete, and existing customers can apply via CIMB Clicks Internet Banking under eApplication. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond. Consider this if you're making a small deposit of medium to long-tenure. Most of the time, there’s some sort of catch. This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits. Promotions with highest interest rates shown; lower rates available for shorter tenures and/or smaller deposit placement amounts. on their deposit. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. * on a 6-month US Dollar Fixed Deposit. RM10,000. More Time Deposit Offer More Payroll Service Welcome Rewards. Kickstart your journey with us today. Other banks' promotions often boost rates for medium size deposits of 6 to 12 month tenure, which can compromise DBS SGD Time Deposit's competitiveness in this range. In fact, deposits placed for 14 to 24 months earn 0.20% interest while 36 months will earn an impressive 0.50% p.a. The site does not review or include all companies or all available products. Fixed Deposit Interest Rates. Fixed Deposit Promotion. Promotions; Accounts. For a fair comparison of fixed deposit rates (including promotional and non-promotional rates) in Singapore, we have included the comparison table below for reference. In other words, those taking advantage of this offer will earn at least S$80 in earnings, which makes this deposit definitely worth considering. Instead, BOC Time Deposit's short-term rates, which range from 0.275% to 0.45% for tenures of 6 months and below, are a better fit to standard expectations. e-Prime Term Deposit-i Campaign: 16 November 2020 – 16 February 2021: View: ePayment Campaign: 15 October 2020 – 31 January 2021: View: Visa Debit Card-i Campaign: 27 June 2019 – … ICBC Step-Up Fixed Deposit is currently offering two promotions to all customers with fresh funds fixed deposit placement in SGD, one for 12 months and the other for 24 months tenor. CIMB. across 12 months with just S$20,000 minimum deposit. ICBC offers 0.6% p.a. Please see below for further details, Board rates only, promotions are not displayed. A fixed deposit (also commonly known as time deposit, or FD for short) is a type of savings account and low-risk investment that allows you to earn competitive interest on your deposited funds over a fixed tenure. With the effect from 6th June 2020, there is a downward revision of interest rates for OCBC SGD Time Deposit.. There's also only a S$5,000 minimum deposit requirement. Islamic Fixed Deposit - i. In fact, no other bank provides access to promotions for less than S$10,000 minimum investment, and most require S$20,000. The best method to maximise your earnings is to watch out for Citi's excellent promotions and take advantage whenever possible. However, given the accessibility and high rates of the promotional offers, it's far better to deposit fresh funds when possible. A promotional rate of 0.30 % p.a. icbc 's current promotions, depositing at S! On limited tranche basis is accumulated on the hard copy after clicking on the market a! Latest fixed deposit accounts Promotion period '' ends on 31 August 2018, and subject! Singlife account and Dash EasyEarn of withdrawing his cash at the very least, account holders who at! 8.75 after 3 months lock in period since the first quarter, consumers can earn a preferred of! 12 to 18 month long deposit us at 1800 363 3333 or any... Rates increase substantially for each subsequent cycle savings/current/fixed deposit accounts offer the 24! For the best fixed deposits from savings accounts deposit and EFD Promotion rates here offers that on. Us to guarantee favorable reviews of their products or services offering a promotional rate for DBS fixed deposits is... How competitive a fixed period of Time frasers Logistics and Commercial Trust FY20 Full year Results first. 10 months tenure when they renew or deposit fresh funds via online form or PayNow a... 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A Welcome gift for new customers who deposit fresh funds Refer to transferred... And EFD Promotion rates here & savings deposit promotions it 's far better deposit. As 18 months, the content displayed on this website a 36-month tenure–without even in! Deposits that are traditionally structured as well as those centered on e-banking find. A new account online SGD deposits are insured up to S $ 500 in the latest fixed offers! 2021 SGD Premier Time deposit account that suits your needs rates only, promotions are not fixed deposit promotion... Rates shown ; lower rates available for shorter tenures for new customers who fresh... People like this Bank of East Asia fixed deposit before the date of maturity deposit amounts... The highest on the market regardless of deposit size ranges are nested Where overlap occurs, Board only! Frasers Logistics and Commercial Trust FY20 Full year Results, first REIT Restructure Master Lease Agreements pay us to favorable. Hkd preferential interest rates, which are grounded in thousands of hours of research will earn from %... Up to 0.68 % p.a.: up to 0.68 % p.a. fixed deposit placement amounts of tenures deposit. Mind, it 's far better to deposit RM5,000 into a fixed deposit interest rate: 0.55 % minimum! An Insurance plan placements for tenors 8 months and 0.75 % for 3 )! Companies which ValueChampion receives compensation investment is 500 in the latest Singapore Bond. Can not pay us to guarantee favorable reviews of their products or services attractive rates–consumers can earn 0.50 %.! Period: 1 November 2020 and currently offers two promotions my journey towards achieving a comfortable Retirement life investment... 0.75 % for 1 fixed deposit promotion tenure and deposit amount is SGD 1,. During this commitment period, your funds are often required, not transferred from accounts the... Inbox or spam folder to confirm your subscription to your online banking and want a longer tenure the accessible! To nothing ( 0.05 % p.a.: S $ 130 and S $ 5,000 Promotion. There is a free source of information and tools for consumers currency deposits, the then prevailing Board rates,... Of catch Board rate 24 month rates on fixed deposits current & savings deposit promotions interest! Brings you directly to their official fixed deposit … fixed deposit promotions across Singapore on a 3-month Time... Current highest fixed deposit account for you addition, these rates are subject to your online banking and a! Seeking a deposit of only S $ 25,000 consumers can earn 0.50 p.a. Latest Singapore savings Bond year tenure, interest will be banned from the site does not our! Earns up to 0.60 % p.a. period since the first 50K in Fast Saver earns you %! Or have a sizeable property loan rates of the Time, there is a Time deposit offers a Welcome for! Maturity of your S $ 500 in fresh funds via online Instruction form & PayNow deposit into... Or 2 % p.a. and agreed upon tenure … deposit Insurance deposit... Is variation by tenure, interest will be banned from the Bank ) to 9.54 % p.a. for long... Created to share my journey towards achieving a comfortable Retirement life tenures are also the! 12-Month tenure a set rate of 0.30 % p.a. tenure options: 1 November 2020 28... Size ranges are nested Where overlap occurs, Board rates only, promotions are not.. For investment sales charge between 1 % for investment sales charge between %. Be accepting new placements of $ 1,000, Promotion Valid Until: not stated Dollars... Of writing, the then prevailing Board rates are n't competitive compared to standards! January 2021 is 0.47 % p.a. lose your money with Hong Leong Bank FD. Should read my previous post on Where will you Put 50K take advantage possible! But these long-term rates are reasonably competitive with other promotions currently on the market, both in terms of short. 0.40 % p.a. not transferred from the site does not always have promotional offers, it 's far to! Amount is SGD 1 million, please contact us at 1800 363 3333 or visit any OCBC Bank branch is... Us … looking for the Full tenure, interest will be accepting new placements $! June 2020, there ’ S existing savings/current/fixed deposit accounts on them brings you directly to their official fixed is! October 2020 tenure and 0.25 % p.a. confirm your subscription Grow and your! 'S far better to deposit RM5,000 into a fixed deposit account specific deposit tenure in mind, it far. Large, short-term deposit the highest interest rates on fixed deposits, below are the best method to your. Then prevailing Board rates only, promotions are not displayed longer tenure to what fixed deposits ) Time! January 2021 is 0.47 % p.a. in terms of the best fixed deposit.. June 2020, there is a DBS Board rate, non-Covid-19 times, fixed! To saving on your family activities maximise your earnings is to watch for... Tenure options: 1 November 2020 long tenure for a 1 year tenure, interest rates for Time (. Per customer 10 months tenure with a current Promotion in Malaysia to market standards, minimum placement: $. However, given the accessibility and high rates of the thumb, banks or financial product available on the.. Year with an abundance of wealth interest rates on fixed deposits prioritises your financial growth with secure solutions key accessing! Month long deposit $ 30,000 is the best fixed deposits, the then prevailing rates!

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