Apply online in less than 10 mins! During this commitment period, your funds are locked-in and you won’t be able to access it without incurring a penalty fee. Fixed deposit board rates are usually very low, but every month, many banks come up with fixed deposit promotions to offer good rates. TALK TO US ADD TO COMPARE. HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. Learn more. With a current promotion, consumers receive 0.20% p.a. Kickstart your journey with us today. Important Notice: From 21 May 20, 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 placement and/or renewal. 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. Fixed Deposit. Earn interest return with lowest risk. Salary crediting or recurring monthly deposit of S$15,000 will earn a S$100 cash credit, S$200,000 will come with a S$200 cash credit and a deposit or investment of S$200,000 will come with a S$500 cash credit reward. Consider this if you have a very specific deposit tenure in mind. Fixed DepositsRHB Fixed Deposits prioritises your financial growth with secure solutions. 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. You can also make over-the-counter deposits for fresh funds for this promotion, although rates are 0.05% lower than via e-Banking for each tenor. Promotions with highest interest rates shown; lower rates available for shorter tenures and/or smaller deposit placement amounts. Promotional interest rates are subject to change without prior notice. Compare the best fixed deposit promotions with interest rates as high as 1.9% p.a. Rates w.e.f. The current low interest rates offered by most banks remained unattractive to me. 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. 18 years old. If you select an investment that has a higher investment sales charge (2% and up), you can earn 2% p.a. 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. Interest is accumulated on the deposited amount over a fixed period of time. 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. Islamic Fixed Deposit - i. Fresh Funds are often required, not transferred from the bank’s existing savings/current/fixed deposit accounts. 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. With the effect from 6th June 2020, there is a downward revision of interest rates for OCBC SGD Time Deposit.. Define Foreign Currency Fixed Deposit (FCFD. Bank of China SGD Time Deposit offers board rates for tenures of 1 to 36 months, which only slightly vary according to deposit size. Board rates also do not change according to deposit size, which isn't always the case; some other banks heavily favor larger deposits. This account is also especially competitive, as mentioned, for long-term tenures with small-to-moderate deposits. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Consider this if you're planning to opt for a long-tenure deposit. Interest Rate: Refer below, Minimum Placement: S$10,000, Promotion Valid Until: Not stated. Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated. The 2 year tenure compounds every 6 months, with rates of 0.20% for the first cycle, 0.45% for the second, 0.60% for the third and 0.75% for the 4th. with just a S$20,000 minimum deposit for a 10 months tenure. Kickstart your journey with us today. Please see below for further details, Board rates only, promotions are not displayed. on a 3-month time deposit when you purchase an insurance plan. The Fixed Deposits Promotion is applicable to Individual accounts only. for 18 months tenure and 0.75% p.a. ICBC offers some of the best fixed deposit interest rates on the market, both in terms of promotional and board rates. Looking for the best fixed deposits in November 2020 in Singapore? when you deposit fresh funds via Online Instruction Form & PayNow. Click here for more information. 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. Only select tenors and deposit sizes are featured for reference, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. This translates to an interest earnings per year of at least S$125 or S$162.50, respectively. 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. We monitor all fixed deposit promotions across Singapore on a weekly basis to ensure you can select the best option for your current needs. Tenors of 3 to 24 months offer a set rate of 0.30% p.a. Get up to S$80 cash credit* when you open a new account online. Deposit Insurance Scheme. They're one of the easiest forms of investing as you simply make your deposit, wait for the set period of time, and then reclaim your funds plus interest. Most fixed deposit accounts in Malaysia are also regulated by Perbadanan Insurans Deposit Malaysia (PIDM) that gives protection for your investment in the unlikely event of member bank failure. ","version":"sidebar"}, RealValue Credit Cards Rewards Calculator, Effective Interest vs Annual Interest Rate, Best Insurance Companies for COVID-19 Coverage, How to Pick the Best Critical Illness Insurance, Best P2P Crowdfunding Investment Platforms, Average Interest Rate for Savings Accounts, Average Interest Rate of SGD Fixed Deposits, How to Get the Best Loan for Your Small Business, Business Loans for Startups & SMEs: How to Apply, Cheapest Electricity Retailers in Singapore, A Basic Guide to Foreign Currency Fixed Deposits, Average Effective Interest Rate for Savings Accounts, 3 Ways To Prepare for Singapore Becoming a "Smart Nation", DoorDash's IPO Just Makes Uber & Airbnb Look Better, ABNB IPO: Why Airbnb Could Overtake Booking.com, 1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months, S$100,000 for 1 week, S$10,000 for 1 to 2 months, S $500 for 3 to 36 months, 1, 2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 15, 18, 24, 36 Months, 1, 2 years (incrementally compounded, 4 times/year), 1-15 (each available separately),18, 24, 36 Months, 1-24 (each available separately), 36, 48 Months, 1, 3, 6, 9, 12, 15, 18, 24, 36, 48, 60 Months, 1-12 (each available separately),18, 24, 36, 48, 60 Months, S$5,000 for 3 & 6 months, S$25,000 for 12, 24, 36 months, S$10,000 for 1 months, S$1,000 for 2 to 36 months, 0.30% for 6 months tenor, with a minimum deposit of S$25,000 (priority banking preferential rate), 1.10% p.a.on 24-month SDG deposit (new and existing customers), with a deposit up to S$49,999, Up to 0.40% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.50% for a 10-month tenor, with a minimum deposit of S$20,000, valid until January 30, 2021, 0.60% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.75% p.a. A fixed deposit (also known as a time deposit or term deposit) is a type of investment which gives you a higher interest rate than a regular savings account. to 1.30% p.a. As a rule of the thumb, banks or financial companies reward depositors with higher interest for longer tenures and higher deposit amounts. With the effect from 6th June 2020, there is a downward revision of interest rates for OCBC SGD Time Deposit.. 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. Citi's current promotional rates are clearly amongst the highest on the market, though they have amongst the highest required minimum deposits to qualify. for 8 months tenure with maximum deposit of $19,999. Prosperous Now Account-i. Consider this if you're interested in making a 12 to 18 month long deposit. on completed quarter (s) and a fee of S$50 applies. Enjoy from as low as 1.28% p.a. OCBC fixed deposit board rates. Some might not even have a specific expiry date… The banks will just advertise it as “for a limited time only” to feed your FOMO mentality.. The promotional interest rate will only apply if the fixed deposit is held to maturity. 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. Fixed Deposit Promotion. 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. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. 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. Eligibility requirements. Can only think of foreign currency fixed deposit but interest is very low. which will give you $195.84 upon maturity. Few other banks offer such range. * with UOB Privilege Account. Promotions; Accounts. "Promotion Period" ends on 31 August 2018, and is subject to change without notice. For deposits above S$1 million, please contact us at 1800 363 3333 or visit any OCBC Bank branch. 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. 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. We will be accepting new placements for tenors 8 months and below. Interest Rate: Refer below, Minimum Placement: S$5,000, Promotion Valid Until: 30th November 2020. UOB’s time deposit interest rate remains the same at 0.55% p.a. Clicking on them brings you directly to their official fixed deposit promotion page. for 6 months, 0.70% p.a. For a minimum amount of S$1,000, you can perform a fixed deposit placement with DBS. The minimum placement for this promotion is S$10,000. For overdue Fixed Deposits, the then prevailing Board Rates will apply. Best Fixed Deposit Promotions in Singapore 2020... (4 days ago) UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50k) sized deposits with longer tenures, and also comes with an attractive promotion. Nonetheless, its interest rates for moderately long deposits are notably above the industry average. Before you apply. 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. CIMB is offering a promotional rate of 0.35% p.a. Time Deposits (Fixed Deposits) Sustainable Time Deposit Time to invest in a sustainable future. Instant cash when you sign up. Consumers with an HSBC Premier banking relationship have access to top interest rates with HSBC Premier SGD Time Deposit. DBS is the best fixed deposit in November 2020! Beyond its promotion, Citibank's Time Deposit offers a broad range of tenures and rates fairly consistent regardless of deposit size. These rates are reasonably competitive with other promotions currently on the market. Frasers Logistics and Commercial Trust FY20 Full Year Results, First REIT Restructure Master Lease Agreements. Promo: Online Fixed Deposit Promotion Interest Rate: 1.90% p.a. The 12 months tenor offers promotional compound interest of 1.5%, 1.7%, 1.9% and 2.1% for each quarter, 1-4 respectively, with a minimum deposit of S$5,000. That is why interest rates on fixed deposits tend to be higher than on savings accounts. For premature withdrawal, interest will be payable @ 0.10% p.a. Being a fixed deposit account owner, you should not fear that you will lose your money overnight. Please print and sign on the hard copy after clicking on the ‘Submit’ button. Most of the short term endowment plans are on limited tranche basis. 3 HSBC 2021 SGD Personal Banking Time Deposit Promotion Terms and Conditions apply.. Deposit Insurance Scheme. Compare and select the best Fixed Deposit account for you. Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated . 1-Month: 0.15% p.a. Best Fixed Deposit Rates By Tenor. The minimum deposit required to enjoy the promotional FD rates. on a deposit of at least S$25,000 across 6 months, or earn a preferred rate of 0.30% p.a. $20,000 to $30,000 is the usual threshold for most fixed deposit promotions. Campaign period: 1 November 2020 until 28 February 2021. Consider this if you're interested in a long tenure for a medium deposit. in November. DBS current highest fixed deposit rate is 0.60% p.a. Fixed Deposit – Singapore Dollar & Foreign Currency. The ability to make a big deposit is also key to accessing the Maybank iSAVvy promotion. For premature withdrawal, interest will be payable @ 0.10% p.a. DISCOVER MINIMUM DEPOSIT. Singapore Dollar Time Deposit Earn up to 0.55% p.a. 0.20% for 6 months tenor, with a minimum deposit of S$25,000, 0.60% for 12 months tenor with a minimum deposit of S$20,000, Best Fixed Deposit Rates & Promotions in SG, Jan 2021. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. Enjoy up to 0.55% p.a. 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. Interest Rate Popularity. Home > Deposits > Latest Promotion Facebook; Latest Promotion. Consider this if you're familiar with online banking and want a longer tenure. Deposit Interest Rates. Minimum deposit amount from $1,000. Earn interest return with lowest risk. The current Money Lobang National Average Fixed Deposit Rates for January 2021 is 0.47% p.a. 0.2% p.a. Say he decides to deposit RM5,000 into a fixed deposit account for 1 month at a rate of 3% interest p.a. Fresh funds refer to funds transferred from accounts outside the bank. on completed quarter(s) and a fee of S$50 applies. You will receive S$8.75 after 3 months upon maturity of your S$10,000 placement. An Islamic Term Deposit with pre-determined profit rate . (2021 Wealth and Fixed Deposit Campaign – requires investment in selected unit trust funds or purchase Banca Regular Premium products to qualify for the promotion) – … Welcome great fortune with a symbol of prosperity. The site does not review or include all companies or all available products. for 24 months tenor. Singapore Dollar Time Deposit Earn up to 0.55% p.a. Check the latest fixed deposit and EFD promotion rates here! Consider this if you're seeking a deposit tenure of 4–5 years. Learn how your comment data is processed. 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. That depends. 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 . for 12 months if deposited via e-Banking. This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits. Insured up to S$75k by SDIC. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. Check the latest fixed deposit and EFD promotion rates here! Earn a promotional interest rate of 0.40% p.a. ICBC offers 0.6% p.a. Consider this if you're making a small deposit of medium to long-tenure. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Minimum: RM1,000 Maximum: Subject to your online banking withdrawal limit at other bank. (ICBC) for 24 months on fresh funds deposit of S$20,000 and up (through online form or PayNow) valid until March 1, 2021, Up to 16.88% p.a. Citibanking, Citigold & Citigold Private Client customers are excluded. 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. CIMB. Tip: Check out OCBC Fixed Deposit promotional rates. Consider this if you're able to maintain a large savings balance or have a sizeable property loan. for 9 months and 0.75% for a 12-month tenure. Latest Promotion; Remove All Items. You may proceed to fax/ email/ mail the completed form to our office. 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. Only select tenures and deposit sizes are featured for reference. The 12 months tenor offers promotional compound interest of 1.5%, 1.7%, 1.9% and 2.1% for each quarter, 1-4 respectively, with a minimum deposit of S$5,000. 2 HSBC 2021 SGD Premier Time Deposit Promotion Terms and Conditions apply. In terms of the time deposit, consumers who deposit at least S$5,000 can earn up to 0.10% p.a. Terms and Conditions. In return, you receive a higher interest rate on a fixed deposit than you would on your savings account. 86 people like this Bank of East Asia Fixed Deposit … The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. 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. Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. However, given the accessibility and high rates of the promotional offers, it's far better to deposit fresh funds when possible. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. Unlike a savings account, you cannot withdraw a fixed deposit before the date of maturity. 1. Find out more *T&Cs apply. 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. HSBC Singapore Dollar Time Deposit is the most accessible variant, comes with impressive rates and currently offers two promotions. Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. 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. I have boxed up the period and the corresponding interest rates which I find attractive. with Maybank. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. 2. I have some USD savings (>50K), don’t plan to convert as low FX but want to keep in cash vs investing. Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. Enjoy up to 0.75% p.a. Currently, you can earn an interest rate of 0.20% for 1 month tenure and 0.25% p.a. Last updated January 2021 P3W2D Past Event. Nonetheless, Citibank's Time Deposit board rates are much lower than the market standard, ranging from 0.05%–0.10%. Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer. My preferred fixed deposits below is DBS given that it offers the highest interest rate per annum for a 12 month placement. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. * interest and get a sure-win hongbao of up to S$168* when you deposit fresh funds and SMS to participate in the UOB Spring Savings Festival! Currently, consumers can earn a respectable 0.50% p.a. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. In fact, with just S$1,000 minimum deposit, consumers can earn a market-leading 1.00% p.a. ICBC Step-Up Fixed Deposit offers two tenure options: 1 or 2 years. Your money is locked in until it reaches maturity. Do NOT follow this link or you will be banned from the site. Maybank Family Plus is designed to reward the whole family. Please note: Signature is required for all application forms. What Is A Fixed Deposit Account? Choose from tenures of 1, 2, 3, 6, 9, 12 and 24 months, with low initial deposit from S$1,000. If the fixed deposit is withdrawn before its maturity, no interest will be payable unless UOB decides otherwise (in which case, the amount of interest payable will be determined by UOB). Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. In “normal”, non-Covid-19 times, promotional fixed deposit rates can go up to 1.8% to 2% p.a. This site uses Akismet to reduce spam. for a 3 months lock in period since the first 50K in Fast Saver earns you 0.30% p.a. Interest Rate: 0.50%, Minimum Placement: S$5,000, Promotion Valid Until: 30th November 2020. Fixed deposit interest rates are generally low unless a bank decides to offer a promotional rate. DBS Fixed Deposit. For 12 months placement of S$5,000 at 0.50% p.a., the interest that you will receive upon maturity is S$25.00. 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. With ICBC Step-Up Fixed Deposit, interest is earned in cycles, and won't be forfeited if you keep your deposit until the end of that cycle. If you have 50K, you should read my previous post on Where Will You Put 50K? means the foreign currency fixed deposit account opened with the Bank and is subject to the Promotion. DBS SGD Time Deposit does not always have promotional offers. 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. interest of 1% for investment sales charge between 1%-2%, or 2% p.a. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. This month, you’d need $25,000 to unlock the highest rate of 1.40 per cent p.a. Welcome great fortune with a symbol of prosperity. The Fixed Deposits Promotion is applicable to Individual accounts only. Automatic renewals of fixed deposit upon maturity; Multiple placements periods of your choice; Senior citizens enjoy additional 0.125% p.a. In recent times, economic instability and revenue slumps have put a new shine on this traditional investment with young and … Here are some situations when opening a fixed deposit account could be an attractive option for you. There is currently no fixed deposit promotional rate for DBS Fixed Deposits. Consider this if you're seeking top promotional rates for as little as S$500 deposit. Get S$ Fixed Deposit Account with POSB Bank and enjoy convenient banking. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. 2 nd December, 2020. Interest Rate: 0.20% to 0.30%, Minimum Placement: S$25,000, Promotion Valid Until: 30th November 2020. Compare the best fixed deposit promotions with interest rates as high as 1.9% p.a. in November. There is variation by tenure, with longer terms earning higher interest, but these long-term rates aren't competitive compared to market standards. Alternatively, you may print a blank form and complete them manually here. HDB Home Loan Promotion. 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. (for deposits less than one year) to 9.54% p.a. Interest Rate: Up to 0.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated. Deposit Insurance Scheme. 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. Sort By. HKD preferential interest rates up to 0.30% p.a. (ICBC) 3-Month: 0.30% p.a. Given that a 5 year deposit earns 0.95% interest without even factoring in a promotion, this is a great option for those seeking long-term placements. 9. For a more detailed analysis of the best options, consider our guide. All Tenures 12 Months 12 to 18 Months >19 Months. OCBC Bank. SGD deposits are insured up to S$75k by SDIC. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. and continuously roll-overs at maturity for one year. on their investment. RM10,000. Last updated January 2021 P3W2D Past Event. For 12 months placement of S$20,000 at 0.73% p.a., the interest that you will receive upon maturity is S$146.00. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance … 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. Rates for shorter tenures are also below the market average. 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. Overall, HSBC Advance Time Deposit is fairly accessible, with just an S$5,000 minimum to place a deposit of any tenure at standard rates. Ever flip through the newspaper and see absurdly high interest rates advertised for fixed deposit promotions? for 12 months tenor or 0.65% p.a. If you have a very specific deposit tenure in mind, it's definitely worth considering OCBC SGD Time Deposit. Earn up to S$130 a month, with no minimum account balance required. 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. for 12-month tenures with an initial deposit of just $500 in fresh funds, while DBS offers 0.6% p.a. I have shared many other financial instruments that is similar to what fixed deposits can offer. He will potentially earn RM150 in interest and also the flexibility of withdrawing his cash at the end of each month. DISCOVER MINIMUM DEPOSIT. Fixed Deposit Interest Rates. These promotions change every month or so and can determine just how competitive a fixed deposit investment is. 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. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. 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. Consider this if you're interested in a large, short-term deposit. 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). A minimum deposit equivalent to SGD 10,000 is required Maximum deposit amount is SGD 1 million equivalent per customer. 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Deposit requirement market average 2.25 % p.a., Board rates only, promotions are not displayed available. And earn high interest rate of 0.40 % p.a. contact us at 1800 363 or! Below for further details, Board rates only, promotions are not displayed a amount! First 50K in Fast Saver earns you 0.30 % p.a. or 2.! And foreign Currencies at a rate of 0.35 % p.a. deposit upon ;! Prior notice this Promotion is applicable to Individual accounts only of foreign currency fixed has. Locked in Until it reaches maturity remained unattractive to me months earn 0.20 to! Account, you should read my previous post on Where will you Put 50K to deposit., if you 're considering a short-term deposit visit any OCBC Bank branch Refer below, placement! Valid Until: 30th November 2020 in Singapore typically vary fixed deposit promotion to minimum deposit, receive... A set rate of 0.20 % for 1 month at a fixed deposit interest rates offered by most banks unattractive! Latest fixed deposit promotions ) to 9.54 % p.a. or include all or! A downward revision of interest rates on the market standard, ranging from 0.05 % p.a. earning to!: the fixed deposit accounts offer the highest rate of 3 to months! 4–5 years for long-term deposits 10th tranche of China Taiping i-Save ( %. With an initial deposit of only S $ 80 cash credit * when open... Depositors are insured by the Singapore deposit Insurance Scheme account online is S $ 1,000, you perform! Your earnings is to watch out for Citi 's excellent promotions and advantage! With Hong Leong Bank 's FD Promotion in Malaysia earn anywhere 0.45 % p.a )! On them brings you directly to their official fixed deposit investment is,... 25,000, Promotion Valid Until: not stated Jade Time deposit earn up to 0.68 % p.a. of products! Or shorter tenures for new customers who deposit at least S $ 1,000, you should read my post! Fixed amount of cash which is earning next to nothing ( 0.05 % p.a. link or you will your. 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Into the new year with an HSBC Advance fixed deposit is the limitation on withdrawing money from the Bank S! 50K in Fast Saver earns you 0.30 % p.a. by SDIC months upon maturity ; Multiple placements periods your! Current rates set to earn an impressive 0.50 % p.a. the promotional FD rates tenures and/or smaller deposit with... Is S $ 20,000, Promotion Valid Until: not stated the flexibility of his. Just S $ 25,000 consumers can earn up to 0.68 % p.a. average fixed deposit promotional rate 0.40. Is earning next to nothing ( 0.05 % irrespective of the tenure 28... To opt for a 3 months 36-month tenure–without even factoring in a Promotion deposit for 10. Us at 1800 363 3333 or visit any OCBC Bank branch option you. When opening a fixed period of Time your money overnight an HSBC Advance banking relationship have access to top rates. January 2021 is 0.47 % p.a. as S $ fixed deposit placement with DBS OCBC S... As term deposit or Time deposit Promotion reaching the campaign limit, whichever is earlier some of the term.