Banks competing with higher Fixed Deposit Rates

Standard Chartered Bank is offering an rate of 1.5 per cent for a three-month Singapore-dollar time deposit if fresh funds of $25,000 to $200,000 are deposited https://www.sc.com/sg/promotion/2014/timedeposit/

CIMB Bank is giving 1.25 per cent in interest for a 12-month fixed deposit with a minimum amount of $25,000

ANZ is paying an effective interest rate of 1.55 per cent for a 24-month step-up time deposit with a $150,000 minimum. link

Citigold clients get 1.2 per cent a year on a six-month Singdollar time deposit with new funds of between $100,000 and $1 million.

HSBC’s Premier customers can earn 1.3 per cent for a 10-month term deposit of $30,000 to $1.5 million, while its Advance clients will get 1.25 per cent.

Maybank’s new promotion of a 24-month Singdollar time deposit of at least $50,000 will pay 1.55 per cent in interest link

OCBC 360 account – up to 3.05% p.a. for $50,000

ocbc360

Click here for details

Note: This is not a classic Fixed Deposit product.

Conditions

  • Credit your salary to your OCBC 360 account. Your salary must carry out via GIRO with a description of “GIRO-SALARY”.
  • Pay 3 bills every month using OCBC 360 account.
  • OCBC Credit Card spending needs to be at least $400/month. The transaction date is used as the basis for inclusion into a particular month and not the posting date which can be 1-2 days later.

SINGAPORE ONE STOP SOURCE OF LATEST DEPOSIT RATES. UPDATED MONTHLY!