Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there
Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.
In a heavily summarised definition:
- 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.
- Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits
Newer promotions are added to the bottom of the list
- Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
- CIMB StarSaver Account 0.8% p.a. on the entire account balance (min $5,000 balance)
- CIMB FastSaver account 1.0% p.a. on first $50,000, 0.6% thereafter (min $1,000 balance)
- ICBC Bank offers 1.25% to 1.30% p.a. 12-mth fixed deposits from 22 Feb 2017
- RHB offers up to 1% p.a. with High-Yield savings account from 27 Jan 2017
- Enjoy up to 1.55% p.a. on Maybank 24-month SGD Time Deposit from 12 Apr 2017 (10K time deposit for every 1K savings deposited)
- Maybank: Reach up to 1.50% p.a. on your savings when you deposit fresh funds from 1 Sep – 31 Dec 2017
- OCBC offers 1.1% p.a. with 12-mth time deposit from 6 Oct 2017
- Hong Leong Finance offers 1.10% to 1.25% p.a. fixed deposits from 24 Oct 2017
- Maybank: Earn up to 1.30% p.a. with the latest SGD Time Deposit promo! From 1 Nov
- CIMB Bank: Earn 1.15% to 1.25% p.a. with latest SGD fixed deposit promo! Valid from 8 Nov – 15 Dec 2017
- State Bank of India: Earn 1.30% to 1.40% p.a. with 12-mth time deposits! Valid from 25 Nov – 31 Dec 2017 NEW
- Sing Investments & Finance: Earn 0.85% to 1.30% p.a. with fixed deposits! From 29 Nov 2017 NEW
- Singapore Savings Bond (SSB): Earn up to 2.13% p.a. in this month’s bond! Apply from 2 – 26 Dec 2017 The Jan 2018 Savings Bond has the highest interest rates so far for years 1 to 3! NEW
- Standard Chartered: Earn up to 1.30% p.a. for 7-mth & 10-mth time deposits! Valid from 1 – 31 Dec NEW
- UOB offers 1.15% p.a. for 10-mth SGD fixed deposits from 1 – 31 Dec NEW
- Standard Chartered: Earn up to 1.25% p.a. when you deposit fresh funds into eSaver from 1 Dec 2017 – 31 Jan 2018 NEW
- Hong Leong Finance: Earn 1.00% to 1.28% p.a. with 6/12/15 month fixed deposits! From 7 Dec NEW
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