Deposits have a much lower risk as compared to other volatile products. They offer peace of mind and 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
In no particular order (due to varying T&Cs):
- 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)
- OCBC: 0.90% p.a. 12-mth Time Deposit from 4 Nov 2016
- RHB offers 1.20% to 1.35% p.a. for 12-mth SGD fixed deposits from 4 Jan – 31 Mar 2017
- ICBC Bank offers 1.25% to 1.30% p.a. 12-mth fixed deposits from 22 Feb 2017
- UOB offers 1.10% p.a. for 13-mth SGD fixed deposits from 1 – 31 Mar 2017
- Earn up to 2.27% p.a. with the latest Singapore Savings Bond from 1 – 28 Mar
- CIMB Bank offers 1.20% to 1.25% p.a. with latest SGD fixed deposit promo valid from 4 – 15 Mar
- Standard Chartered offers up to 1.25% p.a. for 5 & 11 month time deposits from 1 – 31 Mar 2017
- Maybank offers up to 1.30% p.a. when you deposit fresh funds into an iSAVvy Savings account from 1 Mar – 31 May
- UOB offers up to 1% p.a. when you deposit fresh funds from 1 Mar – 30 Apr
- Standard Chartered eSaver offers up to 1.38% p.a. with fresh funds deposit from 1 Feb – 31 Mar
- RHB offers up to 1% p.a. with High-Yield savings account from 27 Jan 2017
Found a good offer? Share it in the comments below!
Get a FREE 28" Luggage + Up to $168 Cash Rebate (with NO Annual Fees ever!) when you apply for a ANZ Switch Card at www.anz.com.sg. T&Cs apply