Standard Chartered 1.65% to 2.05% p.a. SGD Time Deposit Promo 2 – 31 Jan 2016 UPDATED 26 Jan 2016

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Starts2 Jan 2016 (Sat)Ends31 Jan 2016 (Sun)
Location Standard Chartered

From now till 31 Jan uary 2016, earn attractive returns when you deposit minimum fresh funds of S$25,000. Usher in the New Year with a RISIS Prosperity Barrel for every S$88,000 of fresh funds deposited.

UPDATE: Standard Chartered Singapore Dollar Time Deposit CNY (1st to 15th January 2016) Promotion has now been extended to 31st January 2016

Minimum PlacementTenorPromotional RatesPriority Banking Preferential Rates
S$25,0007-month1.65% p.a.1.68% p.a.
S$25,00012-month1.85% p.a.1.88% p.a.
S$25,00024-month2.05% p.a.2.08% p.a.

The interest rates are only applicable if the Time Deposit is held until maturity of the tenor. Standard Chartered Singapore Dollar Time Deposit CNY (1st to 31st January 2016) Promotion Terms and Conditions apply. Fresh funds refer to funds not originating from any existing account with Standard Chartered Bank (Singapore) Limited (“the Bank”) and funds that are not withdrawn or re-deposited within the last 30 days. In computing your Eligible Deposits, 100% of Fresh Funds in Current/Cheque/Savings Account(s), and 50% of Fresh Funds in Time Deposit(s) will be taken into consideration. Exclusions and other conditions apply. Please refer to the full version of Priority Banking Sign-up Promotion Terms and Conditions.

For every S$88,000 of fresh funds placed into the Time Deposit by 31 January 2016, you will receive one (1) RISIS Prosperity Barrel, subject to availability. Limited to a maximum of five (5) RISIS Prosperity Barrels per eligible customer. For Time Deposit accounts held in joint names, only one (1) RISIS Prosperity Barrel will be given for every S$88,000 of fresh funds deposited in such accounts.

  • Singapore Citizen / Singapore Permanent Resident / Foreigner
  • Minimum initial deposit amount of $5,000
  • Age requirement: Minimum 18 years old

Standard Chartered Singapore Dollar Time Deposit CNY (1st to 31st January 2016) Promotion Terms and Conditions

  1. This Standard Chartered Singapore Dollar Time Deposit CNY (1st to 31st January 2016) Promotion (“Promotion”) is available from 1st January 2016 to 31st January 2016 (both dates inclusive) (“Promotion Period”) to all new and existing customers of Standard Chartered Bank (Singapore) Limited (the “Bank”), who are individuals. By participating in this Promotion, you agree to be bound by these terms
  2. To be eligible for this Promotion, you must place a minimum sum of S$25,000 in fresh funds* into either a (i) 7-month Singapore Dollar Time Deposit, (ii) 12-month Singapore Dollar Time Deposit or a (iii) 24-month Singapore Dollar Time Deposit Account (each a “Time Deposit”) during the Promotion Period.
  3. If you satisfy the eligibility criteria stipulated in these terms, you will earn the promotional interest rate of either (i) 1.65% p.a. for the 7-Month Singapore Dollar Time Deposit, (ii) 1.85% p.a. for the 12-Month Singapore Dollar Time Deposit or (iii) 2.05% p.a. for the 24-Month Singapore Dollar Time Deposit (each a “Promotional Rate”) on the sum in fresh funds* you placed in the Time Deposit during the Promotion Period, subject to these terms. The Promotional Rate is only applicable if the Time Deposit is held until maturity of the tenor. The Bank reserves the right to require the forfeiture of any amount or interest awarded at the Promotional Rate or any part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor.
  4. Notwithstanding Clause 3 above, if you are a Priority Banking client of the Bank during the Promotion Period and up till maturity of the Time Deposit tenor, you will enjoy a preferential interest rate of (i) 1.68% p.a. for the 7-Month Singapore Dollar Time Deposit, (ii) 1.88% p.a. for the 12-Month Singapore Dollar Time Deposit or (iii) 2.08% p.a. for the 24-Month Singapore Dollar Time Deposit (each a “Preferential Rate”) on the sum in fresh funds* you placed in the Time Deposit during the Promotion Period, subject to these terms. The Preferential Rate is only applicable if the Time Deposit is held until maturity of the tenor. The Bank reserves the right to require the forfeiture of any amount or interest awarded at the Preferential Rate or any part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor or if you cease to maintain your Priority Banking status during the tenor of the Time Deposit.
  5. Any renewal upon maturity of the Time Deposit at the option of the account holder will be based on the Bank’s prevailing Singapore Dollar Time Deposit board rate for the same tenor.
  6. For every S$88,000 of fresh funds* placed into a Time Deposit from 1st January 2016 to 31st January 2016, you will receive one RISIS Prosperity Barrel Gift, subject to availability of stock. For Time Deposit accounts held in joint names, only one (1) RISIS Prosperity Barrel will be given for every S$88,000 of fresh funds* deposited in such accounts.
  7. Each eligible customer is limited to a maximum of five (5) RISIS Prosperity Barrel Gifts (collectively “Gifts” and individually a “Gift”). The Gifts are available on a first-come-first served basis, while stocks last. The Gifts are not exchangeable for cash or any other items. A redemption letter (“Redemption Letter”) will be issued to each eligible customer at the time of his/her account opening at any of the Bank’s branch offices, and an eligible customer may redeem his/her Gift at a date and location stated in the Redemption Letter.
  8. No payment or compensation whether in cash, credit or kind shall be made for any uncollected, lost, misplaced, defaced, stolen or damaged Gifts or Redemption Letters. The Bank is not an agent of the merchants supplying the Gifts. The Bank makes no warranty or representation as to the quality, value, merchantability or fitness for purpose of the Gifts and assume no liability or responsibility for the acts or omissions of the merchants or any non-performance or defects in the Gifts. Any dispute about the quality, value, condition or performance of the Gifts is to be resolved directly between the customers and the merchants.
  9. In the event that an eligible customer who has received the Gift, withdraws any sum from the Time Deposit prior to maturity of the tenor, the Bank reserves the right to debit the value of the Gift (or such other amount as it deems fit) from the eligible customer’s Time Deposit account or any other account held with the Bank.
  10. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.
  11. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, extend or shorten the Promotion at any time at the Bank’s sole discretion, with or without prior notice or reason.
  12. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including your eligibility for the Gifts and/or Promotion and/or the amount of interest that you are entitled to receive. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.
  13. The terms and conditions of the Promotion are to be read in conjunction with Customer Terms and Current/Cheque/Savings Account and Time Deposit Terms (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Promotion, the latter shall prevail to the extent of such inconsistency.

*Fresh funds refer to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days.

Other terms and conditions apply.

Sales on until 31 Jan 2016. For more info, click here.

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