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Standard Chartered New Time Deposit Promotion Starting 13 June 2025
Fresh funds of S$25,000 and above can now enjoy up to 1.75% p.a. on a 5-month fixed deposit
Standard Chartered Bank (Singapore) Limited has refreshed their time deposit campaign offering new interest rates on Singapore Dollar (SGD) fixed deposits. This new promotion, effective from 13 June 2025, allows eligible customers to earn up to 1.75% per annum on a 5-month deposit tenor.
Campaign Eligibility and Deposit Criteria
The latest time deposit offer is tailored for individuals who are able to contribute fresh funds of at least S$25,000. According to the bank, “fresh funds” are strictly defined as monies not held in any Standard Chartered account in the past 30 calendar days. This stipulation helps ensure that only genuinely new deposits are used, discouraging internal fund cycling and promoting external capital inflows.
Customers can place their deposits using Standard Chartered’s Online Banking platform or the SC Mobile app, highlighting the bank’s continued focus on digital convenience and seamless onboarding.
Tiered Promotional Interest Rates
Under this promotion, interest rates differ based on the customer’s banking relationship tier. The details are outlined in the table below:
| Tenor | Minimum Placement (SGD, Fresh Funds) | Interest Rate (p.a.) |
|---|---|---|
| 5 months | S$25,000 | Personal Banking: 1.70% p.a. Priority Banking: 1.75% p.a. Priority Private: 1.75% p.a. |
These rates are fixed throughout the tenure, subject to the condition that the full deposit amount remains untouched until maturity. Customers withdrawing early risk receiving only partial interest or potentially forfeiting interest earnings entirely, depending on specific terms laid out in the product’s terms and conditions.
Clarifying Fresh Funds Requirement
Standard Chartered has reinforced its definition of “fresh funds” to prevent potential misuse of the offer. Any funds deposited must not have been previously present in the bank’s systems, including all savings, current, or time deposit accounts, within the last 30 days. This stringent rule aims to maintain the promotional integrity by ensuring authentic new cash inflows.
Comprehensive details and application guidance for the campaign are available on the official product page here.
Terms and Conditions
Participants are advised to review the official terms and conditions before committing. These outline crucial clauses related to deposit tenure, early termination rules, interest accrual, and maturity handling.
Comparison with Earlier Offers
The current campaign follows a previous promotion launched on 6 June 2025, which featured a slightly higher interest rate of 1.8% p.a. (see earlier campaign). While the revised rate is slightly lower, it still remains competitive within the local time deposit landscape.
For a holistic comparison of deposit options from multiple banks, individuals may consult the detailed rate compilation guide available here.
With this revised offering, Standard Chartered continues to position itself as a compelling choice for short-term depositors seeking both flexibility and security. Customers are encouraged to act swiftly, as promotional offers may be time-limited or subject to revision based on market conditions.
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