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Standard Chartered Bank (Singapore) Limited has updated its Fresh Funds Singapore Dollar Time Deposit promotion from 9 Oct 2026, offering interest rates of up to 1.90% p.a. for a 12-month placement. 💰
With a minimum placement of S$25,000 in eligible Fresh Funds, the promotion offers fixed interest rates ranging from 1.65% p.a. to 1.90% p.a., depending on the banking relationship. Personal Banking customers receive 1.65% p.a., Priority Banking customers enjoy 1.80% p.a., while Priority Private clients qualify for the highest rate of 1.90% p.a.
The promotion provides an option for funds that can remain set aside for 12 months, with the applicable interest rate fixed for the confirmed placement tenor rather than fluctuating with daily market conditions. Applications can be completed conveniently through SC Mobile or Online Banking, after transferring qualifying Fresh Funds into a Standard Chartered savings or current account.
⚠️ Important before placing: The minimum S$25,000 Fresh Funds deposit does not automatically qualify for the highest promotional rates. Standard Chartered generally requires at least S$200,000 in qualifying assets under management for Priority Banking and S$1.5 million for Priority Private. The relevant preferential banking status must be maintained through Time Deposit maturity, and accounts must remain valid and in good standing. Check the official Priority Banking and Priority Private requirements. Promotional rates may also change during the wider campaign, so confirm the offered rate immediately before placement.
💰 Standard Chartered 12-month time deposit promotion at a glance
- Bank: Standard Chartered Bank (Singapore) Limited
- Promotion: Fresh Funds Singapore Dollar Time Deposit
- Updated rates effective: 9 Oct 2026
- Promotional tenor: 12 months
- Minimum placement: S$25,000 in eligible Fresh Funds
- Eligible customers: New and existing individual customers, subject to the promotion requirements
- Banking segments: Personal Banking, Priority Banking and Priority Private
- Promotional interest rates: 1.65% p.a. to 1.90% p.a.
- Application channels: SC Mobile and Online Banking 📱💻
Latest Singapore Dollar Time Deposit interest rates
The refreshed promotion features a single 12-month promotional tenor, with interest rates determined by banking segment. All three tiers require at least S$25,000 in qualifying Fresh Funds.
| Banking segment | 12-month promotional rate | Illustrative interest on S$25,000 |
|---|---|---|
| Personal Banking | 1.65% p.a. | S$412.50 |
| Priority Banking | 1.80% p.a. | S$450.00 |
| Priority Private | 1.90% p.a. | S$475.00 |
The illustrative interest amounts represent S$25,000 multiplied by the respective annual interest rate for a 12-month period. Actual interest is subject to Standard Chartered’s applicable calculation methodology and account terms.
How do the new rates compare with the previous promotion?
Compared with the Standard Chartered 12-month Time Deposit rates introduced on 1 Oct 2026, all three banking segments have experienced a slight reduction of 0.05 percentage point:
- Personal Banking: Reduced from 1.70% p.a. to 1.65% p.a.
- Priority Banking: Reduced from 1.85% p.a. to 1.80% p.a.
- Priority Private: Reduced from 1.95% p.a. to 1.90% p.a.
For a S$25,000 placement over 12 months, the reduction represents approximately S$12.50 less interest compared with the corresponding previous rate. Although the differences are relatively small, comparing the available rates with other banks remains worthwhile before committing funds for a full year.
Standard Chartered may revise its promotional interest rates and eligible tenors. Check the final rate presented during application, as the rate and tenor confirmed in the Time Deposit confirmation advice take precedence if they differ from information displayed elsewhere.
What qualifies as Fresh Funds? 🤔
The promotional rates apply specifically to eligible Fresh Funds, rather than simply any money already held with Standard Chartered.
Under the promotion’s Fresh Funds definition, qualifying money must not originate from an existing Standard Chartered account. Funds withdrawn from Standard Chartered and subsequently deposited back within the 30 days preceding the opening of the Time Deposit are also excluded from Fresh Funds eligibility.
One practical approach is to transfer qualifying money from an account held with another Singapore bank, potentially using FAST, into an existing Standard Chartered savings or current account before making the Time Deposit placement.
Retaining the incoming transfer record may help when verifying the source of funds. Where money has recently moved between Standard Chartered accounts, been withdrawn and redeposited, or passed through several accounts, confirm eligibility with the bank before proceeding. ⚠️
How to apply through SC Mobile 📱
Standard Chartered provides an online application process through its SC Mobile banking app. Before starting, transfer the required eligible Fresh Funds into an existing Standard Chartered savings or current account.
- Log in to the SC Mobile app.
- Select Discover from the bottom navigation bar.
- Choose Deposits > Time Deposit.
- Select Singapore Dollar Time Deposit.
- Enter the required placement information, including the deposit amount and tenor.
- Review the applicable promotional interest rate and other placement details.
- Confirm and submit the application after checking the information. ✅
Note: Application screenshots are provided for navigation reference. Menu layouts, displayed offers, interest rates and available tenors may change with subsequent updates to SC Mobile. Earlier illustrations may feature different promotional periods and rates, so always refer to the current offer presented during application.
New to Standard Chartered? A suitable savings or current account may be opened online first before transferring the qualifying Fresh Funds and proceeding with the Time Deposit placement.
How to apply through Online Banking 💻
Customers who prefer using a desktop or laptop can also submit the placement through Standard Chartered Online Banking.
- Log in to Standard Chartered Online Banking.
- Choose Apply from the available banking options.
- Complete the necessary authentication steps. 🔐
- Select the preferred Time Deposit account.
- Enter the placement amount and other requested details.
- Check the promotional interest rate, tenor and application information.
- Submit the application after confirming the details. ✅
Once the application has been completed, check Account Summary for the Time Deposit placement and maturity information. Retain the confirmation advice for future reference.
More information and official terms
For a broader market comparison, consult the Singapore fixed deposit and savings account interest rate comparison guide. Besides headline rates, compare the minimum placement, tenor, banking relationship requirements and accessibility of funds.
For greater flexibility, the Standard Chartered e$aver Bonus Interest Promotion offers up to 1.80% p.a. on qualifying incremental balances without a fixed deposit lock-in, or up to 1.50% p.a. without qualifying wealth holdings. However, bonus interest depends on monthly average daily balances, Fresh Funds eligibility and other conditions. Unlike the 12-month Time Deposit, the e$aver promotional rate is not locked in for a year.
For another 12-month SGD fixed deposit option, RHB Bank’s promotion from 9 Oct 2026 offers 2.10% p.a. for Personal Banking with a S$20,000 minimum placement. At S$25,000, that represents approximately S$112.50 more interest over 12 months than Standard Chartered’s 1.65% p.a. Personal Banking rate. Unlike Standard Chartered’s offer, RHB’s cited campaign terms do not expressly specify a separate Fresh Funds requirement, although account approval and placement conditions still apply.
Standard Chartered may amend or withdraw the promotion, change eligible tenors or revise interest rates. The confirmed rate and tenor on the Time Deposit confirmation advice prevail where these differ from the bank’s website.
For funds that can remain committed for 12 months, Standard Chartered’s SGD Time Deposit provides fixed promotional interest of 1.65% to 1.90% p.a. according to banking segment. Compare alternative fixed deposits, confirm Fresh Funds eligibility and maintain sufficient accessible savings before proceeding. ✅
For the latest promotional rates, application details and eligibility requirements, visit the official Standard Chartered Singapore Dollar Time Deposit page and the Singapore Dollar Time Deposit promotion terms and conditions (PDF).
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