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SingFinance has updated its Singapore Dollar fixed deposit promotional rates, with selected fresh-funds placements now offering up to 1.50% p.a.
The latest refresh gives savers a simple way to park spare cash in a fixed deposit for short to medium tenors. The headline promotional rate is now 1.50% p.a., and the flash special minimum placement is S$10,000, down from the S$100,000 minimum shown in the earlier linked round.
Compared with the previous SingFinance SGD fixed deposit promotion, the flash special rate is higher at 1.50% p.a. and the minimum placement is lower at S$10,000. The trade-off is that the current flash special table shows only the 1-month, 3-month, 6-month and 12-month tenors, while the earlier linked round covered a wider 1-to-24-month flash special. Rates are quoted on a per annum basis, while interest is calculated daily using a 365-day year. Interest is credited and payable only at maturity, at the contracted rate, so this is more suitable for funds that can be set aside without early access 🔒.
Mother’s Day flash special rate ⚡
The flash special rate applies to fresh funds, with a minimum placement of S$10,000. The 1.50% p.a. promotional rate is shown for the listed 1-month, 3-month, 6-month and 12-month tenors, making it straightforward for savers comparing short to one-year placements.
| Tenor | Month(s) | |||
|---|---|---|---|---|
| 1 | 3 | 6 | 12 | |
| Rate | 1.50% p.a. | |||
* Rates are subject to change without prior notice. Applicable to fresh funds only. Terms and conditions apply.
Online placement rates 📱
Online fixed deposit placement starts from S$1,000, giving smaller cash balances a more accessible entry point. The S$10,000 tier offers slightly higher rates for selected tenors, including 1 month, 3 months and 18 months.
For savers who prefer not to lock in funds for too long, the 3-month to 12-month tenors may offer a practical balance between flexibility and yield. For a longer cash parking period, the 18-month and 24-month tenors show the highest online fresh funds rates in the table below 📌.
| Tenor | Minimum Deposit Amount | |
|---|---|---|
| S$1,000 | S$10,000 | |
| 1 month | 1.00% p.a. | 1.05% p.a. |
| 3 months | 1.25% p.a. | 1.30% p.a. |
| 6 months | 1.28% p.a. | 1.30% p.a. |
| 12 months | 1.30% p.a. | 1.30% p.a. |
| 18 months | 1.33% p.a. | 1.35% p.a. |
| 24 months | 1.35% p.a. | 1.35% p.a. |
Over-the-counter placement rates 🏦
For savers who prefer branch assistance, SingFinance also lists over-the-counter placement rates with a minimum deposit amount of S$10,000. These rates are lower than the 1.50% p.a. Mother’s Day FD Promotion and broadly match the S$1,000 online tier.
| Tenor | Minimum Deposit Amount S$10,000 |
|---|---|
| 1 month | 1.00% p.a. |
| 3 months | 1.25% p.a. |
| 6 months | 1.28% p.a. |
| 12 months | 1.30% p.a. |
| 18 months | 1.33% p.a. |
| 24 months | 1.35% p.a. |
What to note before placing funds ⚠️
- Fresh funds only: Promotional rates apply to personal accounts and fresh funds. Check how SingFinance defines fresh funds before making a transfer.
- Rate changes: Promotional fixed deposit rates may be revised or withdrawn without prior notice.
- Early withdrawal: Fixed deposit withdrawals are generally made only on the maturity date. If SingFinance allows an early withdrawal, it may involve no interest, recovery of interest already paid, replacement funding costs, early withdrawal fees or other charges.
- Interest payout: Interest is credited only on the maturity date, at the contracted rate.
- Deposit insurance: Eligible Singapore Dollar deposits of non-bank depositors are insured up to S$100,000 in aggregate per depositor per Scheme member under the Deposit Insurance Scheme administered by SDIC 🛡️.
How to place a SingFinance fixed deposit ✅
Online placement can be started through the SingFinance Fixed Deposit (FD) page. Online FD placements must be funded through a GoSavers Account. The GoSavers Account can be opened online using the SIF Mobile app with Myinfo, after which funds can be transferred in via FAST from participating banks 📲.
For over-the-counter placement or in-person help, SingFinance branches are located at Robinson, Ang Mo Kio, Bedok and Jurong. Check the SingFinance branch locations page before heading down.
Before confirming any placement, review the fixed deposit and savings terms and conditions for details on maturity instructions, renewals, account requirements and early withdrawal treatment.
For a wider comparison, check other Singapore fixed deposit and savings promotions to see how the rate, tenor and minimum placement amount stack up against current alternatives.
Bottom line: SingFinance’s latest SGD fixed deposit promotion is useful for savers who want a simple cash parking option with a relatively low flash special entry amount. The 1.50% p.a. flash special stands out against the online fresh funds rates, especially for fresh funds that do not need to be accessed before maturity 💹.
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