Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of 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 but do take note banks may charge for large cash deposits

Newer promotions are added to the bottom of the list

1. 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
2. CIMB StarSaver Account 0.8% p.a. on the entire account balance (min $5,000 balance)
3. CIMB FastSaver account 1.0% p.a. on first $50,000, 0.6% thereafter (min $1,000 balance)
4. Bank of China offers up to 1.95% p.a. with latest Time Deposit promotion from 11 Jan
5. OCBC: Earn up to 1.75% p.a. with 12 mths time deposit from 4 Jan 2019
6. Maybank: Earn 2.00% p.a. with the latest SGD Time Deposit promo from 10 Jan 2019
7. Standard Chartered: Earn up to 1.90% p.a. when you deposit fresh funds into eSaver from 1 Feb – 31 Mar
8. Maybank: Enjoy 2.05% p.a. on 12-month SGD Time Deposit from 17 Jan 2019
9. ICBC: Earn up to 1.98% p.a. with SGD Fixed Deposit from 1 February 2019
10. Maybank: Earn up to 1.95% p.a. when you deposit fresh funds from 1 Mar – 30 Apr 2019 NEW
11. Singapore Savings Bond (SSB): Earn up to 2.16% p.a. in the latest bond! Apply by 26 Mar 2019 NEW & BEST
12. CIMB Bank: Earn 1.30% to 1.90% p.a. with latest SGD fixed deposit promo! Valid till 31 Mar 2019 NEW
13. RHB: Earn up to 1.88% p.a. for 6/12-mth SGD fixed deposits till 31 Mar NEW
14. UOB: Earn 1.75% p.a. for 10-mth SGD fixed deposits till 30 Mar NEW
15. UOB: Earn 1.90% p.a. for 13-mth SGD fixed deposits till 30 Mar NEW
16. State Bank of India: Earn 2.00% p.a with 12-mth time deposits from 3 Mar 2019 NEW
17. Hong Leong Finance: Earn up to 1.88% p.a. with their latest fixed deposits promotion from 3 Mar 2019 NEW

Last updated 11 Mar 2019. Click these links for latest Fixed Deposit or Time Deposit Promo

Found a good offer? Share it in the comments below!

Share this with your friends & family members on Facebook!

Get a FREE Samsonite luggage worth S$350 (with min spend of $600) and 2-years annual fee waiver when you sign up for a HSBC Revolution credit card at www.hsbc.com.sg.