Due to COVID-19, some offers may no longer be valid or temporarily suspended. Please verify the validity (even if it says ONGOING below) before heading down
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
NOTE (JUNE 2020): Due to the COVID-19 situation, banks may abruptly end their promotions early. Please visit the bank’s website to verify the latest rates
- 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
- Note: CIMB account rates are being revised from 15 July. More info here
- Standard Chartered: Earn up to 0.70% p.a. when you deposit fresh funds into eSaver till 31 July 2020
- Singapore Savings Bond (SSB): Earn up to 0.93% p.a. in the latest bond – Apply by 27 July 2020
- Maybank: Earn up to 1.15% p.a. with the latest SGD Time Deposit promo from 1 July 2020
- UOB: Earn up to 0.90% p.a. with the latest SGD fixed deposit offers till 30 July 2020
- DBS/POSB: Earn up to 1.30% p.a. with 18-mth fixed deposits (From 3 July 2020)
- OCBC: Earn up to 0.80% p.a. with 12 mths time deposit from 1 July 2020
- HSBC offers 1.40% p.a. for 24-mth Singapore Dollar Time Deposits (as of 4 July 2020)
Last updated 4 July 2020. Click these links for latest Fixed Deposit or Time Deposit Promo
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Due to COVID-19, some offers may no longer be valid or temporarily suspended. Please verify the validity (even if it says ONGOING below) before heading down
CIMB Bank has a new online fixed deposit promotion with interest of up to 1.80% p.a.
Any promotion from Bank of China? Their website is never updated since 2 yrs ago.