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
- 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
- CIMB StarSaver Account 0.8% p.a. on the entire account balance (min $5,000 balance)
- CIMB FastSaver account 1.0% p.a. on first $50,000, 0.6% thereafter (min $1,000 balance)
- RHB: Earn 1.48% p.a. for 12-mth SGD fixed deposits from 13 Apr – 13 Jul
- Maybank: Earn up to 1.40% p.a. with the latest SGD Time Deposit promo! From 5 Apr
- Bank of China: Earn up to 1.42% p.a. with 12-mth time deposits! From 8 Feb 2018
- HL Bank: Earn 1.70% to 1.75% p.a. on Singapore Dollar fixed deposits! From 5 Mar – 31 May 2018
- Maybank: Enjoy up to 1.65% p.a. on 12-month SGD Time Deposit from 27 Mar 2018
- Standard Chartered: Earn up to 1.25% p.a. when you deposit fresh funds into eSaver! From 1 Apr – 31 May
- Maybank: Earn up to 1.30% p.a. when you deposit fresh funds from 1 Apr – 30 Jun
- ICBC Bank: Earn 1.46% to 1.50% p.a. for 12-mth fixed deposits from 9 Apr 2018
- RHB: Earn 1.48% p.a. for 12-mth SGD fixed deposits from 13 Apr – 13 Jul 2018
- UOB: Earn 1.35% p.a. for 10-mth SGD fixed deposits! Valid from 2 – 31 May NEW
- Singapore Savings Bond (SSB): Earn up to 2.43% p.a. in the latest bond! Apply by 25 May 2018 NEW!!
- Standard Chartered: Earn up to 1.25% p.a. with 7-to-12-mth time deposits! Valid from 3 – 31 May NEW
- Hong Leong Finance: Earn 1.10% to 1.48% p.a. with 6/12/18 month fixed deposits! From 3 May NEW
- Sing Investments & Finance: Earn up to 1.50% p.a. fixed deposits promo! From 6 May 2018 NEW
- Maybank: Earn 1.40% p.a. with the latest SGD Time Deposit promo! From 11 May 2018 NEW
- State Bank of India: Earn 1.40% p.a. – 1.75% p.a. with 6/12/24-mth time deposits! From 24 May 2018 NEW
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