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)
- Maybank: Earn up to 1.55% p.a. when you deposit fresh funds from 1 Jul – 31 Dec
- Standard Chartered: Earn up to 1.80% p.a. when you deposit fresh funds into eSaver! From 1 Oct – 30 Nov
- CIMB Bank: Earn 1.50% to 1.90% p.a. with latest SGD fixed deposit promo! Valid till 30 Nov NEW
- Singapore Savings Bond (SSB): Earn up to 2.57% p.a. in the latest bond! Apply by 27 Nov NEW (BEST!)
- Maybank: Enjoy 1.88% p.a. on 12-month SGD Time Deposit from 19 Oct NEW
- OCBC: Earn up to 1.75% p.a. with 12/24 mths time deposit from 4 Nov 2018 NEW
- UOB: Earn 1.58% p.a. for 10-mth SGD fixed deposits! Ends 30 Nov 2018 NEW
- Standard Chartered: Earn up to 1.60% p.a. with 7-to-12-mth time deposits! Valid till 15 Nov 2018 NEW
- RHB: Earn up to 1.80% p.a. for 6/12-mth SGD fixed deposits till 30 Nov 2018 NEW
- Maybank: Earn 1.65% p.a. with the latest SGD Time Deposit promo! From 19 Oct 2018 NEW
- State Bank of India: Earn 1.60% p.a with 12-mth time deposits from 26 Oct – 31 Dec 2018 NEW
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Get $120 cashback when you apply for a Citibank card at www.citibank.com.sg!