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. Maybank: Enjoy 1.88% p.a. on 12-month SGD Time Deposit from 19 Oct
5. Maybank: Earn 1.65% p.a. with the latest SGD Time Deposit promo! From 19 Oct 2018
6. Standard Chartered: Earn up to 1.90% p.a. when you deposit fresh funds into eSaver from 1 Dec 2018 – 31 Jan 2019
7. ICBC: Earn up to 1.95% p.a. with SGD Fixed Deposit from 10 December 2018
8. Hong Leong Finance: Earn up to 1.95% p.a. with their latest fixed deposits promotion from 19 Dec 2018
9. RHB: Earn up to 1.88% p.a. for 6/12-mth SGD fixed deposits till 28 Feb 2019 NEW
10. Singapore Savings Bond (SSB): Earn up to 2.20% p.a. in the latest bond! Apply by 28 Jan NEW
11. UOB: Earn 1.65% p.a. for 10-mth SGD fixed deposits till 31 Jan NEW
12. Standard Chartered: Earn 1.78% to 1.88% p.a. with 8-mth time deposits valid till 31 Jan NEW
13. Maybank: Earn up to 2.00% p.a. when you deposit fresh funds from 1 Jan – 28 Feb NEW
14. State Bank of India: Earn 1.95% p.a with 12-mth time deposits from 19 Dec 2018 – 31 Jan 2019 EXTENDED
15. CIMB Bank: Earn 1.30% to 1.90% p.a. with latest SGD fixed deposit promo! Valid till 31 Jan 2019 EXTENDED
16. OCBC: Earn up to 1.75% p.a. with 12 mths time deposit from 4 Jan 2019 NEW
17. UOB: Earn up to 1.60% p.a. with latest Fresh Funds deposit promo valid till 28 Feb 2019 NEW
18. Bank of China offers up to 1.95% p.a. with latest Time Deposit promotion from 11 Jan NEW
19. Maybank: Earn 2.00% p.a. with the latest SGD Time Deposit promo from 10 Jan 2019 NEW

Last updated 14 Jan 2019. Click these links for latest Fixed Deposit or Time Deposit Promo

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