DBS/POSB: Earn up to 1.1% p.a. with 11-mth fixed deposits (From 2 Oct 2020)

ON TODAYUnknown End Date
Starts2 Oct 2020 (Fri)Ends***UNKNOWN***
Location DBS/POSB
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DBS/POSB Singapore Dollar (S$) Fixed Deposit Account gives you the opportunity to maximise your savings with attractive interest, while keeping your funds secure.

Benefits

  • Affordability and Convenience: fixed deposit amount begin at S$1,000 with a deposit tenor of your choice, and you can begin a new placement via iBanking or at any of DBS/POSB branches
  • Added value: you may use your S$ Fixed Deposit as collateral for credit facilities (subject to credit approval) and may make a placement using cash.

Eligibility and Requirements

  • You are eligible for this account if you are at least 12 years old. For customers younger than 12 years, a trust minor account may be opened with a parent or legal guardian who is at least 21 years old.

Note: The maximum 1.3% p.a. only applies to 18 month deposits of up to a maximum of $49,999. Interest rates for tenors of 12 months and above are applicable only to rollover of existing placements at the same tenor. For 1.1%, it is applicable for 11-month deposits of up to $19,999.

Rates as of 2 Oct 2020

Effective Date: 02/10/2020

Period$1,000 – $9,999$10,000 – $19,999$20,000 – $49,999$50,000 – $99,999$100,000 – $249,999$250,000 – $499,999$500,000 – $999,999
1 mth0.05000.05000.05000.05000.05000.05000.0500
2 mths0.05000.05000.05000.05000.05000.05000.0500
3 mths0.15000.15000.05000.05000.05000.05000.0500
4 mths0.15000.15000.05000.05000.05000.05000.0500
5 mths0.15000.15000.05000.05000.05000.05000.0500
6 mths0.20000.20000.05000.05000.05000.05000.0500
7 mths0.40000.40000.05000.05000.05000.05000.0500
8 mths0.60000.60000.05000.05000.05000.05000.0500
9 mths0.95000.95000.05000.05000.05000.05000.0500
10 mths1.10001.10000.05000.05000.05000.05000.0500
11 mths1.10001.10000.05000.05000.05000.05000.0500
12 mths1.15001.15000.05000.05000.05000.05000.0500
18 mths1.30001.30000.05000.05000.05000.05000.0500
24 mths0.90000.90000.05000.05000.05000.05000.0500
36 mths0.85000.85000.05000.05000.05000.05000.0500
48 mths0.75000.75000.05000.05000.05000.05000.0500
60 mths0.75000.75000.05000.05000.05000.05000.0500

Interest rates are indicative. Rates apply to individual accounts only.

For more info, click here

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