DBS/POSB: Earn up to 1.30% p.a. with 18-mth fixed deposits (From 3 July 2020)

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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 1.30% 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.

Rates as of 3 July 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 mths0.15000.15000.15000.05000.05000.05000.0500
4 mths0.15000.15000.15000.05000.05000.05000.0500
5 mths0.15000.15000.15000.05000.05000.05000.0500
6 mths0.20000.20000.20000.10000.10000.10000.1000
7 mths0.40000.40000.40000.10000.10000.10000.1000
8 mths0.60000.60000.60000.10000.10000.10000.1000
9 mths0.95000.95000.95000.10000.10000.10000.1000
10 mths1.10001.10001.10000.10000.10000.10000.1000
11 mths1.10001.10001.10000.10000.10000.10000.1000
12 mths1.15001.15001.15000.15000.15000.15000.1500
18 mths1.30001.30001.30000.15000.15000.15000.1500
24 mths0.90000.90000.90000.15000.15000.15000.1500
36 mths0.85000.85000.85000.15000.15000.15000.1500
48 mths0.75000.75000.75000.15000.15000.15000.1500
60 mths0.75000.75000.75000.15000.15000.15000.1500

For more info, click here

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