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ICBC Singapore New Competitive Fixed Deposit Rates Up to 3.30% p.a.
UPDATE: ICBC Singapore New Fixed Deposit Rates Offers Up to 3.25% p.a. from 19 Aug 2024
ICBC Singapore has introduced a new fixed deposit promotion offering attractive interest rates of up to 3.30% p.a.
Starting from 12 Aug 2024, customers can take advantage of these competitive rates by depositing a minimum of S$20,000 over the counter or S$500 via E-banking. This makes the promotion accessible to a wide range of individuals seeking secure and profitable investment opportunities.
The promotional rates will be available until further notice, providing both flexibility and assurance to depositors. This latest offer comes in the wake of a slight decrease from the previous promotion’s rates by 0.05% for most tenures, as seen in the previous promotion.
One of the key benefits of this promotion is that there is no penalty for premature withdrawal of the fixed deposit. Customers will still receive interest based on the prevailing current account interest rate, ensuring they do not lose out entirely.
To qualify for the promotion, deposits must consist of fresh funds, defined as funds not originating from any existing accounts with ICBC Singapore. For instance, any transfer of funds between ICBC accounts would not be eligible.
Rates as of 12 Aug 2024
| SGD | Promotion Rates | |
|---|---|---|
| Over the Counter | Via E-Banking | |
| Tenure | S$20,000 & Above | S$500 & Above |
| 1 month | 2.85% | 2.90% |
| 3 months | 3.25% | 3.30% |
| 6 months | 3.05% | 3.10% |
| 9 months | 2.90% | 2.95% |
| 1 year | 2.90% | 2.95% |
For more information on the fixed deposit promotion and to make an informed decision, interested individuals can click here.
Additionally, comparisons with other banks’ deposit rates can be found here.
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