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ICBC Singapore Fixed Deposit Rates from September 2024
Update 9 Sep: ICBC Singapore Latest Fixed Deposit Rates Offers Up to 3.05% p.a. from 9 September 2024
ICBC Singapore has rolled out its latest fixed deposit promotion, providing interest rates of up to 3.25% per annum (p.a.) effective from 2 September 2024. This offer is designed to cater to a wide range of customers, offering opportunities for both large and small depositors to earn substantial returns on their savings.
Customers looking to benefit from these attractive rates can do so with a minimum deposit of S$20,000 when transacting over the counter. For those who prefer the convenience of digital banking, the entry threshold is much lower, with deposits starting from just S$500 via E-banking. This flexibility makes the promotion accessible to a broader spectrum of investors, from seasoned depositors to those looking to begin their savings journey.
One of the key features of ICBC’s fixed deposit promotion is its accommodating approach to premature withdrawals. Should customers need to access their funds before the deposit matures, they will still earn interest, albeit at the prevailing current account interest rate. This policy ensures that depositors do not entirely lose out on interest, offering them a sense of financial security in unpredictable times.
It’s important to highlight that ICBC Singapore’s latest rates reflect a strategic adjustment in response to market conditions. The new promotion offers lower interest rates for deposits under S$200,000 compared to their previous promotion in August 2024.
Rates as of 2 September 2024
The following tables provide a detailed breakdown of the promotional fixed deposit rates available:
Over-the-counter SGD Fixed Deposit Rates
Minimum deposit: SGD20,000
| Tenure | Interest Rate (SGD20K & Above) |
|---|---|
| 1 month | 2.85% |
| 3 months | 3.10% |
| 6 months | 2.95% |
| 9 months | 2.75% |
| 1 year | 2.65% |
E-Banking SGD Fixed Deposit Rates
Minimum deposit: S$500
| Tenure | Below SGD200K (exclusive) | SGD200K (inclusive) & Above |
|---|---|---|
| 1 month | 2.90% | 2.90% |
| 3 months | 3.15% | 3.25% |
| 6 months | 3.00% | 3.10% |
| 9 months | 2.80% | 2.90% |
| 1 year | 2.70% | 2.80% |
Prospective depositors are advised to carefully review these rates in the context of their overall financial strategies. ICBC Singapore’s promotional offer is not only attractive in terms of potential returns but also provides flexibility and security for depositors, making it a compelling choice for individuals seeking to enhance their savings. For more information and to initiate a fixed deposit, customers can click here to visit the official ICBC Singapore website.
To compare these rates with other banks and financial institutions, and to explore the best fixed deposit options available, visit the comprehensive comparison page.
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