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ICBC Singapore New Competitive Fixed Deposit Rates Up to 3.35% p.a.
UPDATE 12 Aug: ICBC Singapore Latest Fixed Deposit Rates Offers Up to 3.30% p.a. from 12 Aug 2024
ICBC Singapore has introduced a new fixed deposit promotion offering attractive interest rates of up to 3.35% p.a.
Starting from 19 July 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 the 3-month, 9-month, and 12-month tenures, as seen in the previous promotion. All other rates remain unchanged.
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.
Promotional Rates as of 19 July 2024
| SGD | Promotion Rates | |
|---|---|---|
| Over the Counter | Via E-Banking | |
| Tenure | SGD20,000 & Above | SGD500 & Above |
| 1 month | 2.85% | 2.90% |
| 3 months | 3.30% | 3.35% |
| 6 months | 3.10% | 3.15% |
| 9 months | 2.95% | 3.00% |
| 1 year | 2.95% | 3.00% |
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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