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Standard Chartered Updates Fresh Time Deposit Promo from 20 June 2025
Standard Chartered Bank (Singapore) Limited has revised its time deposit promotion, inviting customers to earn competitive returns on their Singapore Dollar (SGD) deposits. Effective from 20 Jun 2025, the refreshed fixed deposit campaign offers a top interest rate of 1.7% per annum over a 5-month tenor, specifically for new fresh funds meeting the minimum requirement.
Promotion Details and Eligibility
Available exclusively for deposits of S$25,000 or more in fresh funds, the promotion aims to reward customers who bring in capital not previously held with Standard Chartered. The bank defines “fresh funds” as monies that have not been deposited into any of its accounts – whether current, savings, or fixed deposit – within the last 30 calendar days. This condition is designed to attract new liquidity rather than internal fund cycling.
Eligible customers can conveniently place their deposits through Standard Chartered Online Banking or the SC Mobile app, offering seamless digital access and reducing the need for branch visits.
Tiered Interest Rates by Banking Segment
The bank is offering tier-specific interest rates, tailored to the customer’s relationship with Standard Chartered. The breakdown is as follows:
| Tenor | Minimum Placement (SGD, Fresh Funds) | Interest Rate (p.a.) |
|---|---|---|
| 5 months | S$25,000 | Personal Banking: 1.65% p.a. Priority Banking: 1.70% p.a. Priority Private: 1.70% p.a. |
These rates are guaranteed for the full deposit period, provided no premature withdrawals occur. Early redemption may result in reduced or forfeited interest, as detailed in the product’s terms and conditions.
Fresh Funds Requirement
Fresh funds refer to funds not originating from any existing account with Standard Chartered Bank (Singapore) and funds that are not withdrawn and re-deposited within the last 30 days of opening your Time Deposit.
Where to Learn More or Apply
Interested individuals can find full details and application instructions on the official campaign page here. Customers are advised to read all relevant clauses before committing funds to ensure alignment with their financial goals.
Comparison with Previous Promotions
This new offering follows a prior campaign that launched on 13 June 2025, which briefly featured a higher top rate of 1.75% p.a. (see earlier campaign). Although the latest rates have been marginally reduced, they remain attractive amid prevailing market conditions and continue to offer competitive value among short-term deposit options in Singapore.
For broader rate comparisons across multiple institutions, a comprehensive deposit rate compilation can be accessed here.
Conclusion
With this latest time deposit campaign, Standard Chartered strengthens its appeal among local savers seeking both convenience and assured returns. Prospective depositors are encouraged to act quickly, as promotional interest rates may be revised or withdrawn at the bank’s discretion, subject to market dynamics.
Terms & Conditions Reminder
All interested parties should thoroughly review the official terms and conditions prior to participation. This document outlines all pertinent provisions, including those concerning maturity, penalties for early withdrawal, and other key contractual elements.
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