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| Starts | 1 Jun 2024 (Sat) | Ends | 30 Jun 2024 (Sun) |
|---|---|---|---|
| Location | Standard Chartered |
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In a recent update, Standard Chartered Bank (Singapore) Limited is offering a promotional interest rate of 2.90% per annum for 6-month Singapore Dollar Time Deposits starting from 01 June 2024.
UPDATE: Standard Chartered SG Offers 2.90% p.a. 6-Month Time Deposit Rates for July 2024
This offer is available until the end of the month and requires a minimum placement of S$25,000 in fresh funds.
Customers looking to capitalise on this opportunity can transfer the necessary funds to their Standard Chartered deposit account and proceed to place their time deposit via the bank’s online banking platform.
Priority Private clients are advised to get in touch with their Relationship Managers to facilitate the placement of their SGD Time Deposits at even more favourable rates.
Compared to May 2024, the rates for June have seen a slight decrease of 0.1%, indicating a minor adjustment from the previous month’s offering. The detailed rates for various client categories are as follows:
| Tenure | Promotional Rate | Priority Banking Preferential Rate | Priority Private Banking Preferential Rate |
|---|---|---|---|
| 6 months | 2.90% p.a. | 3.00% p.a. | 3.10% p.a. |
The term ‘fresh funds’ refers to money that does not originate from any existing accounts within Standard Chartered Bank (Singapore) and has not been withdrawn and redeposited within the last 30 days prior to the opening of the Time Deposit.
It is important to note that the promotional rates are contingent upon the Time Deposit being held to maturity. Full terms and conditions of the Standard Chartered Singapore Dollar Time Deposit June 2024 Fresh Funds Promotion can be found here.
For individuals interested in taking advantage of this offer, further details and the application process can be accessed here.
Those seeking additional fixed deposit options can explore some of Singapore’s most competitive rates here.
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