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| Starts | 1 Oct 2024 (Tue) | Ends | 31 Oct 2024 (Thu) |
|---|---|---|---|
| Location | Standard Chartered |
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Fresh Funds Time Deposit Promotion
UPDATE 1 Nov: Standard Chartered Offers Up To 2.75% p.a. for 6-Month Time Deposits till 30 Nov
Standard Chartered Singapore is offering promotional interest rates on its Singapore Dollar Time Deposits. Running from 1 Oct 2024 to 31 Oct 2024, this limited-time offer provides a great opportunity for savers looking to maximise their returns.
The Fresh Funds Time Deposit Promotion requires a minimum deposit of S$25,000 in fresh funds. These funds must be newly transferred into a Standard Chartered account and cannot have been held in any Standard Chartered account or re-deposited within the last 30 days.
To qualify for this promotion, customers need to transfer fresh funds into their Standard Chartered deposit account. The placement of the time deposit can be done conveniently through Online Banking or the SC Mobile app. This streamlined process offers both security and ease of access, ensuring that customers can benefit from the promotional rates with minimal hassle.
Promotional Rates as of 1 Oct 2024
The promotional interest rates are as follows, effective from 1 Oct 2024
| Tenor | Minimum Placement Amount (Fresh Funds in SGD) | Promotional Interest Rate |
|---|---|---|
| 3 months | S$25,000 | Personal Banking: 2.60% p.a. Priority Banking: 2.70% p.a. Priority Private: 2.80% p.a. |
The promotional1 interest rates are only applicable if the Time Deposit is held until the maturity of the tenure. Standard Chartered Singapore Dollar Time Deposit October 2024 Fresh Funds Promotion Terms and Conditions apply.
What Qualifies as Fresh Funds?
Fresh funds are defined as those not currently held in any Standard Chartered Bank (Singapore) Limited account and funds that have not been withdrawn and re-deposited within the 30 days prior to opening the Time Deposit. This requirement ensures that the promotional offer is extended to new funds flowing into the bank, rather than existing account balances.
Both prospective customers and existing account holders interested in this promotion are encouraged to learn more about the application process here.
For those who are considering broader financial strategies and looking for competitive deposit options, a comprehensive comparison of fixed deposit rates in Singapore can be found here. This resource provides an overview of the best fixed deposit options currently available across different banks in Singapore, allowing consumers to make informed decisions about their savings and investment choices.
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