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| Starts | 2 Sep 2024 (Mon) | Ends | 23 Sep 2024 (Mon) |
|---|---|---|---|
| Location | Standard Chartered |
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Fresh Funds Time Deposit Promotion
Update 1 Oct: Standard Chartered Singapore Offers 2.6% to 2.8% p.a. for 3-Month Time Deposits till 31 Oct
Update 24 Sep: Rates have reduced. This offer is no longer valid
Standard Chartered Singapore is offering promotional interest rates on its Singapore Dollar Time Deposits. Running from 2 September 2024 to 30 September 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.
Details of the Promotional Rates as of 2 Sep 2024
The promotional interest rates are as follows, effective from 2 Sep 2024
| Tenor | Minimum Placement Amount (Fresh Funds in SGD) | Promotional Interest Rate |
|---|---|---|
| 3 months | S$25,000 | Personal Banking: 3.00% p.a. Priority Banking: 3.10% p.a. Priority Private: 3.20% p.a. |
The promotional interest rates are only applicable if the time deposit is maintained until the maturity of the specified tenure. Interested parties can view the full terms and conditions of the Standard Chartered Singapore Dollar Time Deposit September 2024 Fresh Funds Promotion here.
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as those not currently held in any Standard Chartered Bank (Singapore) Limited account and funds that have not been withdrawn and re-deposited within the 30 days prior to opening the Time Deposit.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.
This limited-time promotional offer by Standard Chartered is a significant opportunity for Singaporean savers to grow their wealth with competitive interest rates on short-term deposits. By meeting the straightforward criteria of fresh funds, account holders can take advantage of these rates and enhance their financial planning strategy. Whether accessed through the convenience of online banking or via the SC Mobile app, this promotion is designed to provide customers with an effortless and secure banking experience.
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