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| Starts | 1 May 2024 (Wed) | Ends | 31 May 2024 (Fri) |
|---|---|---|---|
| Location | Standard Chartered |
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Standard Chartered Bank (Singapore) Limited is offering an attractive opportunity for savers to grow their funds with its Singapore Dollar Time Deposit promotion, available from the 1st to the 31st of May, 2024.
UPDATE 1 June: Standard Chartered SG Offers 2.90% p.a. 6-mth Time Deposit Rates for June 2024
Savers can take advantage of a promotional interest rate by depositing a minimum of S$25,000 in fresh funds.
Notably, the promotional rates offered this month remain consistent with the previous month’s rates (April 2024), providing a steady opportunity for clients to maximise their savings
Customers are invited to transfer their fresh funds into a Standard Chartered deposit account and place their time deposits through Standard Chartered Online Banking. Priority Private clients are encouraged to reach out to their Relationship Managers to secure their SGD Time Deposit at exclusive preferential rates.
The promotion features a tiered interest rate system, rewarding Priority Banking and Priority Private Banking clients with higher rates. The following table outlines the promotional and preferential rates:
| TENURE | Promotional Rate | Priority Banking Preferential Rate | Priority Private Banking Preferential Rate |
|---|---|---|---|
| 6 months | 3.00% p.a. | 3.10% p.a. | 3.20% p.a. |
To qualify for these promotional rates, the Time Deposit must be maintained until the end of its tenure. Terms and conditions of the Standard Chartered Singapore Dollar Time Deposit May 2024 Fresh Funds Promotion can be found here.
‘Fresh funds’ are defined as monies not previously held in any account with Standard Chartered Bank (Singapore) Limited and not withdrawn and redeposited within the last 30 days. For more details or to apply, interested individuals can click here.
Looking for more options in fixed deposits? Explore some of the most competitive deposit rates in Singapore here.
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