 We are now on Telegram. Click to join |
Fresh Funds Time Deposit Promotion
Standard Chartered Singapore has updated its time-limited promotion offering competitive interest rates on its Singapore Dollar Time Deposits, giving savers the opportunity to enhance their returns. This offer, which started on 9 May 2025, is designed to cater to both new and existing customers who are looking to grow their savings.
To participate in the Fresh Funds Time Deposit Promotion, customers are required to deposit a minimum of S$25,000 in fresh funds. These funds must be newly transferred into a Standard Chartered account and should not have been held in any Standard Chartered account or re-deposited within the past 30 days. This condition ensures that the promotion is available only to those who are introducing new capital into the bank.
Customers can easily transfer the fresh funds into their deposit account via Online Banking or the SC Mobile app. This convenient and secure process allows savers to take advantage of the promotional rates without unnecessary complications, making it simpler for them to maximise their returns during the promotional period.
It is important to note that the promotional rates offered are slightly lower than the previous rates, but still remain attractive compared to many other fixed deposit offers available in the market.
Rates as of 9 May 2025
The promotional interest rates for the Fresh Funds Time Deposit promotion are as follows:
| Tenor | Minimum Placement Amount (Fresh Funds in SGD) | Promotional Interest Rate |
|---|---|---|
| 5 months | S$25,000 | Personal Banking: 1.95% p.a. Priority Banking: 2.00% p.a. Priority Private: 2.05% p.a. |
These promotional interest rates are only valid if the Time Deposit is maintained until its maturity at the end of the 5-month period. For detailed terms and conditions, customers can review the Standard Chartered Singapore Dollar Time Deposit May 2025 Fresh Funds Promotion Terms and Conditions.
To qualify, fresh funds must not originate from any existing account with Standard Chartered Bank (Singapore) Limited, nor should they have been withdrawn and re-deposited within the last 30 days of opening the Time Deposit. This ensures that only genuinely new deposits are eligible for the promotion.
What Qualifies as Fresh Funds?
For the purposes of this promotion, fresh funds are defined as funds that are not already held in any Standard Chartered Bank account and have not been withdrawn and redeposited within the last 30 days prior to opening the Time Deposit. This stipulation ensures that the offer applies exclusively to new money flowing into the bank, rather than funds already held in the bank’s accounts.
Prospective customers, as well as existing account holders, who wish to benefit from this promotion are invited to learn more about the application process by visiting here.
For those seeking broader financial strategies, a comprehensive comparison of fixed deposit rates in Singapore can be found here. This resource provides an in-depth look at the best fixed deposit rates across various banks, empowering customers to make informed decisions about their savings and investments.
Leave a Reply