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Standard Chartered Bank (Singapore) Limited latest time deposit campaign offers individual and priority customers the opportunity to earn up to 1.6% per annum for a five-month tenor on fresh Singapore Dollar (SGD) deposits of at least S$25,000.
Update 3 July: This promo is no longer available
The refreshed promotion, effective 1 July 2025, targets new funds not held in any existing account in the past 30 calendar days, aiming to attract additional liquidity to the bank’s balance sheet.
Promotion Structure and Eligibility
The tiered promotion provides personalised rates based on customer segments:
| Tenor | Minimum Placement (SGD, Fresh Funds) | Interest Rate (p.a.) |
|---|---|---|
| 5 months | S$25,000 | Personal Banking: 1.55% p.a. Priority Banking: 1.60% p.a. Priority Private: 1.60% p.a. |
The rates are fixed for the full tenor, provided there are no premature redemptions; early withdrawals will incur reduced or forfeited interest as per the terms and conditions.
Digital Access and Application
Customers can subscribe to the promotion via SC Online or the SC Mobile app, enabling seamless, branch-free placement of time deposits. Interested parties should ensure fresh funds are available in cleared Singapore Dollar balances before placement to meet eligibility requirements.
Comparative Context
This campaign succeeds a previous offer launched on 20 June 2025 that promised a top rate of 1.7% p.a. (see earlier campaign). Although the headline rate is marginally lower, the new promotion remains competitive against current market rates for short-term deposits in Singapore. A broader comparison of fixed deposit offerings across major banks can be found here.
Important Dates and Conditions
Promotional placement begins on 1 July 2025, and customers should note that fresh funds excluded include any amount deposited into any Account type – current, savings, or fixed deposits – within the 30 days preceding the deposit date.
More Information
For full details and to apply, visit the official campaign page here. Prospective depositors are advised to review all clauses within the linked terms and conditions before committing funds to ensure full understanding of the product features and associated risks.
Disclaimer
Standard Chartered Bank (Singapore) Limited reserves the right to amend, withdraw or suspend the promotion at its discretion without prior notice, subject to applicable regulatory approvals.
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