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Standard Chartered Bank (Singapore) Limited-Time Deposit Rates for Fresh Funds
From 2 June 2025, Standard Chartered Bank (Singapore) Limited has announced an revision to its Singapore Dollar (SGD) Time Deposit promotion, offering customers a chance to earn interest rates of up to 1.9% per annum on a 5-month tenor. This new promotion targets individuals seeking stable short-term savings options with assured returns.
Minimum Fresh Fund Requirement
To qualify for the promotional rates, individuals must deposit a minimum of S$25,000 in fresh funds into their Standard Chartered account. Fresh funds are strictly defined as money that has not been held with the bank in any form during the past 30 days. This rule prevents existing clients from rotating existing funds and ensures genuine inflows into the banking system.
Deposits can be made effortlessly through Standard Chartered’s Online Banking platform or the SC Mobile app. This user-friendly experience facilitates easy participation in the promotion and encourages digital banking adoption among both existing and new clients.
Promotional Interest Rate Structure
The revised interest rates are designed to reward different customer tiers, with preferential treatment for higher-tier clients. The applicable rates for a 5-month tenure are listed below:
| Tenor | Minimum Placement Amount (Fresh Funds in SGD) | Promotional Interest Rate |
|---|---|---|
| 5 months | S$25,000 | Personal Banking: 1.80% p.a. Priority Banking: 1.85% p.a. Priority Private: 1.90% p.a. |
The interest rates are locked in for the 5-month term, provided the funds remain in the deposit until maturity. Early withdrawals may affect the applicable interest or result in no interest being paid, depending on the terms.
Strict Definition of Fresh Funds
Standard Chartered reiterates that only fresh funds, i.e. those not deposited, withdrawn, or transacted in the bank’s ecosystem within the past month, will qualify. This policy safeguards the promotional integrity and ensures that customers do not exploit the system by redepositing old funds.
More information and eligibility criteria can be reviewed on the official Standard Chartered Time Deposit page here. Customers are encouraged to act promptly as this campaign is time-limited and subject to the bank’s discretion.
Important Documentation
Before committing, customers are strongly advised to read the full set of terms and conditions to understand all relevant obligations, rights, and possible restrictions.
Comparison to Previous Promotions
While this campaign offers a slightly lower maximum rate than the previous week’s offering of 1.95% p.a. (see earlier campaign), it remains one of the more competitive fixed deposit promotions in Singapore’s banking landscape as of June 2025.
To benchmark this offer against other banks’ fixed deposit options, readers can consult the updated comparison guide available here. This is particularly beneficial for investors balancing between liquidity, returns, and duration in their financial planning.
As with all financial products, customers should consider their cash flow needs and investment goals before locking funds in fixed deposit instruments. Early withdrawals may lead to forfeiture of interest or penalty charges.
Final Notes
Standard Chartered’s latest promotion underscores the bank’s commitment to providing value through structured deposit products, especially in a fluctuating interest rate environment. With ease of access via mobile and online platforms, this offer is poised to attract both cautious savers and seasoned investors seeking short-term stability.
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