 We are now on Telegram. Click to join |
Standard Chartered Bank (Singapore) Limited is rolling out a revised Singapore Dollar Time Deposit promotion that lets eligible customers lock in attractive short-term returns while keeping risk low.
Update 1 Dec: Standard Chartered Latest FD promo rates offers up to 1.25% p.a. 6-Month tenor from 1 Dec
From 20 November 2025, customers can earn up to 1.10% per annum on fresh funds placed into this promotional time deposit. The offer provides a fixed return in Singapore Dollars over a short six-month period, giving customers clarity on how much interest they can expect to receive at maturity.
To qualify, customers must place a minimum of S$25,000 in fresh funds. These funds must be newly transferred into a Standard Chartered account and must not come from any existing account within the Bank, nor be withdrawn and re-deposited within the last 30 days. This ensures the promotion rewards genuinely new deposits.
Once the fresh funds are in the account, customers can place their time deposit conveniently through Standard Chartered Online Banking or the SC Mobile app, without needing to visit a branch. The fully digital process makes it easy for busy individuals in Singapore to secure the promotional rate in just a few taps.
Promotional Interest Rates
The promotion features a single six-month tenor with tiered promotional rates depending on the customer segment, as shown below.
| Tenor | Minimum Placement (SGD, Fresh Funds) | Interest Rate (p.a.) |
|---|---|---|
| 6 months | S$25,000 | Personal Banking: 1.05% p.a. Priority Banking: 1.10% p.a. Priority Private: 1.10% p.a. |
These competitive fixed rates are locked in for the entire six-month tenor once the time deposit is successfully placed. However, customers should note that early withdrawals may lead to reduced or even forfeited interest, in accordance with the Bank’s policies set out in the terms and conditions.
It is important for customers to allow the deposit to remain until maturity if they wish to receive the full promotional rate. The Standard Chartered Singapore Dollar Time Deposit November 2025 Fresh Funds Promotion Terms and Conditions apply in full, and customers should review them carefully before committing their funds.
Who Can Benefit?
This promotion may be suitable for a wide range of customers in Singapore, including:
- Personal Banking customers who want a simple, low-risk way to earn more on their cash holdings versus a standard savings account.
- Priority Banking clients who wish to optimise idle cash balances while keeping their funds in a familiar bank.
- Priority Private clients seeking a stable component within a broader portfolio, using time deposits as a cash management or parking tool.
With market interest rates showing signs of fluctuation, a fixed deposit can provide reassurance to conservative savers and investors who value certainty of returns over the short term.
Key Things to Note Before Placing the Deposit
- Fresh funds requirement: Only fresh funds qualify, meaning customers should transfer in new money that has not been sitting in any existing Standard Chartered account and has not been withdrawn and re-deposited within the last 30 days.
- Single tenor: The promotion is specifically for a six-month tenor, ideal for those who do not want to lock their money away for too long.
- Segment-based rates: The rate earned depends on whether the customer is classified as Personal Banking, Priority Banking or Priority Private, based on their overall banking relationship.
- Early withdrawal risk: Ending the time deposit before maturity can result in lower or no interest being paid, as set out in the official terms.
- Reinvestment decision: At maturity, customers can decide whether to roll over their funds into another time deposit, move the funds into other savings or investment products, or withdraw the money for spending needs.
How to Apply
- Ensure your funds qualify as fresh funds under the promotion criteria.
- Transfer the fresh funds into your Standard Chartered bank account.
- Log in to Standard Chartered Online Banking or the SC Mobile app.
- Select the Time Deposit placement option, choose the six-month SGD time deposit promotion, and follow the on-screen steps to confirm your placement.
For full details and to start the application journey, customers can visit the official campaign page here. It is strongly recommended to read the terms and conditions in detail so that customers fully understand the eligibility criteria, how interest is computed, and the consequences of early withdrawal.
For customers in Singapore with at least S$25,000 in fresh SGD funds and a preference for predictable short-term returns, this six-month Singapore Dollar Time Deposit promotion from Standard Chartered Bank (Singapore) Limited could be a useful option. By offering rates of up to 1.10% p.a. for eligible Priority Banking and Priority Private clients, alongside competitive returns for Personal Banking customers, the promotion provides a straightforward way to make idle cash work a little harder while keeping risk relatively low. As with any financial decision, customers should consider their liquidity needs, overall goals and risk appetite, and review the official terms before proceeding.
Those who are comparing across different banks in Singapore can also refer to this handy Singapore deposit rate comparison guide for an overview of the latest fixed deposit and savings promotions available islandwide.
Standard Chartered Bank (Singapore) Limited reserves the right to amend, suspend or withdraw the promotion at its discretion, subject to regulatory approvals.
Leave a Reply