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Maximise Your Earnings with Enhanced Time Deposit Interest Rates
State Bank of
This latest offer has an additional 12-month tenure as compared to the previous rates introduced in Dec 2024.
Interest Rates as of 6 Feb 2025
| Currency | Tenor | Promotional Interest Rate* (p.a.) | Minimum Deposit |
|---|---|---|---|
SGD | 6-month | 2.65% | SGD 50,000 |
| SGD | 12-month | 2.50% | SGD 50,000 |
The promotional rates are available for a limited
The offer
Application Process
To benefit from these promotional interest rates, individuals can visit any of the SBI branches located across Singapore. The bank’s Relationship Managers are available to assist clients with the application process and to provide further details about the promotion. It is advised that potential investors speak with an SBI Relationship Manager to understand the full benefits and conditions of the offer.
Terms and Conditions
- This promotional offer is available for both
new deposits and the renewal of
existing
time deposits for a limited time only.
- A minimum
deposit of SGD
50,000 is required
for both individual and joint accounts to be eligible for these promotional rates.
- Customers are allowed to place
multiple deposits, but the
total should not exceed SGD
1,000,000 per individual in the respective currency.
- The
start date of the term deposit will be determined when funds are cleared by SBIS (“Start Date”). The promotional interest
rates will only apply from this Start Date, provided
that the completed Account Opening Forms are duly received and accepted for processing by SBIS.
For more information on the promotional offer and detailed application procedures, please click here to visit the official SBI Singapore promotions page.
To check out other good fixed deposit offers, click here.
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