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Maximise Your Earnings with Enhanced Time Deposit Interest Rates
State Bank of
This latest offer has increased rates as compared to the previous rates seen in early Feb 2025.
Interest Rates as of 20 Feb 2025
| Currency | Tenor | Promotional Interest Rate* (p.a.) | Minimum Deposit |
|---|---|---|---|
SGD | 6-month | 2.85% | SGD 50,000 |
| SGD | 12-month | 2.75% | SGD 50,000 |
The promotional rates are
The
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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