• Fixed Deposit Rates Promotion

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    Fixed deposits are one of the safest investment options, offering assured returns without adding much risk to your portfolio. Based on your financial objectives, you can place your funds in these deposits for a predetermined tenure to earn guaranteed returns. Longer the tenure, higher the interest you earn.

    There are conventional fixed deposits that are denominated in Singapore dollars. And then there are foreign currency deposits that let you make deposits in a currency of your choice to earn better returns. Some banks even allow you to use your term deposit as collateral for a credit facility.

    Having difficulty choosing the right fixed deposit account? Keep reading to know the rates and promotions offered on various fixed deposits and find out the one that offers you the highest returns.

    Best Singapore Fixed Deposit Rates Promotions 2018 Updates

    Take a look at the table below to find out about promotional offers being offered by various banks in Singapore:

    Bank name Fixed deposit type Promotional interest rate Minimum placement amount More Infomation
    Maybank SGD Time Deposit Up to 1.65%  p.a. S$50,000 Explore Here
    Maybank Foreign Currency Time Deposit Up to 2.10% p.a.

    (choose from AUD and NZD)

    10,000

    (Units of the Foreign Currency)

    Explore Here
    Maybank iSAVvy SGD Time Deposit Up to 1.30% p.a. S$50,000 Explore Here
    Citibank SGD Time Deposit Up to 2.50% p.a. S$50,000 Explore Here
    OCBC SGD Time Deposit Up to 1.40% p.a. S$20,000 Explore Here
    OCBC Foreign Currency Time Deposit Up to 2.10% p.a. 5,000 units of the foreign currency Explore Here
    SIF SGD Time Deposit Up to 1.50% p.a. S$50,000 or S$20,000,

    (Depending on the tenure you choose)

    Explore Here
    HLF SGD Time Deposit Up to 1.45% p.a. S$30,000 Explore Here
    ICBC SGD Time Deposit Up to 1.30% p.a. S$20,000 Explore Here
    ICBC RMB Time Deposit Up to 3% p.a. RMB10,000 Explore Here
    ICBC USD Time Deposit Up to 1.55% p.a. USD500 Explore Here

    SGD Fixed Deposit Rates Promotions Singapore

    Maybank SGD Time Deposit

    • Earn up to 1.65% p.a. on 12-month SGD deposit.
    • To enjoy this promotion, you must place fresh funds into your Maybank savings or current account first.
    • For every S$1,000 deposited in current/savings account, you can place S$10,000 in your SGD time deposit.
    • The minimum placement amount is S$50,000. This also means that you must deposit at least S$5,000 in your Maybank current/savings account.
    • The promotion ends at the discretion of the bank.

    Maybank iSAVvy Time Deposit

    • Earn up to 1.30% p.a. on your 12-month deposit when you place the funds online through your Maybank savings/current account.
    • Placing an amount in the range of S$50,000 to S$249,000 will get you 1.20% p.a. If you place S$250,000 or more, you will earn 1.30% p.a.
    • An upfront interest of 0.25% p.a. will be credited to your savings/current account when you place the funds successfully. The remaining interest will be credited to your account on maturity.
    • The promotion ends at the discretion of the bank.

    Citibank SGD Time Deposit

    • Earn up to 2.50% p.a. on 3-month SGD time deposits when you invest in bonds, unit trusts, or structured notes with Citibank.
    • You get two options to choose from: (1) Invest at least S$25,000 in Citibank distributed unit trusts, bonds, or structured notes (with minimum net sales charge of 1%) and earn 2.50% p.a. on your deposit. (2) Put at least S$25,000 in Unit Trust transfer-in and earn 1.6% p.a. on your deposit.
    • The minimum placement required for both the options is S$50,000.
    • The maximum placement amount should be lower of two times the investment amount/unit trust amount or S$5 million.
    • The promotion expires on 31 May 2018.

    OCBC SGD Time Deposit

    • Earn 1.40% p.a. on 24-month SGD time deposit.
    • Earn 1.20% p.a. on 12-month SGD time deposit.
    • To enjoy the promotional rates, you must place at least S$20,000 in fresh funds. The maximum placement amount allowed is S$999,999.
    • The promotion ends at bank’s discretion.

    SIF SGD Time Deposit

    • Earn 1.50% p.a. when you place at least S$20,000 for 24 months.
    • Earn 1.40% p.a. when you place minimum S$50,000 for 12 months, or 0.85% p.a. on placement of minimum S$50,000 for 3 months.
    • The promotion ends at SIF’s discretion.

    HLF SGD Time Deposit

    • Earn up to 1.45% p.a. on your SGD time deposit.
    • You can choose from 6, 12, and 18 months tenures.
    • The minimum placement amount required for the promotion is S$30,000.
    • A penalty of S$50 will be charged if fixed deposit receipt is not held till maturity.
    • The promotion ends at HLF’s discretion.

    ICBC SGD Fixed Deposit

    • Deposit an amount in the range of S$20,000 to S$199,999 for 12 months and earn 1.25% p.a.
    • Place S$200,000 or more for 12 months and earn 1.30% p.a.
    • You must place fresh funds to enjoy promotional rates.
    • The promotion ends at the bank’s discretion.

    Foreign Currency Fixed Deposit Rates Promotions Singapore

    Maybank Foreign Currency Time Deposit

    • Earn up to 2.10% p.a. on 6-month foreign currency deposit. You can choose from Australian Dollars (AUD) and New Zealand Dollars (NZD).
    • With AUD denominated deposits, you will earn 1.80% p.a. if the deposit amount is less AUD500,000, or 1.90% p.a. if the deposit amount is AUD500,000 and more.
    • With NZD denominated deposits, you will earn 2% p.a. if the deposit amount is less NZD500,000, or 2.10% p.a. if the deposit amount is NZD500,000 and more.
    • To enjoy these rates, you must place at least 10,000 units (fresh funds only) of the foreign currency you choose.
    • In case you make cash placement in a foreign currency, you will have to pay at least 1% commission in lieu of exchange or the minimum charge applicable, whichever is higher.
    • The promotion ends at the discretion of the bank.

    OCBC Foreign Currency Time Deposit

    • You can choose from three foreign currencies: Australian Dollars (AUD), New Zealand Dollars (NZD), and US Dollars (USD).
    • With AUD denominated time deposit, you will earn 1.35% p.a./1.70% p.a. for 3-month/12-month tenure.
    • With NZD denominated time deposit, you will earn 1.75% p.a./2.10% p.a. for 3-month/12-month tenure.
    • With USD denominated time deposit, you will earn 1.55% p.a./1.95% p.a. for 3-month/12-month tenure.
    • You must place at least 5,000 units of the foreign currency to enjoy promotional rates. The maximum placement amount is foreign currency equivalent of S$999,999.
    • The promotion ends at the discretion of the bank.

    ICBC RMB Fixed Deposit

    • Deposits below RMB5 million: Earn 2.50% p.a. for 3 months, 2.70% p.a. for 6 months, and 2.90% p.a. for 12 months tenure.
    • Deposits of RMB5 million or more: Earn 2.60% p.a. for 3 months, 2.80% p.a. for 6 months, and 3% p.a. for 12 months tenure.
    • To enjoy the promotional rates, you must place fresh funds.
    • The offer expires at the bank’s discretion.

    ICBC USD Fixed Deposit

    • Deposits in the range of USD500 - USD99,999: Earn 0.35% p.a. for 1 week, 0.60% p.a. for 1 month, 0.90% p.a. for 3 months, 1.20% p.a. for 6 months, and 1.50% p.a. for 12 months.
    • Deposits of USD100,000 or more: Earn 0.40% p.a. for 1 week, 0.70% p.a. for 1 month, 1% p.a. for 3 months, 1.30% p.a. for 6 months, and 1.55% p.a. for 12 months.
    • Place fresh funds to enjoy the promotional rates.
    • The offer ends at bank’s discretion.

    Types of Fixed Deposit Promotions

    Higher interest rates: Most often, fixed deposit promotions are in the form of higher interest rates. Under such offers, if you place funds within the promotion period, you will be able to enjoy higher interest rate on your deposit account than what is usually offered by the bank for a specific tenure. However, in most cases, you will have to meet the minimum deposit criteria to participate in the promotion. Also, most of the banks also require you to make your placement in fresh funds, which means that you can’t transfer funds from your existing savings/current account with that bank.

    Complimentary dinners: Under such promotions, you will enjoy complimentary dinner when you place a minimum certain amount for a specific tenure. Banks normally have partnership with certain restaurants where you can enjoy your complimentary dinner.

    Shopping vouchers: Under such promotions, you will get shopping vouchers from the bank for placing a certain minimum amount for a fixed tenure. You can redeem those vouchers at the select brands/stores.

    Complimentary hotel stays or vacations: Under these promotional offers, you will earn complimentary stay at select hotels or a vacation package when you place a certain minimum amount of funds for a specific tenure.

    Festival entry passes: With these offers, you will get free entry passes to some upcoming festival or event. You will have to meet the minimum deposit amount and other criteria to qualify.

    Gifts: Under such promotions, you will get an exclusive gift from the bank when you make a placement with fresh funds for a certain tenure.

    Raffle draws: Under these promotional offers, if you place certain minimum amount under a fixed deposit account for a certain tenure, you will be eligible to participate in raffle draws to win exciting prizes.

    Fixed Deposits from Top Banks
    Foreign Currency Fixed Deposits from Top Banks
    Currency Specific Fixed Deposit
    US Dollar Foreign Currency Fixed Deposit by Bank
    Australian Dollar Foreign Currency Fixed Deposit by Bank
    GBP Foreign Currency Fixed Deposit by Bank
    NZD Foreign Currency Fixed Deposit by Bank
    Euro Foreign Currency Fixed Deposit by Bank
    Canadian Dollar Foreign Currency Fixed Deposit by Bank
    Fixed Deposit Promotion by Banks
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