• Fixed Deposit promotion

    A fixed deposit otherwise known as a time deposit is a great way to invest your hard earned savings without the risk of losing any money. Fixed deposits allow you to invest your savings for a specific tenure and allow you to earn a higher rate of interest on your deposits thereby offering you much higher returns than a traditional savings account.

    Fixed deposits also have the added advantage of being a safe and secure investment avenue. The capital is also guaranteed by the bank and if that is not enough, the funds deposited into fixed deposits or fixed time deposits are guaranteed under Deposit Insurance Scheme of Singapore Deposit Insurance Corporation. This scheme guarantees your deposit to up to S$50,000 in the unlikely event of the bank’s failure.

    Fixed deposits also offer investors convenience. The tenures are flexible and most banks offer tenures starting from as low as 1 week going all the way up to 48 months. The deposits are also open to individuals and corporates alike. Corporates can deposit larger sums of money for tenures of less than 1 week. Funds once deposited cannot be withdrawn. Prematurely withdrawn funds tend to lose out on the interest rate offered and having flexible tenures allow you to deposit your money without having to be strapped for cash in case an emergency crops up.

    Fixed deposits in Singapore come in two main forms. One is the conventional Singaporean Dollar term deposit in which deposits should be made in Singaporean dollars. The other form is the foreign currency fixed deposit where investors can choose from over 11 foreign currencies to deposit funds in. The tenures for foreign term deposits are usually lower at 12 months. The currencies that one choose from include US Dollar, Canadian dollar, Australian dollar, New Zealand dollar, Hong Kong dollar, Sterling Pound, Euro, Swiss Francs, Japanese Yen and Offshore Renminbi.

    Fixed deposits come with competitive interest rates and with almost every bank offering a fixed deposit, banks are going beyond their means to give us attractive offers. These fixed deposit promotions seek to entice customers into depositing their funds into a particular bank. Promotions can be varied and range from freebies, vouchers to cash credit and increased interest rates. The promotions will require the customer to meet certain eligibility requirements.

    Best Fixed Deposit Promotions (Updated 2017)

    Below are the best fixed deposit promotions.

    • Maybank Foreign Currency Time Deposit: Get an interest of up to 2.45% p.a. for 6 months in US Dollar, Australian Dollar, and New Zealand Dollar. The minimum deposit amount for Japanese Yen is JPY2.5 million. For all other currencies, the minimum deposit amount is 10,000 dollars of the respective currency.
    • Maybank Singapore Dollar Time Deposit: Get an interest of 1.40% p.a. for 18-month deposit and 1.55% p.a. for 2-year deposit. Customers are required to deposit at least S$50,000 for the specified durations into a Maybank Passbook Savings, Privilege Plus Savings or SaveUp Account at the same time to get the promotional interest rate.
    • Citibank S$ Time deposit and Foreign Currency Fixed Deposit: Earn up to S$7,000 as cash credit when you top-up deposit balances. Deposits have to be made by customers who have a Citi Priority, Citigold, or Citigold Private Client banking relationship. The deposit amount varies for each type of banking relationship with minimum top-up amounts starting from S$50,000. The cash rewards offered are mentioned in the table below.
    Type of relationship Deposit amounts Base reward Bonus Rewards
    Investment transfer-in Investment (accumulated purchase from top-up to 31 Dec 2017) Insurance (accumulated purchase from top-up to 31 Dec 2017)
    City priority Relationship S$50,000 or more S$50 S$100 S$150 S$150
    City priority Relationship S$100,000 or more S$100 S$150 S$300 S$300
    Citigold Relationship S$50,000 or more S$50 S$100 S$150 S$150
    Citigold Relationship >= S$100,000 S$100 S$150 S$300 S$300
    Citigold Relationship S$250,000 or more S$400 S$375 S$750 S$750
    Citigold Relationship S$500,000 or more S$1,000 S$750 S$1,500 S$1,500
    Citigold Relationship S$1 million or more S$2,000 S$1,500 S$3,000 S$3,000
    Citigold Private Client Relationship S$50,000 or more S$50 S$100 S$150 S$150
    Citigold Private Client Relationship S$100,000 or more S$100 S$150 S$300 S$300
    Citigold Private Client Relationship S$250,000 or more S$400 S$375 S$750 S$750
    Citigold Private Client Relationship S$500,000 or more S$1,000 S$750 S$1,500 S$1,500
    Citigold Private Client Relationship S$1 million or more S$2,000 S$1,500 S$3,000 S$3,000
    Citigold Private Client Relationship S$1.5 million or more S$3,500 S$2,250 S$4,500 S$4,500
    Citigold Private Client Relationship S$3 million or more S$7,000 S$4,500 S$10,000 S$10,000

    Types of Fixed Deposit promotions:

    Higher interest rates: These are the more common forms of fixed deposit promotions wherein the customer will earn a higher than usual rate of interest for a specific tenure. The customer will have to meet certain criteria such as minimum deposit amount or specific tenure or have a specific banking relationship with the bank. A prime example of a fixed deposit promotional offer giving higher rates is given below.

    Standard Chartered Fixed Deposit Promotion: Earn up to 1.25% p.a. interest on your SGD Time Deposit when you deposit minimum fresh funds of S$25,000. The table below highlights the interest you can earn.

    Minimum deposit amount Tenure Promotional rate Preferential rates for priority banking
    S$25,000 6 months 1.10% p.a. 1.15% p.a.
    S$25,000 10 months 1.20% p.a. 1.255 p.a.
    • Complimentary dinners: These type of promotions usually offer the customer complimentary dinners at leading restaurants across Singapore when they deposit a specific amount of fresh funds for a specific tenure.
    • Shopping vouchers: These type of promotions usually offer the customer complimentary shopping vouchers that can be redeemed at select stores across Singapore when they deposit a certain amount of fresh funds for a specific tenure.
    • Complimentary hotel stays or vacations: These type of promotions usually offer the customer complimentary hotel stays or vacation packages at leading luxurious hotels  at select destinations when they deposit a certain amount of fresh funds for a specific tenure.
    • Free entry into festivals or the like: These type of promotions usually offer free passes to popular entertainment events such as music festivals and the like. Customers are required to deposit a certain amount of fresh funds for a specific tenure.
    • Freebies and gifts: These type of promotions usually offer the customer complimentary gifts such as electronic items or luggage sets when they deposit a specified amount of fresh funds for a specific tenure.
    • Raffle draws and contests: These type of promotions usually offer the customer a chance to participate and potentially win in popular raffle draws or contests when they deposit a certain amount of fresh funds for a specific tenure.

    Fixed Deposit Rates Promotions Singapore

    • UOB Fixed Deposit Promotions:

      Get an interest of 1.10% p.a. on the 10-month tenure when you deposit S$5,000 or more for 1 month, S$250,000 or more for 7 to 14 days, or s41 million or more for less than 7 days.

    • Maybank Fixed Deposit Promotions:

      You can stand to earn an interest rate of 1.10% p.a. when you deposit a minimum of S$25,000 for a tenure of 12 months into a Singapore Dollar Time Deposit.

    • Standard Chartered Fixed Deposit Promotions:

      Customers can stand to earn attractive returns when they deposit a minimum of S$25,000 in fresh funds for tenures of 6 or 10 months at 1.10%p.a. and 1.20% p.a. respectively. Additionally they can also receive up to S$3,000 when they start a Priority Banking relationship with standard Chartered. The interest earned for Priority Banking customers is 1.155 and 1.25% p.a. respectively.

    • Citibank Fixed Deposit Promotions:

      Earn up to S$7,000 as cash credit when you top-up deposit balances. Cash awards that can be earned depend on the banking relationship a customer has with Citibank. There are varying amounts of cash credit provided for customers who have a Citi Priority, Citigold, or Citigold Private Client banking relationship.

    • CIMB Fixed Deposit Promotions:

      Customers can stand to earn attractive returns when they deposit a minimum of S$25,000 or more at 1.15% p.a. for 6 months or 1.25% p.a. for 12 months.

    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
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.