HSBC is one of the reputed banks in Singapore that provides a wide range of financial products. The banking products include credit cards, various types of loans, saving and investment-related products. One of its savings product is fixed deposit known as Time Deposit. Here are a few promotions offered by HSBC Bank on Time Deposits.
HSBC Fixed Deposit Promotion in Singapore
HSBC SGD Time Deposit Promotions
You can enjoy returns at a preferential rate of 1.8% p.a. on SGD Time Deposits. This promotion is valid up to 31 December 2018. The minimum deposit for this offer is S$5,000 in a 9-month tenor. In addition to this, you can also win S$30 Grab vouchers when you make a minimum deposit of S$30,000.
The details of the promotion for new and existing HSBC Premier Customers are given in the table below:
|Minimum Placement||Tenor||Promotional Interest Rate|
|S$5,000-S$29,999||9 months||1.80% p.a.|
|S$30,000-S$1,200,00||9 months||1.80% p.a. + Grab Vouchers worth S$30|
The maximum placement amount for SGD Time Deposits is S$1,200,000.
- Deposits should be made in fresh funds only.
- The minimum and maximum placement amounts for this promotion are S$30,000 and S$120,000, respectively. For a greater deposit amount, please contact the bank.
For complete information on this promotion and its terms and conditions, please contact HSBC.
HSBC Fixed Deposit Accounts
HSBC offers two types of time deposit accounts:
- The Singapore Dollar Time Deposit (this is the conventional time deposit account)
- The Foreign Currency Time Deposit
Both these time deposits have their own features and benefits. While the Singapore Dollar Time Deposit allows investment only in Singaporean Dollars, the Foreign Currency Time Deposit allows for investment in currencies other than the Singapore Dollar.
The minimum deposit in the case of the Singapore Dollar Time Deposit is S$5,000.