HSBC Singapore Dollar Time Deposit

The HSBC Singapore Dollar Time Deposit account comes with flexible placement period and automatic renewal option. This term deposit account enables you to earn interest on your deposits in Singapore dollar.

How Can You Benefit from This Account

  • The minimum amount you need to deposit is S$5,000.
  • Overnight deposits of S$1 million are also accepted.
  • Your account will be automatically renewed when the chosen tenure ends.
  • The deposit tenures available are: 1 month, 3 months, 6 months, 9 months, 1 year, and 2 years.

What Interest Rates Are Offered

The interest rates of Singapore Dollar Time Deposit for Personal Banking, HSBC Advance, and HSBC Premier Customers are given below:

HSBC Personal Banking Customers

Deposit Amount Tenure and interest rate (% p.a.)
1 month 3 months 6 months 9 months 12 months 24 months
S$5,000 to S$49,999 0.05 0.1 0.15 0.2 0.25 0.65
S$50,000 to S$99,999 0.05 0.1 0.15 0.2 0.25 0.65
S$100,000 to S$199,999 0.05 0.1 0.15 0.2 0.25 0.65
S$200,000 to S$499,999 0.05 0.1 0.15 0.2 0.25 0.65
S$500,000 to S$999,999 0.05 0.1 0.15 0.2 0.25 0.65
S$1 million and above 0.05 0.1 0.15 0.2 0.25 0.65

HSBC Advance Customers

Deposit Amount Tenure and interest rate (% p.a.)
1 month 3 months 6 months 9 months 12 months 24 months
S$5,000 to S$49,999 0.05 0.1 0.15 0.2 0.25 0.7
S$50,000 to S$99,999 0.05 0.1 0.15 0.2 0.25 0.7
S$100,000 to S$199,999 0.05 0.1 0.15 0.2 0.25 0.7
S$200,000 to S$499,999 0.05 0.1 0.15 0.2 0.25 0.7
S$500,000 to S$999,999 0.05 0.1 0.15 0.2 0.25 0.7
S$1 million and above 0.05 0.1 0.15 0.2 0.25 0.7

HSBC Premier Customers

Deposit Amount Tenure and interest rate (% p.a.)
1 month 3 months 6 months 9 months 12 months 24 months
S$5,000 to S$49,999 0.08 0.13 0.18 0.23 0.28 0.75
S$50,000 to S$99,999 0.08 0.13 0.18 0.23 0.28 0.75
S$100,000 to S$199,999 0.08 0.13 0.18 0.23 0.28 0.75
S$200,000 to S$499,999 0.08 0.13 0.18 0.23 0.28 0.75
S$500,000 to S$999,999 0.08 0.13 0.18 0.23 0.28 0.75
S$1 million and above 0.08 0.13 0.18 0.23 0.28 0.75

*All rates are as on 30 June 2018.

How to Open an HSBC Singapore Dollar Time Deposit Account

You must take an appointment with HSBC bank to apply for this account. You can take an appointment on the official webpage of HSBC. You will be asked to provide few personal details and then the bank will get in touch with you for further procedures.

Other Things to Know

  • If you make a premature withdrawal from the account, then you are likely to lose all or most of the interest rate earned.
  • This time deposit account is insured by Singapore Deposit Insurance Corporation up to S$50,000.
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