The SIF Singapore Dollar Fixed Deposit scheme allows you to park your surplus funds in high yield savings instruments to help you maximise returns on your investment. This account comes with a wide range of placement periods starting from 1 month to a maximum of 60 months. Place your savings in an SIF fixed deposit account to enjoy attractive interest rates of up to 1.2% p.a. on your investment.
SIF Fixed Deposit Interest Rates
Tenures available range from a minimum of 1 month to 60 months.
The following table provides the interest rates available for the Singapore Dollar Fixed Deposit account:
|Tenure||Interest Rate in SGD||Interest Rate in SGD|
|Less Than $50,000 (Deposit Amount)||$50,000 above (Deposit Amount)|
Senior citizens will enjoy an additional 0.125% p.a. interest on top of the board rates provided for deposits of 12 months and over.
Note: Rates are only indicative and are correct as of 21 January 2019.
Features and Benefits of SIF Fixed Deposits
The SIF Singapore Dollar Fixed Deposit comes with the following features and benefits:
- Convenient automatic renewal of your term deposit at the prevailing interest rate upon maturity.
- Choose from multiple placement periods ranging from 1 month to 60 months.
- 0.125% p.a. senior citizens’ bonus interest offered on top of select board rates.
Fixed Deposit Schemes Offered by SIF
SIF Singapore Dollar Fixed Deposit
The SIF Singapore Dollar Fixed Deposit account is a standard SGD time deposit account that offers up to 1.2% p.a. interest for regular customers and up to 1.325% p.a. interest for senior citizens looking to maximise their retirement savings. It comes with tenures of 1 month, 3 months, 6 months, 9 months, 12 months, 15 months, 24 months, 36 months, 48 months, and 60 months. You can also take advantage of the auto-renewal feature of this account to have your deposit conveniently renewed at the prevailing interest rate at the time of its maturity. Deposit amounts may range from less than S$50,000 to S$50,000 and above.
Eligibility?Criteria to Open an SIF FD Account
- Minimum tenor: Starts from 1 month.
- Maximum tenor: Up to 60 months.
- Minimum placement amount: Starts at less than S$50,000.
- Required documents: Kindly contact the bank for further information.
Other Deposit Accounts Offered by the Bank
SIF offers several current and savings accounts that you might want to learn more about to better manage your finances.
Current accounts available with SIF include:
- Current Account
Savings accounts available with SIF include:
- Savings Account
- GIRO Saver Account