• Standard Chartered Bank Fixed Deposit

    Standard Chartered has 1700 branches across 70 different countries all over the world and is headquartered in London. It offers several products which provide flexibility and caters to the changing needs of its customers.

    Standard Chartered Fixed Deposit Rates

    Fixed Deposit or Time Deposit allows you to opt for a secure investment plan wherein you can not only save a particular amount of money, but also, enjoy the interest earned on it. It is designed to handle your savings and helps you to get higher returns on maturity of the deposited amount

    Overview of Standard Chartered Bank Time Deposits in Singapore

    Currently Standard Chartered Bank offers considerable returns with 1.40 percent interest per annum on a seven month SGD Time Deposit. The minimum initial placement deposit required is SGD 25,000.

    Why choose Standard Chartered Bank Fixed Deposit?

    Standard Chartered Bank is one of the leading banks in the world which is ever-ready to provide assistance and services to its customers. With unique benefits and lucrative features on fixed deposit schemes, Standard Chartered Bank offers you the best plans that you deserve.

    Check For Standard Chartered Fixed Deposit Promotions

    Standard Chartered Singapore Dollar Time Deposit Interest Rates 2017

    The interest rates for Singapore Dollar fixed deposits offered by SC are:

    SGD

    1 Month

    3 Months

    6 Months

    9 Months

    12 Months

    15 Months

    18 Months

    24 Months

    36 Months

    48 Months

    60 Months

    Interest rate (p.a.)

    Below S$20,000

    0.05%

    0.10%

    0.20%

    0.30%

    0.35%

    0.35%

    0.35%

    0.40%

    0.42%

    0.50%

    0.75%

    Between S$20,000 and  S$49,999

    0.05%

    0.10%

    0.20%

    0.30%

    0.35%

    0.35%

    0.35%

    0.40%

    0.42%

    0.50%

    0.75%

    Between S$50,000 and S$99,999

    0.05%

    0.10%

    0.20%

    0.30%

    0.35%

    0.35%

    0.35%

    0.40%

    0.42%

    0.50%

    0.75%

    Between S$100,000 and S$499,999

    0.05%

    0.10%

    0.20%

    0.30%

    0.35%

    0.35%

    0.35%

    0.40%

    0.42%

    0.50%

    0.75%

    S$500,000 and above

    0.05%

    0.10%

    0.20%

    0.30%

    0.35%

    0.35%

    0.35%

    0.40%

    0.42%

    0.50%

    0.75%

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (United States Dollar):

    USD

    1 Week

    2 Weeks

     1 Month

     2 Months

     3 Months

     6 Months

    12 Months

    Interest rate (p.a.)

    Between USD5,000 and USD24,999

    0.171%

    0.171%

    0.231%

    0.274%

    0.316%

    0.503%

    0.762%

    Between USD25,000 and USD49,999

    0.171%

    0.171%

    0.231%

    0.274%

    0.316%

    0.503%

    0.762%

    Between USD50,000 and USD99,999

    0.171%

    0.171%

    0.231%

    0.274%

    0.316%

    0.503%

    0.762%

    Between USD100,000 and USD249,999

    0.371%

    0.371%

    0.431%

    0.474%

    0.516%

    0.703%

    0.962%

    Between USD250,000 and USD499,999

    0.471%

    0.471%

    0.531%

    0.574%

    0.616%

    0.803%

    1.062%

    USD500,000 and above

    0.521%

    0.521%

    0.581%

    0.624%

    0.666%

    0.853%

    1.112%

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (Great Britain Pound/Sterling Pound):

    GBP

    1 Week

    2 Weeks

     1 Month

     2 Months

     3 Months

     6 Months

    12 Months

    Interest rate (p.a.)

    Between GBP5,000 and  GBP24,999

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    Between GBP25,000 and GBP49,999

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    Between GBP50,000 and GBP99,999

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    Between GBP100,000 and GBP249,999

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    Between GBP250,000 and GBP499,999

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    GBP500,000 and above

    0.05%

    0.05%

    0.1%

    0.12%

    0.15%

    0.2%

    0.3%

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (Australian Dollar):

    AUD

    1 Week

    2 Weeks

     1 Month

     2 Months

     3 Months

     6 Months

    12 Months

    Interest rate (p.a.)

    Between AUD5,000 and  AUD24,999

    0%

    0%

    0.097%

    0.203%

    0.313%

    0.547%

    0.95%

    Between AUD25,000 and AUD49,999

    0%

    0%

    0.097%

    0.203%

    0.313%

    0.547%

    0.95%

    Between AUD50,000 and AUD99,999

    0%

    0%

    0.297%

    0.403%

    0.513%

    0.747%

    1.15%

    Between AUD100,000 and AUD249,999

    0%

    0%

    0.397%

    0.503%

    0.613%

    0.847%

    1.25%

    Between AUD250,000 and AUD499,999

    0%

    0%

    0.597%

    0.703%

    0.813%

    1.047%

    1.45%

    AUD500,000 and above

    0%

    0%

    0.797%

    0.903%

    1.013%

    1.247%

    1.65%

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (Euro):

    The interest rate for all tenures and amounts is 0% for the Euro deposits.

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (Chinese Renminbi):

    CNH

    1 Week

    2 Weeks

     1 Month

     2 Months

     3 Months

     6 Months

    12 Months

    Interest rate (p.a.)

    Between CNH25,000  and CNH49,999

    0%

    0%

    0.15%

    0.6%

    0.85%

    2%

    2.85%

    Between CNH50,000  and CNH99,999

    0%

    0%

    0.2%

    0.65%

    0.9%

    2.05%

    2.9%

    Between CNH100,000 and CNH249,999

    0%

    0%

    0.25%

    0.7%

    0.95%

    2.1%

    2.95%

    Between CNH250,000 and CNH499,999

    0%

    0%

    0.3%

    0.75%

    1%

    2.15%

    3%

    CNH500,000 and above

    0%

    0%

    0.85%

    1.25%

    1.5%

    2.5%

    3.25%

    Standard Chartered Foreign Currency Time Deposits Interest Rate 2017 (Hong Kong Dollar):

    HKD

    1 Week

    2 Weeks

     1 Month

     2 Months

     3 Months

     6 Months

    12 Months

    Interest rate (p.a.)

    Between HKD25,000  and HKD49,999

    0%

    0%

    0%

    0%

    0%

    0%

    0.0375%

    Between HKD50,000  and HKD99,999

    0%

    0%

    0%

    0%

    0%

    0%

    0.1625%

    Between HKD100,000 and HKD249,999

    0%

    0%

    0%

    0%

    0%

    0%

    0.2875%

    Between HKD250,000 and HKD499,999

    0%

    0%

    0%

    0%

    0%

    0%

    0.4125%

    HKD500,000 and above

    0%

    0%

    0%

    0%

    0%

    0%

    0.475%

    Standard Chartered Fixed Deposit Schemes

    Singapore Dollar Time Deposit:

    • The Singapore Dollar Time Deposit offers a wide range of tenures starting from 1 month and up to 5 years at competitive interest rate structures.
    • The minimum age requirement to open this account is 18 years and the minimum initial deposit amount required is S$5,000.
    • The deposit account also offers attractive features that include automatic renewal of your fixed deposit account upon maturity and secured overdraft facility allowing you instant access to your cash.
    • Singapore Citizens, Permanent Residents and foreigners can open a Singapore Dollar Time Deposit account.
    • The Singapore Dollar Time Deposit is protected under the Deposit Insurance Scheme.

    Foreign Currency Time Deposits:

    • The minimum tenure for a foreign currency time deposit starts from 1 week and extends up to 1 year.
    • The minimum placement amounts for USD, GBP, Euro and AUD is 5,000 units in the respective currency. The minimum placement amounts for HKD and CNH is 25,000 in the respective currency.
    • This deposit account comes with attractive features including automatic renewal of your fixed deposit account upon maturity and secured overdraft facility allowing you instant access to your cash.
    • Singapore Citizens, Permanent Residents and foreigners are eligible to open a foreign currency time deposit account if they are at least 18 years of age.

    Who are eligible to open Standard Chartered Bank Fixed Deposits?

    • You should be of at least age 18.
    • You may start an FD if you are Singapore citizen or foreigners with permanent resident visa or employment contracts.
    • The least expected initial placement is SGD 5,000

    What are the documents and statements that should be submitted at the time of opening an FD account?

    • Duplicate copy of any photo and signature bearing national identity card
    • Duplicate copy of your passport if you are not a native
    • Duplicate copy of your Employment Pass
    • Utility bills (water, electricity, land phone etc) for the past three months at the time of account opening.
    • Bank statement for the last three months.
    • A validation letter from the human resource section of your current organization or a letter from the employer in which address is stated.
    • Govt-approved documents such as IRAS, CPF, ICA etc that states your address
    • Duplicate copy of tenancy agreement
    • Income papers such as most recent computerized pay slips from your current boss, Income Tax Return Papers and letters/ payment acknowledgement slip from your client if you are self-employed.

    Other Products Offered by SCB

    FAQs

    1. Do non-bank investors get insurance cover on the time deposits?
    2. Yes, non-bank investors are covered up to an amount of SGD 50,000 by Singapore Deposit Insurance Corporation.

    3. What is the minimum age to have a Fixed Deposit account in Standard Chartered Bank?
    4. The applicant must be above the age of 18 years to have an FD account with Standard Chartered Bank.

    5. Can a foreigner have an FD account with Standard Chartered Bank?
    6. Yes, a foreigner can have a fixed deposit account with SCB by providing documents like employment contracts and permanent resident visa.

    7. What is minimum initial placement deposit that is required?
    8. The minimum initial placement deposit should be SGD 25,000

    9. Will be time deposit be renewed automatically after the term ends?
    10. Yes, Standard Chartered Bank provides automated renewal of time deposits after the term ends.

    11. Is there a penalty applicable if I wish to withdraw my foreign currency time deposit prematurely?
    12. Yes. You will be subject to USD25 as a premature uplift handling fee if you make a premature withdrawal of your foreign currency time deposit account.

    13. What is a secured overdraft facility?
    14. secured overdraft facility allows you to take a revolving credit against a secured asset (in this case, your fixed deposit) that you have pledged to the bank up to a certain limit.

    15. Under the deposit insurance scheme, will my entire S$ fixed deposit amount be secured?
    16. Under the deposit insurance scheme, your fixed deposit amount up to S$50,000 will be automatically insured by the Singapore Deposit Insurance Corporation.

    17. Will my foreign currency time deposit be insured under the deposit insurance scheme?
    18. The deposit insurance scheme does not insure foreign currency deposits, structured deposits, dual currency investments, etc.

    19. an I open a fixed deposit account with Standard Chartered if I am not an existing SC customer?
    20. If you wish to open a fixed deposit account with Standard Chartered, you have to open a new or maintain an existing Current, Savings or Cheque account with the bank. This criterion is applicable to open a Singapore Dollar and a foreign currency time deposit account. 

    News About Standard Chartered Bank Fixed Deposit

    • Standard Chartered Time Deposit Promotion

      Runtime: This promotion is currently ongoing and is valid until January 31, 2017.

      Particulars:

        • If you invest fresh funds of S$25,000, you will get up to 1.28% p.a. interest on your SGD Time Deposit.

        • If you are not a customer of the bank, you will receive up to S$1,800 account credit when you start with a Priority Banking relationship.

        • If you invest S$25,000 for 7 months, you can enjoy a promotional rate of 1.15% p.a and Priority Banking preferential rate of 1.18% p.a.

        • If you invest S$25,000 for 10 months, you can enjoy a promotional rate of 1.25% p.a and Priority Banking preferential rate of 1.28% p.a.

      Terms and conditions:

        • A fresh fund is a fund that is not associated with any existing account with the bank.

        • If you need the cash credit Priority Banking Sign-Up Promotion, you have to register for a Priority Banking Relationship and deposit a minimum of S$200,000 before March 31, 2017.

    • Earn KrisFlyer Miles With An SGD Miles Time Deposit

      Standard Chartered Bank is offering up to 60,000 KrisFlyer miles on the SGD Miles Time Deposit if you invest amounts ranging from S$27,000 to S$162,000. This offer is valid till 31 December, 2016. You can also get up to $1,000 if you opt for a Priority Banking relationship. The tenor for this scheme is 6 months. The KrisFlyer Miles rewards are available only if the deposit is retained until maturity.

      You should make a KrisFlyer account with Singapore Airlines Limited within 2 weeks after you create a Time Deposit account with the bank. Each customer is rewarded with portions of 10,000 KrisFlyer Miles up to 60,000 miles. You can get 10,000 Miles for every S$27,000 invested. SGD Time Deposits provide higher rates of interest and allow for automatic renewals once the deposits get matured. KrisFlyer Miles cannot be exchanged for cash and cannot be transferred.

      11th November 2016

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