Standard Chartered Bank Fixed Deposit

Standard Chartered fixed deposit schemes allow you to earn greater interest on your savings than you would otherwise get with traditional savings accounts under the condition that you do not touch your deposited funds for a pre-set period of time. The bank offers 2 different types of term deposit accounts: Singapore Dollar Time Deposits and Foreign Currency Time Deposits. With the Foreign Currency Time Deposits, you may choose to deposit your funds in any of the 8 major currencies offered by the bank. The minimum deposit placement amount required for both types of accounts is 5,000 units of the respective currency. You can earn as much as 2.7% p.a. interest on tenures of up to 60 months when you secure your excess funds in term deposits with Standard Chartered.

Standard Chartered Fixed Deposit Interest Rate

All Standard Chartered Singapore Dollar Time Deposits offer tenures ranging from 1 month to 60 months.

This table illustrates the fixed deposit interest rates offered with this account:

Deposit Amount (SGD) Tenure (% p.a.)
  1 Month 3 Months 6 Months 9 Months 12 Months 15 Months 18 Months 24 Months 36 Months 48 Months 60 Months
Below 20,000 0.150 0.200 0.250 0.650 0.700 0.850 0.850 0.850 0.970 1.100 1.350
20,000 - 49,999 0.150 0.200 0.250 0.650 0.700 0.850 0.850 0.850 0.970 1.100 1.350
50,000 - 99,999 0.150 0.200 0.250 0.650 0.700 0.850 0.850 0.850 0.970 1.100 1.350
100,000 - 499,999 0.150 0.200 0.250 0.650 0.700 0.850 0.850 0.850 0.970 1.100 1.350
500,000 - above 0.150 0.200 0.250 0.650 0.700 0.850 0.850 0.850 0.970 1.100 1.350

Note: The above rates are only indicative and are correct as of 23 January 2019.

Standard Chartered Foreign Currency FD Interest Rates

All Standard Chartered Foreign Currency Time Deposits offer tenures ranging from 1 week to 12 months. The interest rates provided for this time deposit account are only valid for new foreign currency fixed deposit accounts opened 2 working days after the specified date.

This table provides the interest rates offered for each of the 8 major foreign currencies available:

Currency Tenure Interest rate (p.a.)
USD 5,000 units to 500,000 units and above 1.249% to 2.554%
HKD 25,000 units to 500,000 units and above 1.18% to 2.025%
AUD 5,000 units to 500,000 units and above 0% to 2.025%
CAD 25,000 units to 500,000 units and above 0.843% to 1.916%
NZD 5,000 units to 500,000 units and above 0% to 1.98%
EUR 5,000 units to 500,000 units and above 0%
GBP 5,000 units to 500,000 units and above 0.05% to 0.877%
CNH 25,000 units to 500,000 units and above 0% to 2.7%

Note: Rates are only indicative and are accurate as of 18 December 2018.

Features and Benefits of Standard Chartered FD

  • Affordable minimum deposit amount starting at S$5,000 or its equivalent in chosen foreign currency.
  • Flexible tenors ranging from 1 week to 60 months.
  • Guaranteed automatic renewal of time deposits at maturity.
  • Consolidated statements of all your Standard Chartered accounts for added convenience.
  • Easily accessible banking through online banking or telephone banking facilities.
  • Affordable minimum deposit placement amount of S$5,000 or its foreign currency equivalent.

Standard Chartered FD Schemes

Singapore Dollar Time Deposit

You can enjoy up to 1.35% p.a. interest on Standard Chartered SGD term deposits with tenures that range from 1 month to 60 months. This account requires a minimum deposit placement amount of S$5,000 for SGD deposits of up to S$500,000 and above.

Foreign Currency Time Deposit

If you foresee needing to use any foreign currencies in the future, this fixed deposit account may come in useful for such an occasion. You can earn up to 2.7% p.a. interest on foreign currency deposits with flexible tenures ranging from 1 week to 12 months. The 8 major foreign currencies you may place your deposits in are: US Dollar (USD), Sterling Pound (GBP), Australian Dollar (AUD), New Zealand Dollar (NZD), Euro (EUR), Canadian Dollar (CAD), Hong Kong Dollar (HKD), and Chinese Renminbi (CNH).

Eligibility Criteria to Open an Standard Chartered FD Account

  • Minimum age: 18 for Singapore Dollar Time Deposits.
  • Minimum tenor: Starts from 1 week.
  • Maximum tenor: Up to 60 months.
  • Requirements: Valid Singapore mobile number.
  • Minimum placement amount: Starts at S$5,000 or 5,000 units of the chosen currency.

Required Documents:

  • Singaporeans & PR holders: NRIC (back and front)

Foreigners:

  • Valid passport
  • Employment Pass
  • Any utility bills/bank statements/rental agreements (from last 3 months) for proof of address

Other Deposit Accounts Offered by the Bank

Standard Chartered offers several savings and chequing accounts that you may want to learn more about in order to help you meet your everyday banking needs.

Current accounts available with Standard Chartered include:

  • Bonus$aver
  • SuperSalary
  • XtraSaver
  • Cheque and Save Account
  • USD High Account

Savings accounts offered by Standard Chartered include:

  • e$aver Savings Account
  • FCY$aver
  • e$aver Kids
  • MyWay Savings Account
  • USD$aver
  • Basic Bank 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.

    BankBazaar Singapore

  • 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.

    BankBazaar Singapore

    11th November 2016

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