Standard Chartered Bank in Singapore offers two types of fixed deposit accounts - Singapore Dollar Time Deposit and Foreign Currency Time Deposit schemes.
Both the SGD Time Deposits and Foreign Currency Time Deposits offer features like attractive interest rates, flexible tenure and auto-renewal facility and cash overdraft facility.
Standard Chartered Bank also often runs promotions on their fixed deposit products. These promotions earns the customer greater rates of interest than usual when they open a fixed deposit account with the bank.
The interest rates offered depend on the amount of money deposited and the tenure selected for the deposit. A longer tenure usually converts to a better rate of interest. Standard Chartered Bank tries to offer the customers enough incentive on a regular basis to deposit their money with the bank.
SGD Time Deposit Promotion:
The current promotion on SGD Time Deposit offers customers the chance to earn up to 1.15% p.a. interest on their SGD Time Deposit.
A customer can earn attractive returns with a minimum deposit of S$25,000 in fresh funds. Existing customers of the Bank can get up to S$1,800 account credit right at the start, and maintain a Priority Banking relationship with the bank.
Priority Banking Preferential Rates
|S$25,000||5 months||0.90% p.a||0.95% p.a|
Features of the Promotion:
- The promotional interest rates are only applicable if the Time Deposit is held until the maturity of the tenor.
- Standard Chartered Singapore Dollar Time Deposit Promotion is applicable from 1 March, 2017 to 31 March, 2017.
- Fresh funds refer to funds not originating from any existing account with Standard Chartered Bank (Singapore) Limited and funds that are not withdrawn and re-deposited within the last 30 days of opening the Time Deposit.