in November. Minimum: RM1,000 Maximum: Subject to your online banking withdrawal limit at other bank. RM10,000. Prosperous Now Account-i. before you jump straight into Fixed Deposits. Only select tenures and deposit sizes are featured for reference, Board rates only, promotions are not displayed. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. This means, at the very least, account holders are set to earn an incredible S$125 in interest. More Time Deposit Offer More Payroll Service Welcome Rewards. You can choose a bank to invest a certain amount of money with, called a deposit. Find out more *T&Cs apply. Few other banks offer such range. However, given the accessibility and high rates of the promotional offers, it's far better to deposit fresh funds when possible. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Here are some situations when opening a fixed deposit account could be an attractive option for you. Maybank Family Plus is designed to reward the whole family. For 12 months placement of S$20,000 at 0.73% p.a., the interest that you will receive upon maturity is S$146.00. The second promotion applies to a 24 month tenor, and interest is compounded every six months at 0.4%, 0.8% during the first year and 1.3% and 2.1% during the second, with a minimum deposit of S$5,000. For details, please refer to the relevant promotion materials or contact the staff of BOCHK. Frasers Logistics and Commercial Trust FY20 Full Year Results, First REIT Restructure Master Lease Agreements. Compare the best fixed deposit promotions with interest rates as high as 1.9% p.a. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). For deposits above S$1 million, please contact us at 1800 363 3333 or visit any OCBC Bank branch. OCBC fixed deposit board rates. At the point of writing, the 10th Tranche of China Taiping i-Save (1.96% for 3 years) is fully subscribed. Existing Customers to Apply Online; New Customers to Make an Appointment; Personal Customer Service … I have shared many other financial instruments that is similar to what fixed deposits can offer. Forget about the Singapore Savings Bonds. In fact, consumers can earn up to 0.68% p.a. HKD preferential interest rates up to 0.30% p.a. above board rate for fixed deposit placed for 12 months & above; Place fixed deposit with just $500 Deposit Interest Rates. Note: the fixed deposit interest rates listed here promotional rates which change monthly.. Best Fixed Deposit Promotions in Singapore 2020... (4 days ago) UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50k) sized deposits with longer tenures, and also comes with an attractive promotion. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. for 24 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. All Accounts Fixed Deposits Current & Savings Deposit Promotions. Fixed Deposit. Among the banks below, I prefer the fixed deposit from DBS given that DBS offer much higher interest rate per annum for a 12 or 18 months placement as compared to the rest of the banks. Rates for shorter tenures are also below the market average. Please note: Signature is required for all application forms. TALK TO US ADD TO COMPARE. Consider this if you're seeking top promotional rates for as little as S$500 deposit. Enjoy up to 0.55% p.a. for 2 months tenure with a minimum placement of S$5,000. If you're looking to invest less than S$1,000, you'll have a very hard time qualifying for a fixed deposit account with most banks. in an ordinary savings account. Time Deposits (Fixed Deposits) Sustainable Time Deposit Time to invest in a sustainable future. ","version":"sidebar"}, RealValue Credit Cards Rewards Calculator, Effective Interest vs Annual Interest Rate, Best Insurance Companies for COVID-19 Coverage, How to Pick the Best Critical Illness Insurance, Best P2P Crowdfunding Investment Platforms, Average Interest Rate for Savings Accounts, Average Interest Rate of SGD Fixed Deposits, How to Get the Best Loan for Your Small Business, Business Loans for Startups & SMEs: How to Apply, Cheapest Electricity Retailers in Singapore, A Basic Guide to Foreign Currency Fixed Deposits, Average Effective Interest Rate for Savings Accounts, 3 Ways To Prepare for Singapore Becoming a "Smart Nation", DoorDash's IPO Just Makes Uber & Airbnb Look Better, ABNB IPO: Why Airbnb Could Overtake Booking.com, 1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months, S$100,000 for 1 week, S$10,000 for 1 to 2 months, S $500 for 3 to 36 months, 1, 2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 15, 18, 24, 36 Months, 1, 2 years (incrementally compounded, 4 times/year), 1-15 (each available separately),18, 24, 36 Months, 1-24 (each available separately), 36, 48 Months, 1, 3, 6, 9, 12, 15, 18, 24, 36, 48, 60 Months, 1-12 (each available separately),18, 24, 36, 48, 60 Months, S$5,000 for 3 & 6 months, S$25,000 for 12, 24, 36 months, S$10,000 for 1 months, S$1,000 for 2 to 36 months, 0.30% for 6 months tenor, with a minimum deposit of S$25,000 (priority banking preferential rate), 1.10% p.a.on 24-month SDG deposit (new and existing customers), with a deposit up to S$49,999, Up to 0.40% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.50% for a 10-month tenor, with a minimum deposit of S$20,000, valid until January 30, 2021, 0.60% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.75% p.a. If you have S$50,000 sitting in your Fast Saver account, you can opt to put them into this fixed deposit promotion which gives you 0.35% p.a. You are guaranteed that your money will earn interest as long as you leave your money to the banks to a … For 12 months placement of S$5,000 at 0.50% p.a., the interest that you will receive upon maturity is S$25.00. Some might not even have a specific expiry date… The banks will just advertise it as “for a limited time only” to feed your FOMO mentality.. Under the Bundle Promotion, current account holders who make a minimum deposit of S$50,000 with Citi for a tenure of 3 months earn between 1.00% and 2.00% p.a. Promotional interest rates are subject to change without prior notice. Citibank Foreign Currency Time Deposit Promotion. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.50%, 1.70%, 1.90% and 2.10% for quarters 1, 2, 3 and 4 respectively. Documents required. (UOB) 12-Month: 0.60% p.a. The 1 year interest rate for December 2020 Singapore Savings Bonds has fallen as low as 0.24%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds. UOB: Earn up to 0.55% p.a. The current Money Lobang National Average Fixed Deposit Rates for January 2021 is 0.47% p.a. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. Charge into the new year with an abundance of wealth. An Islamic Term Deposit with pre-determined profit rate . Home > Deposits > Latest Promotion Facebook; Latest Promotion. 1. Welcome great fortune with a symbol of prosperity. Sort By. UOB’s time deposit interest rate remains the same at 0.55% p.a. UOB: Earn up to 0.55% p.a. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Tip: Check out OCBC Fixed Deposit promotional rates. In many western countries, FD is also known as term deposit or time deposit. A Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond. Ever flip through the newspaper and see absurdly high interest rates advertised for fixed deposit promotions? There is something for you in there. DBS current highest fixed deposit rate is 0.60% p.a. Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. CIMB is offering a promotional rate of 0.35% p.a. 0.20% for 6 months tenor, with a minimum deposit of S$25,000, 0.60% for 12 months tenor with a minimum deposit of S$20,000, Best Fixed Deposit Rates & Promotions in SG, Jan 2021. for 24 months tenor. You can also make over-the-counter deposits for fresh funds for this promotion, although rates are 0.05% lower than via e-Banking for each tenor. I have some USD savings (>50K), don’t plan to convert as low FX but want to keep in cash vs investing. The current low interest rates offered by most banks remained unattractive to me. Consider this if you're interested in a long tenure for a medium deposit. Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer. For new customers, online application takes less than 10 minutes to complete, and existing customers can apply via CIMB Clicks Internet Banking under eApplication. for a 36-month tenure–without even factoring in a promotion. 2. 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