Friday, February 5, 2016

Where to deposit your money in Feb 2016?



1} For saving account, Standard Chartered e-saver offers the most competitive deposit rate.
2) For 12-month time deposit, Maybank, HSBC and OCBC offer 1.9, 1.85 and 1.8% respectively.
3) For foreign currency deposit (without promotion), DBS seems to offer the most competitive rate.
DBS:
Foreign Currency Time Deposit
Amt(USD)
< 10'000
< 25'000
< 50'000
< 100'000
< 250'000
<= 500'000
1 day
0.0000
0.0000
0.0000
0.2500
0.2500
0.2500
1 week
0.0000
0.0000
0.0000
0.2200
0.2200
0.2200
1 mth
0.2700
0.2700
0.2700
0.3300
0.3300
0.3600
2 mths
0.3400
0.3400
0.3400
0.4200
0.4200
0.4600
3 mths
0.4500
0.4500
0.4500
0.5200
0.5700
0.5800
6 mths
0.4500
0.4500
0.4500
0.5900
0.6200
0.6400
12 mths
0.3800
0.3800
0.3800
0.5350
0.6950
0.7200
Amt(AUD)
< 25'000
< 50'000
< 100'000
< 250'000
<= 500'000
1 day
0.0000
0.0000
0.0000
0.0000
0.0000
1 week
0.0000
0.0000
0.0000
0.8500
1.0600
1 mth
1.3050
1.3250
1.4150
1.6850
1.7750
2 mths
1.3850
1.4050
1.4950
1.7650
1.8550
3 mths
1.4550
1.4750
1.5550
1.8350
1.9250
6 mths
1.4350
1.4550
1.5350
1.8150
1.9050
12 mths
1.3950
1.4150
1.4950
1.7750
1.8650














UOB:
      a) Passbook Savings and Uniplus
Incremental Fresh Funds Balance*
Bonus Rates*(p.a.)
S$15,000 to S$50,000
1.0%
Above S$50,000 to S$100,000
1.2%
Above S$100,000 to S$1,000,000
1.4%

Get up to 1.5% p.a.* interest (total interest rate) on your UOB Passbook Savings and UOB Uniplus Accounts.
Illustration: 1.4% p.a. interest (Bonus Rate assuming Incremental Fresh Funds Balance* above S$100,000) + 0.1% p.a. interest (Prevailing Interest Rate assuming account balances above S$350,000).
*Bonus Rates only apply to the Incremental Fresh Funds Balance up to a maximum amount of S$1,000,000 in the Account during the Promotion Period from the date of deposit, until 29 February 2016.
 b) Fixed Deposit
Enjoy interest rate of 1.70% p.a.* on a 13-month Singapore Dollar Fixed Deposit.
Tenor
Promotional Interest Rate* (p.a.)
  13-month
1.70%
Simply deposit a minimum of S$20,000 in fresh funds.
This promotion is available from 28 January 2016 to 29 February 2016.


c) High Yield Account
Enjoy premium interest rates on your consolidated deposits and investments when you deposit Incremental Fresh Funds into a new or existing UOB High Yield Account.
Total Value of Your Deposits and Investments
Prevailing Interest Rates (% p.a.)
Below S$350,000
0.05
S$350,000 to less than S$2,000,000
0.15
S$2,000,000 and above
0.20
 Here's how you can enjoy up to 1.70% p.a.*
Incremental Fresh Funds Balance*
Promotional Rates on Incremental Fresh Funds Balance* (% p.a.)
Existing Accounts:
S$200,000 to S$5,000,000
1.50
New Accounts:
S$350,000 to S$5,000,000
1.50
Illustration*: 1.50% p.a. (Promotional Rate) + 0.20% p.a. (Prevailing Interest Rate)

Assuming the Total Value of the Deposits and Investments are S$2,000,000 and above with an incremental Fresh Funds Balance of S$2,000,000, subject to a cap of S$5,000,000 per Account.

OCBC:

OCBC 12-month Singapore Dollar Time Deposit

1.7% p.a. with minimum deposit of S$20,000 (maximum $999,999)  in fresh funds
1.8% p.a. with minimum deposit of S$100,000 (maximum $999,999) in fresh funds, exclusively for Premier Banking customers

 

Citibank:

 

Exclusive Singapore Dollar (SGD) Time Deposit Promotion

From now till 29th Feb 2016, earn 1.60% p.a. interest rate on your SGD Time Deposit when you bring in new funds.
Currency
6 months (p.a.)
SGD
1.60%
This promotion is only applicable for new funds with minimum deposit of S$50,000 and maximum deposit of S$5,000,000 per customer. New funds refer to a deposit if funds: (a) from outside Citibank and (b) which is incremental to the average daily balance of deposits for the month before the placement of the time deposit.

Exclusive Foreign Currency (FCY) Time Deposit Promotion

From now till 29th Feb 2016, earn potentially higher returns on Foreign Currency Time Deposit with minimum deposit amount starting from as low as SGD 10,000 equivalent.
Citibank offers Time Deposits in other foreign currencies depending on your financial objectives and risk appetite. Here's a list of returns on Foreign Currency Time Deposit.
Currency
1 month (p.a.)
3 months (p.a.)
AUD
2.00%
2.20%
USD
0.30%
0.50%
NZD
2.80%
3.00%
CNH
4.50%
4.70%
ZAR
5.00%
5.20%
CNH refers to offshore Renminbi and ZAR refers to South African Rand. A minimum deposit equivalent to SGD 10,000 is required except for CNH. For CNH, a minimum deposit equivalent to SGD 30,000 is required. Maximum deposit amount is SGD 1 million equivalent per customer. This promotion is applicable for new funds. New funds refer to a deposit of funds: (a) from outside Citibank and (b) which is incremental to the average daily balance of deposits for the month before the placement of the time deposit. For placement with existing funds, foreign exchange conversion for the full deposit amount is required for all currencies

 

Maybank

Enjoy up to 2.10% p.a. with iSAVvy SGD Time Deposit

For a limited period only, enjoy up to 2.10% p.a. when you place a SGD Time Deposit online with just S$25,000!
Tenure
Upfront Interest
Interest-on-interest paid
upon maturity
Total Interest
6-month

0.25% p.a.
540% of upfront interest
1.60% p.a.
12-month
660% of upfront interest
1.90% p.a.
24-month
700% of upfront interest
2.00% p.a.
36-month
740% of upfront interest
2.10% p.a.
Promotion rates above are subject to change without notification.
Terms and Conditions
  • Promotional rates are applicable from 19 January 2016 for a minimum placement amount of S$25,000 into iSAVvy SGD Time Deposit via Maybank Online Banking only.
  •  Deposit placed into iSAVvy SGD Time Deposit must be debited from customer’s existing Maybank savings or current account via Maybank Online Banking.
  • Upfront interest will be credited into customers’ Maybank savings or current account on the business day following successful placement of the Time Deposit.
  • iSAVvy Time Deposit does not allow for partial withdrawal and top-up of the principal amount. For premature withdrawal, the entire interest paid upfront will be returnable to the Bank through a deduction from the iSAVvy Time Deposit principal amount. No interest-on-interest will be paid. Such premature withdrawal can only be made at any of our Branches in Singapore.
  • Other Terms and Conditions governing iSAVvy Time Deposit apply.

Standard Chartered Bank:

From now till 31 March 2016, earn up to 1.68% interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to January 2016‘s average daily balance). Take your savings to greater heights with e$aver today.
Deposit Balance Tier
Prevailing Interest Rate on Deposit Balance
Bonus Interest Rate on eligible Incremental Balance
Total Interest Rate on eligible Incremental Balance
<S$50,000
0.10% p.a.
1.43% p.a.
1.53% p.a.
S$50,000 to <S$200,000
0.15% p.a
1.58% p.a.
≥S$200,000
0.25% p.a.
1.68% p.a.

Enjoy up to 1.85% p.a* on your SGD time deposits.

Usher in Spring and a season of wealth with HSBC. Place a SGD time deposit with us today and enjoy exclusive interest rates and rewards.
Promotional Time Deposit
(SGD)
New and Existing
HSBC Premier Customers*
New and Existing
HSBC Advance Customers#
12-month
1.85% p.a.
1.80% p.a.
7-month
1.70% p.a.
1.65% p.a.
The minimum and maximum fresh funds placement amounts for the SGD TMD Promotion are S$30,000 and S$1,200,000 respectively. For placement amount greater than S$1,200,000, please contact either HSBC or your Relationship Manager.


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