Sunday, March 6, 2016

Singapore Deposit Rates (March 2016)

Below shows the good/promotional deposit rates for DBS, UOB, OCBC, Maybank, Citibank, Standard Chartered Bank and HSBC.

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
0.2300
0.2300
0.2300
1 mth
0.2800
0.2800
0.2800
0.3400
0.3400
0.3700
2 mths
0.3400
0.3400
0.3400
0.4200
0.4200
0.4600
3 mths
0.4600
0.4600
0.4600
0.5300
0.5800
0.5900
6 mths
0.4600
0.4600
0.4600
0.6300
0.6600
0.6800
12 mths
0.4700
0.4700
0.4700
0.6250
0.7850
0.8100
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
0.8300
1.0400
1 mth
1.1950
1.2150
1.3050
1.5750
1.6650
2 mths
1.3650
1.3850
1.4750
1.7450
1.8350
3 mths
1.4150
1.4350
1.5150
1.7950
1.8850
6 mths
1.4050
1.4250
1.5050
1.7850
1.8750
12 mths
1.3950
1.4150
1.4950
1.7750
1.8650














UOB:
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 30 April 2016.

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
1 March 2016 to 31 March 2016.
    
      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

with minimum deposit of S$20,000 (maximum $999,999)  in fresh funds
with minimum deposit of S$100,000 (maximum $999,999) in fresh funds, exclusively for Premier Banking customers

Citibank:

Exclusive Foreign Currency (FCY) Time Deposit Promotion

From now till 31 Mar 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
2.60%
2.80%
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
6-month
12-month
24-month
36-month
Interest (%p.a.)
1.60%
1.90%
2.00%
2.10%

Promotional rates are subject to change without notification.
Login to Maybank Online Banking to place a deposit:
Step 1:

Select Account >Time Deposit > Singapore Dollar Time Deposit > iSAVvy Time Deposit

Step 2:

Select the account to debit funds for this placement

Step 3:

Agree to confirm the placement
You must have a Maybank savings or current account and Online Banking account to make the placement online. Don’t have a Maybank account yet, apply for a SaveUp Account or iSAVvy Savings Account with your SingPass now.
Terms and Conditions
  • Promotional rates are applicable from 1 March 2016 for a minimum placement amount of S$25,000 into iSAVvy SGD Time Deposit via Maybank Online Banking (for individuals 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 of 0.25% p.a. will be credited into customer’s Maybank savings or current account, opened and/or maintained on the next 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.

HSBC:

Enjoy up to 1.80% p.a* on your SGD time deposits.

Relish the richness of life with your loved ones with exclusive interest rates and rewards. Now, you can make the most of your finances and create rewarding experiences for your family.
Promotional Time Deposit
(SGD)
New and Existing
HSBC Premier Customers*
New and Existing
HSBC Advance Customers#
12-month
1.80% p.a.
1.75% p.a.
6-month
1.60% p.a.
1.55% 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.

Be rewarded with up to S$150 worth of shopping vouchers when you place a SGD time deposit at our branch roadshows.

Minimum amount in fresh funds
Roadshow Gift*
S$50,000
S$30 Takashimaya or EpiCentre vouchers
S$200,000
S$70 Takashimaya or EpiCentre vouchers
S$500,000
S$150 Takashimaya or EpiCentre vouchers

Visit our branch roadshows at the following locations today!

4-5 March 2016
11-12 March 2016
18-19 March 2016

Note: Due to closure of branch counter services, cash deposits are only applicable till 12pm on Saturday.

Spend S$500 or more on your HSBC Debit Card and get up to 2.0% p.a.* bonus interest on your SGD account

Simply make a monthly minimum spend of S$500 in Retail Transaction(s) using VISA with your HSBC Premier or Advance Debit Card for 3 months and earn
• Up to 2.0% p.a.* bonus Interest for HSBC Premier customers or
• Up to 1.95% p.a.* bonus Interest for HSBC Advance customers
on your incremental average daily balance ("ADB") for each Relevant Month, based on the fresh funds placed into your HSBC Premier or Advance SGD account.
Eligible Customers
Criteria
Total Bonus Interest Rate earned
Minimum monthly charge of S$500 on your HSBC Debit Card1
Top-up Amount in fresh funds (S$1 - S$1,000,000)
New and existing
HSBC Premier
customers
Additional Bonus Interest Rate 0.50% p.a.
Bonus Interest Rate
1.50% p.a.
Up to 2.0% p.a.*
New and existing
HSBC Advance
customers
Bonus Interest Rate
1.45% p.a.
Up to 1.95% p.a.*
1 Subject to a maximum Additional Bonus Interest payable on the first S$100,000 in Top-up Amount(s) across all 3 Relevant Months.
Here's how it works
• You are a Premier customer.
• You spend S$500 on your HSBC debit card using VISA in March 16.
• You maintain an incremental ADB of $100,000 in March 16 as compared to February 16.
Criteria
Additional Bonus Interest Rate 0.50% p.a.
for Minimum monthly charge of S$500 on your HSBC Debit Card1
+
Bonus Interest Rate 1.50% p.a.
for Top-up Amount in fresh funds (S$1 - S$1,000,000)
+
Prevailing Board Rate from 0.01% p.a. to 0.1% p.a.
=
Total Interest earned
S$42.46
S$127.39
S$3.61
S$173.46

Fulfill the criteria for consecutive 3 months and receive a total interests of more than S$5002
2 Illustration based on minimum monthly spend of S$500 on your HSBC Debit Card using VISA and S$100,000 incremental ADB balance over the 3 months promotional period. Actual total interest earned is purely based on illustration, subject to terms and conditions.

Register from 1st March - 30 April 2016 to enjoy this exclusive offer:
• Existing Premier/Advance customers: Click here or visit any HSBC branch
• New customers: Visit any HSBC branch to open your Premier or Advance SGD account
For more information on this offer, please call us at 1800 4722 669, contact your relationship manager or visit any HSBC branch.

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