Sunday, September 4, 2016

Singapore Deposit Rates (September 2016)


UOB:

a)    UOB Star Saver Promotion

Incremental Fresh Funds Balance*
Bonus Rates*(p.a.)
S$15,000 to S$50,000
0.78%
Above S$50,000 to S$100,000
0.98%
Above S$100,000 to S$1,000,000
1.18%

 

Get up to 1.28% p.a.* interest (total interest rate). Illustration: 1.18% p.a. interest (Bonus Rate assuming Fresh Funds deposit of above S$100,000) + 0.10% p.a. interest (Prevailing Interest Rate for account balances above S$350,000).

Bonus Rates are only applicable to Incremental Fresh Funds balance up to a maximum amount of S$1,000,000.

This UOB Star Saver Promotion ends 31 Oct 2016.

b)     

Enjoy interest rate of 1.3% p.a.* on a 13-month Singapore Dollar Fixed Deposit.

Tenor
Promotional Interest Rate* (p.a.)
  13-month
1.3%

Simply deposit a minimum of S$20,000 in fresh funds.
This promotion is available from
1 Sept 2016 to 30 Sept 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 1.38% p.a.*

Incremental Fresh Funds Balance*
Promotional Rates on Incremental Fresh Funds Balance* (% p.a.)
Existing Accounts:
S$200,000 to S$3,000,000
1.18
New Accounts:
S$350,000 to S$3,000,000
1.18

Illustration*: 1.18% 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$3,000,000 per Account.

d)    One Account
 
One Account
1. Meet Card Spend of S$500 and
2. Credit Salary / make 3 GIRO debit transactions
First S$10,000
1.00%
1.50%
Next S$20,000
1.50%
2.00%
Next S$20,000
2.00%^
3.33%^
Above S$50,000
0.05%
0.05%
^ Maximum effective interest rate (EIR) on the One Account is 1.60% p.a. at S$50,000 deposit, provided customers meet the criteria of S$500 Card Spend.
Maximum effective interest rate (EIR) on the One Account is 2.43% p.a. at S$50,000 deposit, provided customers meet both criterias of S$500 Card Spend and S$2,000 Salary credit / 3 GIRO debits per month.

 
OCBC:

Time Deposit Account

Enjoy the following promotional interest rates when you open a time deposit account with your preferred currency.

Currency
Tenure
Interest Rate (p.a.)
Singapore Dollar
12 Months
1.20%
Australian Dollar
3 Months
1.45%
12 Months
1.70%
New Zealand Dollar
3 Months
1.90%
12 Months
2.10%
U.S. Dollar
3 Months
0.65%
12 Months
0.80%

The placement amount must be in fresh funds only (fresh funds refer to funds not transferred or withdrawn from existing OCBC Bank deposit accounts and re-deposited or funds in the form of OCBC Bank cheque/cashier's order/demand drafts).

To qualify for the above mentioned SGD dollar promotion, a minimum placement amount of S$50,000 is required; for the foreign currency promotion, a minimum placement amount of 5,000 in respective currency is required. Maximum placement amount is capped at S$999,999 for both SGD and foreign currency placements.

All promotional interest rates and tenors are determined by OCBC Bank in its sole and absolute discretion from time to time without prior notice.

Citibank:
Exclusive SGD 3-month Time Deposit Investment Bundle PromotionFrom now till 30th September 2016, earn 2.50% p.a. interest rate on your SGD Time Deposit with our Time Deposit Investment Bundle Promotion when you bring in new funds.
Currency
3 months (p.a.)
SGD
2.50%
Minimum funding of S$50,000 in Investment and SGD Time Deposit respectively. SGD Time Desposit is capped at S$500,000. Investment amount must be at least equal to amount funded in SGD Time Deposit. 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. Full terms and conditions apply. Exclusive Foreign Currency (FCY) Time Deposit Promotion till 31st July 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
1.60%
1.80%
USD
0.40%
0.60%
NZD
1.85%
2.05%
CNH
1.80%
2.00%
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 currenciesCNH 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 currenciesMaybank
Reach out for up to 1.30% p.a. with iSAVvy Savings Account

Enjoy a total interest of up to 1.30% p.a. when you deposit a minimum of S$20,000 fresh funds into Maybank iSAVvy Savings Account from now till 31 December 2016.

Deposit Amount
(S$)
Bonus Rates
(% p.a.)
Base Rates
(% p.a.)
Total Rates
(% p.a.)
20,000 to less than 50,000
 
0.30
1.10
50,000 to less than 200,000
0.80
0.38
1.18
200,000 & above
 
0.50
1.30

The rates above are applicable for iSAVvy Savings Account and are subject to change without notification. This promotion is applicable to our Shariah-compliant accounts, subject solely to the Bank’s discretion. Where applicable, interest shall mean dividend.

 Enjoy up to 1.80% p.a. with iSAVvy SGD Time Deposit


For a limited period only, enjoy up to 1.80% p.a. when you place a SGD Time Deposit online with just S$25,000!

Tenure
12-month
24-month
36-month
iSAVvy Time Deposit
(Placement via Maybank Online Banking)
1.40% p.a.
1.55% p.a.
1.80% p.a.
SGD Time Deposit
(Placement at Maybank Branches)
1.35% p.a.
1.50% p.a.
N.A.

Promotional rates are based on per annum and subject to change without notification.  

Standard Chartered Bank:


From now till 30 September 2016, earn up to 1.70% interest on eligible deposit balance of S$1 million with no lock-in period when you bring in incremental fresh funds* (compared to July 2016‘s average daily balance). Plus, receive up to S$1,000 when you start a Priority Banking relationship with us today1

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.
1.45% p.a.
1.55% p.a.
S$50,000 to <S$200,000
0.15% p.a
1.60% p.a.
≥S$200,000
0.25% p.a.
1.70% p.a.

HSBC:

Enjoy up to 1.40% p.a.* on your SGD time deposits.

Turn everyday challenges into everyday opportunities with exclusive interest rates on your time deposit. Now, you can make the most of your finances and and enjoy greater rewards.

Promotional Time Deposit
(SGD)
New and Existing
HSBC Premier Customers*
New and Existing
HSBC Advance Customers#
7-month
1.40% p.a.
1.35% 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.

Terms and conditions:
* HSBC 2016 August SGD Premier Time Deposit Promotion terms and conditions apply.
# HSBC 2016 August SGD Advance Time Deposit Promotion terms and conditions apply.


Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law.

 

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