In fact, with just S$1,000 minimum deposit, consumers can earn a market-leading 1.00% p.a. This promotion is valid till 31 December 2021. . for 6 months, 0.70% p.a. Consider this if you're making a small deposit of medium to long-tenure. Only select tenors and deposit sizes are featured for reference, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. for a 36-month tenure–without even factoring in a promotion. Interest Rate: Up to 2.25% p.a. But in 2021, you’d be lucky if your bank offers you anything above 2%. There is variation by tenure, with longer terms earning higher interest, but these long-term rates aren't competitive compared to market standards. High promotion rate for a savings account; No penalty for pre-matured withdrawal of fixed deposit . HLB FD Promotion - Grow and save your money with Hong Leong Bank's FD promotion in Malaysia. RM10,000: RM2,000,000: 6 months: 2.35% p.a. for their 6-month FD, but you have to deposit 50% of your FD amount into a CASA as well. ICBC offers promotional rates for 1,3,6, and 9 month tenors as well, which is far more flexible than any other banks' promotional schema. for 18 months tenure and 0.75% p.a. These promotions change every month or so and can determine just how competitive a fixed deposit investment is. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. Get the latest FD rates in Malaysia here. Overall, HSBC Advance Time Deposit is fairly accessible, with just an S$5,000 minimum to place a deposit of any tenure at standard rates. 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. Consider this if you want to make a deposit with greater flexibility for withdrawal. Promo codes is valid for one-time use only. Nonetheless, its interest rates for moderately long deposits are notably above the industry average. Only select tenures and deposit sizes are featured for reference. DBS SGD Time Deposit does not always have promotional offers. Investment Returns RM 160.00. Minimum: RM1,000 Hong Leong Consider this if you're seeking top promotional rates for as little as S$500 deposit. While it currently does not offer any promotional rates, Maybank Singapore Dollar Time Deposit still offers some of the most accessible high board rates for very long-tenure deposits. However, given the accessibility and high rates of the promotional offers, it's far better to deposit fresh funds when possible. Account holders can set deposits for as little as 1-2 weeks or for as long as 48 months. Visit HLB branch for over the counter Promo. As a result, small deposits (as little as S$1,000) of moderately long tenure are best situated to provide competitive gains to account holders. and up, for 3 months tenure. This translates to an interest earnings per year of at least S$125 or S$162.50, respectively. Check the latest fixed deposit and EFD promotion rates here! Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. A minimal RM10,000 Fixed Deposit placement with Hong Leong Bank will earn you 4% rate with a chance to win a modern terrace house. for 24 months tenor. The 2 year tenure compounds every 6 months, with rates of 0.20% for the first cycle, 0.45% for the second, 0.60% for the third and 0.75% for the 4th. If you have a very specific deposit tenure in mind, it's definitely worth considering OCBC SGD Time Deposit. Consider this if you're familiar with online banking and want a longer tenure. ICBC's board rates apply to non-fresh funds, or those transferred from an existing ICBC account (rather than deposited from an outside source). on their deposit. Imagine if you could stash away all the money you received as gifts throughout the year, forget about it for a while, […]The post Best Fixed Deposits To Lock In Your Savings In Singapore (2021) appeared first on SingSaver Blog - We Compare, You Save. In fact, consumers can earn up to 0.68% p.a. The interest rates offered by the bank on their fixed deposit schemes are attractive. if they're a Priority Banking client. Even better, OCBC SGD Time Deposit has a promotion available with attractive rates–consumers can earn 0.50% p.a. Hong Leong Bank Fixed Deposit Promotion Coupons, Promo Codes 01-2021. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. Promotion Period Tenure Rate Minimum Placement Amount Maximum Placement Amount; 8 January 2021 – 31 March 2021: 3 months: 2.30% p.a. RHB Bank. Consider this if you're open to or already have a savings account with Maybank. Consider this if you're able to maintain a large savings balance or have a sizeable property loan. with a minimum deposit of just S$1,000, Consider this if you're considering a short-term deposit. ICBC fixed deposit rates (Jan 2021) These are quite high promotional rates compared to the current overall market, but consumers must already have a banking relationship with Maybank to qualify, and deposits must be made online (in fact, over-the-counter transactions incur fees). Consider this if you're interested in making a 12 to 18 month long deposit. Consider this if you're seeking a deposit tenure of 4–5 years. Interest Rate (p.a) 1.60%. ICBC offers some of the best fixed deposit interest rates on the market, both in terms of promotional and board rates. Tweet Now, enjoy higher FD rate up to 4% for a 15 month placement or 3.85% for 12 month placement with minimum amount of RM10,000 to a maximum of RM5,000,000 and have 10% of the deposit amount in Saving or current account, ear-mark for 6 month. With a current promotion, consumers receive 0.20% p.a. To Combat the Covid-19 outbreak, Hong Leong Finance has rolled out Covid-19 Loan Relief Schemes to help customers to tide over difficult time. Promotion Period: Now – 29th February 2020. In fact, consumers can earn up to 0.68% p.a. Beyond its promotion, Citibank's Time Deposit offers a broad range of tenures and rates fairly consistent regardless of deposit size. Get latest promotions and freebies from Hong Leong Bank Do a balance transfer with 0.0 p.a to your account for more cash in hand! Promotion is applicable for online placement . HL Bank Singapore offers a host of personal financing products and services ranging from loans, savings / current accounts, online banking, mobile banking and more. Board rates also do not change according to deposit size, which isn't always the case; some other banks heavily favor larger deposits. Consumers with an HSBC Premier banking relationship have access to top interest rates with HSBC Premier SGD Time Deposit. Consider this if you have a very specific deposit tenure in mind. on 3-month time deposit when purchase an insurance plan, valid until March 31,2021, 0.25% p.a.on 6-month SDG deposit (new and existing customers), valid until January 31, 2021, Investment bundle promotion, with a minimum investment amount of S$50,000 , receive 3 months p.a. Your money is locked in until it reaches maturity. Rates are subject to change without notice. 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. These high rates make HLF Fixed Deposits a strong option for those investing for at least 12 months with board rates ranging from 0.25% for deposits of up to S$50,000, to 0.45% for deposits above S$50,000. This is a great deal if you want to keep well-balanced savings. Receive 2.25% p.a. Offer Period: 4 January 2021 to 31 March 2021, Real Property Gains Tax (RPGT) in Malaysia (2021), i-Sinar & 8 Other Things You Can Use Your EPF for, Budget 2020: 16 Things That Might Affect YOU, Financially. for 24 months or 0.62% for 18 months, but it also requires a significantly larger sum of $20,000. In terms of the time deposit, consumers who deposit at least S$5,000 can earn up to 0.10% p.a. Enjoy up to 0.75% p.a.with min. ... Hong Leong Fixed Deposit Minimum Deposit . Hong Leong Finance fixed deposit board rates. Currently, consumers can earn a respectable 0.50% p.a. Earn attractive bonus interest on top of base interest, with Hong Leong Finance’s (# B2-42) Fixed Savings Account! For convenience, you may calculate the interest income with our Fixed Deposit online calculator for this promotion. Tenure: 1/2/3 months A fixed deposit (also known as a time deposit or term deposit) is a type of investment which gives you a higher interest rate than a regular savings account. Fixed Deposit Interest Rates Effective Date: 19-Jan-2021 9:30AM Last Updated: 19-Jan-2021 9:30AM Hong Leong Bank January to March 2021 Online FD Promo. Deposit must be made via Hong Leong Connect; 2. For a 1 year tenure, interest is compounded quarterly, or every 3 months. In the first quarter, consumers will earn just 0.15% p.a. If you are looking for a low-risk investment with a guaranteed rate of return, then it is a good investment. Here's the list of the most recent Fixed Deposit promotions. for 2 months tenure with a minimum placement of S$5,000. for 12 months tenure and 0.70% p.a. Minimum: RM 5,000 The ability to make a big deposit is also key to accessing the Maybank iSAVvy promotion. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. Interest Rate:  Up to 20.21% p.a. Comprehensive Home Loan Eligibility Report, Flat to Effective Interest Rate Calculator, Car & Personal Loan Settlement Calculator, eFIXED DEPOSIT/eFIXED DEPOSIT-i PROMOTION, Multi-Currency Account: 3 Ways to Save on International Transactions & Payments, 4 Top Reasons To Refinance Your Home Loan, MCO 2.0: Here's Why You Should Save up for a Pandemic. These rates are more competitive than some alternatives, ranging from as little as 0.15% up to 0.55% depending on deposit size and tenure. There are 3 eFD promos including 1 year FD promo at 2.30%. In other words, those taking advantage of this offer will earn at least S$80 in earnings, which makes this deposit definitely worth considering. Given that a 5 year deposit earns 0.95% interest without even factoring in a promotion, this is a great option for those seeking long-term placements. Consider this if you're interested in a large, short-term deposit. Another reason to consider banking with ICBC Step-Up is due to the fact that it's one of the few accounts out there that compounds interest at increments, rather than annually. RM10,000: RM2,000,000 on their investment. ; consumers looking to invest less than S$50,000 will have a hard time finding higher rates elsewhere. across 12 months with just S$20,000 minimum deposit. on investment saes charge of 2% and above, Rates up to 0.68% p.a. There's also only a S$5,000 minimum deposit requirement. A few years ago, you could get 4% returns p.a. Standard Chartered Singapore Dollar Time Deposit stands out as one of the only accounts offering both promotion rates as well as particularly long tenure options. Citi's current promotional rates are clearly amongst the highest on the market, though they have amongst the highest required minimum deposits to qualify. Tenure: 12 months HSBC Singapore Dollar Time Deposit is the most accessible variant, comes with impressive rates and currently offers two promotions. for 9 months and 0.75% for a 12-month tenure. Tenors of 3 to 24 months offer a set rate of 0.30% p.a. While many banks only offer deposits with milestone tenures (3, 6, or 12 months for example), OCBC FD allows consumers to select tenure by the month. Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. Consumers receive up to 1.00% interest for deposits of 36 month tenor, though there's a S$25,000 minimum deposit requirement for tenors longer than 12 months. The rates of course depend on the type of insurance product selected, divided into three tiers, with the lowest being 4.88% p.a. If you're looking to invest a large sum of money for just a short amount of time, you might want to consider Citibank Singapore Dollar Time Deposit. Consider this if you're planning to opt for a long-tenure deposit. Other banks' promotions often boost rates for medium size deposits of 6 to 12 month tenure, which can compromise DBS SGD Time Deposit's competitiveness in this range. Bank’s rates for new fixed deposit accounts often fluctuate month-to-month. The best thing about the bank’s offered promotion is that you can earn 2% p.a. Promo: Exclusive eFixed Deposit Rates for 12 months if deposited via e-Banking. [UPDATED] Avoid Being Cheated by These BLACKLISTED Property Developers! Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. for 24 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. interest of 1% for investment sales charge between 1%-2%, or 2% p.a. Singapore dollars $20,000 & above for 24 months in our Hong Leong Finance Singapore Fixed Deposit Covid-19 Promotion. All designed to cater for the different needs and lifestyles of the customers. With a minimum deposit of S$25,000 consumers can earn 0.50% p.a. Want to get the most out of your hard-earned money? Offer Period: 11 November 2020 to 20 January 2021 Branch Locator. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. Making a deposit above S$20,000 may not be beneficial with current rates set to 0.05% irrespective of the tenure. This means that if you want to deposit RM10,000 into the FD you've also got to deposit RM5,000 into a CASA bringing the total amount deposited to RM15,000. Promo code NEWHLB15 entitles Hong Leong Bank credit and debit card users that are first time Klook users to RM15 off with a minimum spend of RM100 on all Malaysia activities. Minimum Deposit: RM 10000. Sign up for more! However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. Minimum deposit of RM10,000 and above and maximum RM2,000,000. Fixed deposit interest rates can change dramatically with promotional offers, which can make it difficult to keep up with the best rates currently available. Well then, this article is for you. Tenure: 1/3 months Maximum: Subject to your online banking withdrawal limit at other bank. ","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. In terms of ICBC's current promotions, depositing at least S$500 in fresh funds earns up to 0.60% p.a. Fixed deposit promotions in Singapore as of January 2021. We give you the lowdown on how fixed deposits work, and round up the best fixed deposit offers in the market right now. As mentioned, this account is only open to consumers with an Advance banking relationship, which also comes with a preferential savings rate and one of the best flat rebate credit cards on the market. Instead, BOC Time Deposit's short-term rates, which range from 0.275% to 0.45% for tenures of 6 months and below, are a better fit to standard expectations. Our Covid-19 Safeguard measures implemented at our branches to help protect the well-being of our customers and employees. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Due to the competitive market of banking products, banks often provide promotional interest rates or bundles, such as higher interest rates on your FD if you commit to an investment or insurance product as well. Interest Rate:  Up to 2.20% p.a. Bank of China SGD Time Deposit offers board rates for tenures of 1 to 36 months, which only slightly vary according to deposit size. Tenures and deposit size ranges are nested where overlap occurs, Board rates only, promotions are not displayed. 8. Currently, you can earn an interest rate of 0.20% for 1 month tenure and 0.25% p.a. Minimum of S$10,000 to open an account with tenors of 1 or 2 months. The first one, valid until 31st of December 2020, offers preferential rates of up to 16.88% p.a. However, SC SGD Time Deposits at board rates are also worth considering, especially if you're looking to deposit funds for a prolonged period of time. Few other banks offer such range. The best method to maximise your earnings is to watch out for Citi's excellent promotions and take advantage whenever possible. Highlights. That is why interest rates on fixed deposits tend to be higher than on savings accounts. Offer Period: 5 November 2020 to 31 January 2021, Promo:  PB eFD via FPX Campaign However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. They're one of the easiest forms of investing as you simply make your deposit, wait for the set period of time, and then reclaim your funds plus interest. Terms & Conditions: Deposit must be made over counter; 3. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. In return, you receive a higher interest rate on a fixed deposit than you would on your savings account. Promotion Period: Now – 29th February 2020 on a 3-month time deposit when you purchase an insurance plan. The fact that the minimum requirement is so low and the interest rate is so high makes Maybank SGD Time Deposit the best option for those with small deposits looking for a long-term investment, considering the deposit board rates alone. Are you interested in the latest Fixed Deposit Promos in Malaysia? Click here to go to Hong Leong Bank's website for more details * Only for CIMB eFD via CIMB Clicks. This account is also especially competitive, as mentioned, for long-term tenures with small-to-moderate deposits. ICBC Step-Up Fixed Deposit offers two tenure options: 1 or 2 years. 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 12 months tenor or 0.65% p.a. for 24 months on fresh funds deposit of S$20,000 and up (through online form or PayNow) valid until March 1, 2021, Up to 16.88% p.a. HLB Promotions: Find out the latest offers & promotions with HLB's credit & debit cards, fixed deposits, loans, insurance, investment, online banking and more! What distinguishes fixed deposits from savings accounts is the limitation on withdrawing money from the fixed deposit account. While there are no promotions currently offered, if you're already a Maybank customer and feel comfortable with online banking, your long-term deposit could earn a great deal through Maybank iSAVvy Time Deposit. HSBC Premier Promo: Wealth and Banca Bundle Q1 2021 Interest Rate: Up to 6.38% p.a. We've identified the best fixed deposit promotions currently on the market, clarifying key factors that may influence your decision–deposit tenure, size requirement (placement amount), and interest rate per annum. The site does not review or include all companies or all available products. on a 3-month time deposit with a minimum funds placement of S$30,000. Promo:  Online Fixed Deposit Promotion That depends. with 12 months eFixed Deposit / eFixed Deposit-i Promotion (Until 31 Mar 2021) Placement must be made via via Hong Leong Connect. Use iMoney fixed deposit online calculator to compare highest fixed deposit interest rates for each Malaysian bank. Effective Rate: 6 months: 3.90%p.a. 6 months. In addition, if investing for longer than 2 months, the minimum deposit is only S$500, making these rates far more competitive compared to the market standard. Please see below for further details, Board rates only, promotions are not displayed. with just a S$20,000 minimum deposit for a 10 months tenure. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. Add on extra 0.125% p.a. Salary crediting or recurring monthly deposit of S$15,000 will earn a S$100 cash credit, S$200,000 will come with a S$200 cash credit and a deposit or investment of S$200,000 will come with a S$500 cash credit reward. If you are looking for more flexibility regarding your investment, then a savings account might be the right choice for you. Hong Leong Finance Singapore is having their Free Red Packet Promotion at City Square Mall. However, the amount in your fixed deposit will still earn an interest based on its initial rate. Minimum: RM5,000 Offer Period: 1 January 2021 to 30 April 2021, Promo: 2021 Wealth and Fixed Deposit Campaign on a deposit of at least S$25,000 across 6 months, or earn a preferred rate of 0.30% p.a. for 3 months, 0.65% p.a. 4. The second promotion, valid until January 31, offers a promotional rate for both new and existing HSBC Premier and Personal Banking Customers of 0.25 % p.a. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. CASA/-i placement. This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits. This means, at the very least, account holders are set to earn an incredible S$125 in interest. This translates to an interest earnings of at least S$130 and S$150. Shop www.couponupto.com Best Offers HLB eFixed Deposit allows you to manage fixed deposit accounts online via Connect Online and mobile app. Interest Rate:  1.90% p.a. Consider this if you're open to an HSBC Advance banking relationship. Minimum of S$500 for longer tenors. You can choose a bank to invest a certain amount of money with, called a deposit. Hong Leong Bank Berhad 193401000023 (97141-X) Hong Leong Islamic Bank Berhad 200501009144 (686191-W) Our Artificial Intelligence Advisor is ready to assist you Chat with Us For a more detailed analysis of the best options, consider our guide. In fact, board rates from 1 to 12 months range from 0.05% to 0.25%, but a 24 month tenure earns an impressive 1.10% p.a. interest for a 3 months tenure. In fact, deposits placed for 14 to 24 months earn 0.20% interest while 36 months will earn an impressive 0.50% p.a. We know you love savings. Consider this if you want top promotional rates for a smaller deposit size, CIMB SGD Fixed Deposit is, by far, one of the best options on the market for small and medium tenure deposits of any size. Promo codes are valid for bookings made via Klook's website or mobile app. With ICBC SGD Fixed Deposit, however, you can access top board rates as well as market-leading promotional offers with just a S$500 minimum deposit. with a S$5,000 deposit and above in 1 year. Minimum: RM 5,000 Tenure: 3 months Offer Period: 4 January 2021 to 31 March 2021 9. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. Promotions with highest interest rates shown; lower rates available for shorter tenures and/or smaller deposit placement amounts. ... For enquiries, connect with us online or drop by your nearest Hong Leong Bank Branch. Our site may not feature every company or financial product available on the market. Tenure: 3/6/12 months If you're open to considering an Advance banking account with HSBC, you'll have access to great interest rates and promotions with HSBC Advance Time Deposit. if you are 55 years old or above and your placement of fixed deposit is for 12 months or above. Renew your current FD or place fresh funds via Paynow. Rates for shorter tenures are also below the market average. Fixed deposit accounts are a low-risk form of investment that allow consumers to earn interest on funds placed with the bank for a predetermined–or fixed–amount of time. Only select tenures and deposit sizes are featured for reference, Board rates only, promotions are not displayed. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. 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. Before you lock up that much in a fixed deposit, make sure you have sufficient emergency funds first. The first 28 new Fixed Saving Account openings receive 6 FREE packs (6 pcs each) of Red Packets! Hong Leong Bank Promo: FD Pledge Credit Card Campaign Interest Rate: 4.00% p.a. HLB FD Promotion ... 8 January 2021 to 31 March 2021: 3 months: 2.30% p.a. Consider this if you're interested in a long tenure for a medium deposit. This month, Hong Leong is offering 0.65% p.a. Scroll down to and click on Page 5 to see more latest Fixed Deposit Promos. for tenures between 10–18 months. Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. 12 months: This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). ICBC Step-Up Fixed Deposit is currently offering two promotions to all customers with fresh funds fixed deposit placement in SGD, one for 12 months and the other for 24 months tenor. In other words, this is one of the few accounts where tenure can be set for unique terms such as 4, 7, 13 months or others. Connect With Us. When you open a fixed deposit account, you agree to deposit money into an account at a financial institution for a fixed time period and interest rate. The 12 months tenor offers promotional compound interest of 1.5%, 1.7%, 1.9% and 2.1% for each quarter, 1-4 respectively, with a minimum deposit of S$5,000. It's worth mentioning that this account is a bit challenging to qualify for (consumers must maintain a S$200,000 balance, S$15,000 monthly salary credit, or have a property loan of at least S$800,000). RM 500. Contact us now. Fixed Deposit-i Promotion. When you apply for Hong Leong Emirates World Card . The answer depends on several factors: the deposit amount, the length of the initial deposit and the current promotions offered by the bank. for 18 months on fresh funds deposit of S$20,000 and up (through online form or PayNow) valid until March 1, 2021. Let’s dive in. For example, Bank B advertises an interest rate of 4.28% p.a. Hong Leong Bank. If they continue on, they'll earn 0.30% in the second quarter, 0.50% in the third quarter, and 1.05% in the fourth and final quarter. to 1.30% p.a. Our partners cannot pay us to guarantee favorable reviews of their products or services. Consumers can make deposits for as long as 2, 3, 4, and even 5 years (60 months)–most banks limit deposits to 2 or 3 years at the most. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. With ICBC Step-Up Fixed Deposit, interest is earned in cycles, and won't be forfeited if you keep your deposit until the end of that cycle. It's worth mentioning that most banks only offer promotions at milestone tenures (3, 6, 9, or 12 months), so this is a remarkable fit if 10 months is closer to your desired length. UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50,000) sized deposits with longer tenures, and also comes with an attractive promotion.