Earn up to 1.80% p.a. interest on SGD Time Deposit now.
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Benefits

Additional Features
  • Consolidated statement for easy account balancing
  • Instant access to cash through a overdraft secured against your time deposit
  • View Interest Rates

Eligibility

    • Singapore Citizen / Singapore Permanent Resident / Foreigner
    • Minimum initial deposit amount of $5,000
    • Age requirement: Minimum 18 years old
  •     Documents Required
    • Mandatory supporting documents for foreigners:
      • Passport
      • Employment Pass
      • Any of the following documents:
        • Last 3 months' utility bill
        • Last 3 months' bank statement
        • Letter from the human resource department of current employer stating address
        • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
        • Telecommunications bill
        • Tenancy agreement
      • Income documents:
        • Salaried employee: current or previous month's computerised payslip from current employer (handwritten copies are not acceptable); OR latest Income Tax Notice of Assessment (if this document is faxed, please fax from the bottom end first)

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Deposit Insurance Scheme

Singapore dollar deposits deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to $50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Standard Chartered Singapore Dollar Time Deposit (1st to 31st July 2015) Promotion Terms and Conditions

  1. This Standard Chartered Singapore Dollar Time Deposit (1st to 31st July 2015) Promotion (“Promotion”) is available from 1st July 2015 to 31st July 2015 (both dates inclusive) (“Promotion Period”) to all new and existing customers of Standard Chartered Bank (Singapore) Limited (the “Bank”), who are individuals. By participating in this Promotion, you agree to be bound by these terms .
  2. Eligibility
  3. To qualify for this Promotion, you must place a minimum sum of S$25,000 in fresh funds* into either a 10-month Singapore Dollar Time Deposit or a 24-month Singapore Dollar Time Deposit Account (each a “Time Deposit”) during the Promotion Period.

  4. If you satisfy the qualifying criteria stipulated herein, you will earn the promotional interest rate of either 1.50% p.a. for the 10-Month Singapore Dollar Time Deposit or 1.75% p.a. (each a “Promotional Rate”) for the 24-Month Singapore Dollar Time Deposit on the sum you placed in the Time Deposit, subject to these terms. The Promotional Rate is only applicable if the Time Deposit is held until maturity of the tenor. The Bank reserves the right to require the forfeiture of any amount or interest awarded at the Promotional Rate or part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor.

  5. Notwithstanding Clause 3 above, if you are a Priority Banking client of the Bank, you will enjoy a preferential interest rate of 1.55% p.a. for the 10-Month Singapore Dollar Time Deposit or 1.80% p.a. (each a “Preferential Rate”) for the 24-Month Singapore Dollar Time Deposit on the sum you placed in the Time Deposit, subject to these terms. The Preferential Rate is only applicable if the Time Deposit is held until maturity of the tenor. The Bank reserves the right to require the forfeiture of any amount or interest awarded at the Preferential Rate or part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor.
  6. Any renewal upon maturity of the Time Deposit at the option of the account holder will be based on the Bank’s prevailing Singapore Dollar Time Deposit board rate for the same tenor.
  7. General
  8. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.

  9. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion, including varying the Promotional Rates and/or Preferential Rates, or to terminate, withdraw, extend or shorten the Promotion at any time at the Bank’s sole discretion, with or without prior notice or reason.

  10. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion, including the amount of interest that you are entitled to receive. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

  11. These terms are to be read in conjunction with the Bank’s Customer Terms and Current/Cheque/Savings Account and Time Deposit Terms (collectively, “Standard Terms”). If there is any inconsistency between these terms and the Standard Terms, these terms shall prevail to the extent of such inconsistency.

*Fresh funds refer to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days.


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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


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