Earn up to 1.15% p.a. Interest on your SGD Time Deposit today.
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Earn up to 1.15% p.a. interest on your SGD Time Deposit today.

From now till 30 April 2017, earn attractive returns1 when you deposit minimum fresh funds2 of S$25,000. Plus, receive up to S$3,000 when you start a Priority Banking relationship with us today3.

Minimum
placement
Tenor Promotional Rates Priority Banking
Preferential Rates
S$25,000 5 months 0.90% p.a 0.95% p.a
S$25,000 11 months 1.10% p.a 1.15% p.a

1The promotional interest rates are only applicable if the Time Deposit is held until the maturity of the tenor. Standard Chartered Singapore Dollar Time Deposit (1st to 30th April 2017) Promotion Terms and Conditions apply apply. 2Fresh funds refer to funds not originating from any existing account with Standard Chartered Bank (Singapore) Limited (the “Bank”) and funds that are not withdrawn and re-deposited within the last 30 days of opening your Time Deposit. 3Priority Banking Q2’17 Sign-Up Promotion is available until 30 Jun’17. To qualify, you need to be a new to bank customer and during the promotion period (i.e. before 30 Jun’17): (A) open and have at least one SGD Current/Cheque/Savings account, (B) start a Priority Banking relationship and place minimum S$200,000 (or foreign currency equivalent) of Fresh Funds in the form of Eligible Deposits and/or Eligible Investments, (C) maintain at least S$200,000 of assets under management for at least 6 months. Further you must also complete a Financial Needs Analysis (FNA) within 3 months from the date of placement of the minimum Fresh Funds amount.  When computing eligibility, the Bank will take into account only 50% of the value of Fresh Funds in the respective accounts for Time deposits, Bonus$aver deposits and e$aver deposits. Reward will be in the form of credit to one of your SGD Current/Cheque/Savings account(s), as determined by the Bank. Reward is forfeited if you fail to maintain at least one SGD Current/Cheque/Savings account. Exclusions and other conditions apply. Please visit sc.com/sg/priority-tnc.

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
    • Open and/or maintain a new/existing Standard Chartered Current/Cheque/Savings Account  (subject to applicable fees and charges, such as fall-below fees and/or account maintenance fees).
  •      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 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.

Terms and Conditions

Standard Chartered Singapore Dollar Time Deposit (1st to 30th April 2017) Promotion Terms and Conditions
  1. This Standard Chartered Singapore Dollar Time Deposit (1st to 30th April 2017) Promotion (“Promotion”) is available from 1st April 2017 to 30th April 2017 (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 be eligible for this Promotion:

    1. You must place a minimum sum of S$25,000 in Fresh funds into either a (i) 5-month Singapore Dollar Time Deposit or a (ii) 11-month Singapore Dollar Time Deposit Account (each a “Time Deposit”), with the Bank during the Promotion Period; and
    2. your accounts with the Bank must be validly existing (i.e. must not be suspended, cancelled or terminated), in good standing, and conducted in a proper and satisfactory manner at all times, as determined by the Bank in its sole and absolute discretion.

  4. “Fresh funds” refer to funds that do not originate from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days of opening your Time Deposit.

  5. If you satisfy the eligibility criteria stipulated in clause 2, you will earn the promotional interest rate of either (i) 0.90% p.a. for the 5-Month Singapore Dollar Time Deposit or (ii) 1.10% p.a. for the 11-Month Singapore Dollar Time Deposit (each a “Promotional Rate”) on the sum in Fresh funds that you had placed in the Time Deposit during the Promotion Period, 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 any part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor.

  6. If you are a Priority Banking client of the Bank during the Promotion Period and up till maturity of the tenor of the Time Deposit, you will enjoy a preferential interest rate of (i) 0.95% p.a. for the 5-Month Singapore Dollar Time Deposit or (ii) 1.15% p.a. for the 11-Month Singapore Dollar Time Deposit (each a “Preferential Rate”) on the sum in Fresh funds that you had placed in the Time Deposit during the Promotion Period, 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 any part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor or if you cease to maintain your Priority Banking status any time during the tenor of the Time Deposit.

  7. 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.
  8. General
  9. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.

  10. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, extend or shorten the Promotion at any time at the Bank’s sole and absolute discretion, without prior notice or reason (and the Bank shall not be obliged to disclose its reason).

  11. 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 your eligibility for the Gifts and/or Promotion and/or 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.

  12. The terms and conditions of the Promotion are to be read in conjunction with our Customer Terms and Current/Cheque/Savings Account and Time Deposit Terms (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Promotion, the latter shall prevail to the extent of such inconsistency.

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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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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