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Earn up to 0.95% p.a. interest on your SGD Time Deposit today Apply Now

Earn up to 0.95% p.a. interest on your SGD Time Deposit today

Features

Earn up to 0.95% p.a. interest on your SGD Time Deposit today

From now till 31 May 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

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 31st May 2017) Promotion Terms and Conditions 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from any existing account with Standard Chartered Bank (Singapore) Limited (the “Bank”) and funds that are not withdrawn and re-deposited within the last 30 days of opening your Time Deposit. 3Priority Banking Q2’17 Sign-Up Promotion is available until 30 Jun’17.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 https://www.sc.com/sg/terms-and-conditions/priority.

Eligibility & Documents

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:
      • Utility bill from the last 3 months
      • Bank statement from the last 3 months
      • Letter from the human resource department of current employer stating address
      • Government-issued documents stating address (e.g. IRAS, CPF, ICA)
      • Telecommunications bill from the last 3 months
      • 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)

Terms & conditions

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.