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  1. Accounts & Deposits
  2. Time Deposits
  3. Sustainable Time Deposit (SGD)

Sustainable Time Deposit

Time to invest in a sustainable future

Sustainable Time Deposit
  • To address long-term environmental challenges

  • Dedicated towards financing sustainable assets

  • Throughout the deposit tenure.

Thinking about contributing towards sustainable development but unsure where to start?

At Standard Chartered, we are pleased to kickstart your journey with our Sustainable Time Deposits*.

We have USD 3.9b Sustainable Assets in our Sustainable Finance Portfolio

Social

More than 1.3 million people reached through the loans we provided to microfinance institution

Environmental

738 998 tonnes of CO2 emissions avoided

Financial

Over 20,000 SME loans disbursed

Geographical

91% of our total Sustainable Finance assets are located in emerging markets. 86% of them are some of the world’s least developed countries.
Sustainable Time Deposit WED Promotion

To commemorate World Environment Day (WED), enjoy 0.45% p.a. interest1 on a 12-month SGD Sustainable Time Deposit* from 4 June 2021 to 10 June 2021 when you deposit a minimum of S$25,0002.

To pledge our commitment towards environment sustainability, we will donate S$5 to registered charity Garden City Fund3 in support of Singapore’s OneMillionTrees movement for every Sustainable Time Deposit successfully opened under this Promotion.

1 The Standard Chartered Sustainable Time Deposit WED Promotion Terms and Conditions apply.

2 You must place a minimum sum of S$25,000 in Fresh Funds or Existing Funds. “Fresh Funds” refers to funds not originating from any existing account with us and funds that are not withdrawn and re-deposited within the last 30 days of opening your Sustainable Time Deposit. “Existing Funds” refers to funds originating from a time deposit for which the tenure had recently matured in the last 60 business days prior to the start of the Promotion.

3 To commemorate World Environment Day, the Bank will donate S$5 (or such other amount as may be determined by the Bank) to one or more charity(ies) for every Sustainable Time Deposit account successfully opened during the Promotion Period. The Bank shall have sole and absolute discretion in determining the relevant charity(ies) to which it will make the donation, as well as the amount of donation.

* The placement of the SGD Sustainable Time Deposits is subject to acceptance (including any limits on placement amounts) by the Bank.

     

Click here for SGD Sustainable Time Deposit Rates

    How does Sustainable Time Deposits* work?

Sustainable Time Deposits* are fixed deposits which allow clients to have their capital referenced against sustainable loans and projects of Standard Chartered. These assets include green financing, sustainable infrastructure projects, microfinance and business banking. Read More

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The themes within our Green and Sustainable Product Framework include; COVID healthcare, sanitation, food security along with others such as renewable energy, energy efficiency, access to water and water management, sustainable infrastructure, climate change adaptation, access to finance, healthcare, education and partnerships.

In COVID healthcare, we look at financing to equip, operate and add capacity and efficiency to essential healthcare facilities.

Under renewal energy and energy generation from renewable sources, we would look to finance the generation of electricity from wind, solar, hydropower, waste to energy and geothermal.

Around the theme of education, eligible financing activities include construction of public schools and universities, the construction of student housing and training for educational professionals.

We have mapped our existing business against the SDGs to create a Green and Sustainable Product Framework that details what we as an organisation view as sustainable activities that we finance. The framework has received industry accreditation from Sustainalytics.

This framework will be reviewed independently every year to ensure that the latest developments and trends are regularly incorporated. This framework sets the basis for future sustainable products to help fund the SDGs across the Bank’s footprint markets, especially in developing markets.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not

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