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General Declaration

By submitting this application:

  1. I agree that this Time Deposit account is to be opened in the same name(s) and is to have the same account operating authority of the debiting account used to fund this Time Deposit account.
  2. In an instance where I am renewing an existing Time Deposit,
    1. I agree that this Time Deposit account will be renewed with the same account number, in the same name(s) and account operating authority as the existing Time Deposit account.
    2. I agree this Time Deposit account (if approved by the bank) will continue to be included in my and/or my joint accountholder’s consolidated statement as per my/our current enrolment.
  3. I wish to apply for electronic banking services in relation to this Time Deposit account.
  4. I confirm that I am not an undischarged bankrupt and no statutory demand has been served on me at the time of this application.
  5. I have read and understood, and I agree to be bound by the Customer Terms, Current/Cheque/Savings Account and Time Deposit Terms, Online Terms and Conditions, and any applicable Terms referred to in this application.

 

Notes:

  1. The interest rate for this time deposit is stated in the application and confirmation advice. If there are any inconsistencies in the interest rate stated, the interest rate on the confirmation advice will prevail.
  2. This new Time Deposit account will not be linked to your existing Consolidated Statement. However, if you are renewing a Time Deposit that is currently linked to you and/or your joint accountholder’s (where applicable) consolidated statement, your renewed Time Deposit account will continue to be included in the existing consolidated statements.
  3. If early withdrawals are made before the maturity date, the interest payable on the time deposit will be calculated and made at the discretion of the bank at the time of withdrawal. For foreign currency time deposit, penalty charges and replacement cost will apply for all premature withdrawals. Please refer to the Pricing Guide for additional information on our applicable fees and charges.

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.