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Standard Chartered sgd dollar time deposit exclusive promotion terms and conditions

  1. This Standard Chartered SGD Time Deposit Exclusive (30 May 2019) Promotion (“Promotion”) is available on 30 May 2019 (“Promotion Period”) to businesses attending the Bank’s event held on the same day at Wework Singapore Private Limited (such eligible businesses to be referred to as “you”), whether they are new or existing Business Banking clients of Standard Chartered Bank (Singapore) Limited (the “Bank”). By participating in this Promotion, you agree to be bound by these terms.
  2. To qualify for this Promotion, you must place a minimum sum of S$25,000 of Fresh Funds into a SGD Time Deposit Account with a tenor of twelve (12) months (a “Time Deposit”) within 30 calendar days from the Promotion Period. Your accounts (including your Time Deposit) 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.
  3. If you satisfy the eligibility requirements in clause 2 above, during the Promotion Period and up till maturity of the tenor of the Time Deposit, you will enjoy a preferential interest rate as set out in the table below (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:
CURRENCY MINIMUM PLACEMENT OF FRESH FUNDS TENOR PREFERENTIAL INTEREST RATE
SGD S$25,000 12 months 2.0% p.a.
  1. The Preferential Rate is only applicable if the Time Deposit is held by you 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.
  2. Any renewal upon maturity of the Time Deposit at the option of the account holder will be based on the Bank’s prevailing SGD Time Deposit board rate for the same tenor.
  3. “Fresh Funds” refers to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days of the opening of your Time Deposit with the Bank.

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

  1. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, extend, suspend or shorten the Promotion at any time at the Bank’s sole discretion, with or without prior notice or reason. You understand and agree to be bound by any such variation.
  2. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or about the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained (and the Bank shall not be obliged to disclose its reasons).
  3. The terms and conditions of the Promotion are to be read in conjunction with our General Business Banking Terms and Conditions, Account Terms, Standard Terms and respective Country Supplements, together with our 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.
  4. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to the Promotion, these terms and conditions shall, to the extent of such inconsistency, prevail.
  5. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap. 53B) to enforce any of the terms and conditions.
  6. These terms and conditions are governed by and shall be construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.
  7. All information is accurate at the time of publication.

Deposit Insurance Scheme
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 insured.