If you're looking to invest a large sum of money for just a short amount of time, you might want to consider Citibank Singapore Dollar Time Deposit. Aside from the promotion, the current terms from 3 to 24 months long only require a S$1,000 minimum deposit with a board rate as high as 0.3% p.a., making it an accessible investment. Grand Senior Citizens Fixed Deposit- Grand Senior Citizens Fixed Deposit account allows the customer to enjoy an extra interest of 0.125% p.a. With ICBC SGD Fixed Deposit, however, you can access top board rates as well as market-leading promotional offers with just a S$500 minimum deposit. for 24 months tenor. For senior citizens, fixed deposit (FD) is one of the most common financial instrument to invest their money. for 2 years to less than 3 years. Earn fixed rates while enjoying the ease of managing your account online . S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. with just a S$20,000 minimum deposit for a 10 months tenure. You only lose out on the few days' interest which you can make back with the preferred rate. Only select tenures and deposit sizes are featured for reference. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. Currently, consumers can earn a respectable 0.55% p.a. Initial deposit: S$1,000 for tenures from 2 to 36 months. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. Highest fixed deposit interest rates in Singapore 2019 Bank/financial institution Min. These are quite high promotional rates compared to the current overall market, but consumers must already have a banking relationship with Maybank to qualify, and deposits must be made online (in fact, over-the-counter transactions incur fees). The senior citizens are offered an additional 0.5 per cent on the deposits by all banks. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. Another reason to consider banking with ICBC Step-Up is due to the fact that it's one of the few accounts out there that compounds interest at increments, rather than annually. on a deposit of at least S$25,000 across 6 Months, or earn a preferred rate of 0.30% p.a. The 2 year tenure compounds every 6 months, with rates of 0.30% for the first cycle, 0.55% for the second, 0.70% for the third and 0.85% for the 4th. on 3-month time deposit when purchase an insurance plan, valid until 12/31/20, Investment bundle promotion, with a minimum investment amount of S$50,000 , receive 3 months p.a. Consider this if you're seeking a deposit tenure of 4–5 years. Consider this if you're interested in a long tenure for a medium deposit. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). 1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months, S$100,000 for 1 week, S$10,000 for 1 to 2 months, S $500 for 3 to 36 months, 1, 2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 15, 18, 24, 36 Months, 1, 2 years (incrementally compounded, 4 times/year), 1-15 (each available separately),18, 24, 36 Months, 1-24 (each available separately), 36, 48 Months, 1, 3, 6, 9, 12, 15, 18, 24, 36, 48, 60 Months, 1-12 (each available separately),18, 24, 36, 48, 60 Months, S$5,000 for 3 & 6 months, S$25,000 for 12, 24, 36 months, S$10,000 for 1 months, S$1,000 for 2 to 36 months, 0.30% for 6 months tenor, with a minimum deposit of S$25,000 ( priority banking preferential rate), 0.30% p.a.on 3-month SDG deposit (new and existing customers), valid 11/01-11/31, Up to 0.50% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.55% for a 10 months tenor, with a minimum deposit of S$20,000, valid until 11/30/2020, 0.75% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.70% p.a. RM 1,000 to RM 5,000 *RM 5,000 (for 1 month) ... For all individuals with a Maybank account. ICBC Step-Up Fixed Deposit is currently offering two promotions to all customers with fresh funds fixed deposit placement in SGD, one for 12 months and the other for 24 months tenor. Please fill in the following details and we will be in touch to assist you with your application. With minimum deposit of S$50,001 in 24-month Maybank iSAVvy Time Deposit. Tenure Interest Rate (% p.a.) Other banks' promotions often boost rates for medium size deposits of 6 to 12 month tenure, which can compromise DBS SGD Time Deposit's competitiveness in this range. Usually, fixed deposit interest rates for senior citizens is higher in comparison to the regular depositors. Best Senior Savings Accounts in Malaysia 2021 Secure your Golden Years with a savings account that's been designed for the over 50s, that not only gives you great interest rates, but also discounts on insurance and takaful products. Under the multi-tiered system, interest/dividend rates will be calculated daily and credited monthly. if you pledge S$50,000, you will have a S$50,000 credit limit). Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. If you are looking for more flexibility regarding your investment, then a savings account might be the right choice for you. For 18 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. The second promotion applies to a 24 month tenor, and interest is compounded every six months at 0.4%, 0.8% during the first year and 1.3% and 2.1% during the second, with a minimum deposit of S$5,000. With a current promotion, consumers receive 0.20% p.a. (online iSAVvy) CIMB $10,000 1.85% p.a. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. Joint Account. In addition, if investing for longer than 2 months, the minimum deposit is only S$500, making these rates far more competitive compared to the market standard. Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. These rates are reasonably competitive with other promotions currently on the market. Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. Under the Bundle Promotion, current account holders who make a minimum deposit of S$50,000 with Citi for a tenure of 3 months earn between 1.00% and 2.00% p.a. (online only, expires 31 Oct) ICBC $20,000 1.85% p.a. While it currently does not offer any promotional rates, Maybank Singapore Dollar Time Deposit still offers some of the most accessible high board rates for very long-tenure deposits. You will also have to agree on the length of your investment, called tenor or tenure, and the interest rate that will be paid upon maturity. In the first quarter, consumers will earn just 0.25% p.a. across 12 months with just S$20,000 minimum deposit. Beyond its promotion, Citibank's Time Deposit offers a broad range of tenures and rates fairly consistent regardless of deposit size. If you are looking for a low-risk investment with a guaranteed rate of return, then it is a good investment. If you have a very specific deposit tenure in mind, it's definitely worth considering OCBC SGD Time Deposit. Below to find your best fixed deposit account options, consider our guide one of the interest... Credited into your Maybank Privilege maybank fixed deposit rate for senior citizen savings account savings too deposit receipt: RM10,000 per fixed deposit:. Deposit with greater flexibility for withdrawal place S $ 25,000 account for senior citizens mostly a... 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