For most banks, retirees are eligible for secured credit cards only, meaning that you will need to have a minimum amount of fixed deposit with them in order to qualify. FIND OUT MORE : Deposit online and earn 1.75% p.a. The senior citizen FDs get the best FD rates in bank or every leading financial institution in India offers attractive FD interest rates for senior citizens. Maximum FD interest rate for senior citizens: 5.90% p.a. . Specifically designed to meet the financial needs of people from age 50 and above, retirees or those who plan for early retirement, Golden Savers Accounts offers more free services and discounted rates on products that tend to be of greatest interest to seniors. Sing Finance's fd rate for senior citizens is still 1% for 12 months. Range of interest rates for senior citizens: 2.50% p.a. Tenures and deposit size ranges are nested where overlap occurs, Board rates only, promotions are not displayed. Joint Account.
ICBC offers promotional rates for 1,3,6, and 9 month tenors as well, which is far more flexible than any other banks' promotional schema. for a 36-month tenure–without even factoring in a promotion. Customers of Maybank Fixed Deposit-i who are 55 years old or above will enjoy 0.25% p.a. The second promotion, valid from 1 to 30 November 2020, offers a promotional rate for both new and existing HSBC Premier and Personal Banking Customers of 0.3% p.a. I was certainly not aware of this, and at 10.5% for 8 years – Canara Bank is offering the best interest rate to senior citizens right now.. for 2 years to less than 3 years. There's also only a S$5,000 minimum deposit requirement. Few other banks offer such range. ICBC offers some of the best fixed deposit interest rates on the market, both in terms of promotional and board rates. (online only) 11 more rows Which bank is best for … Only select tenures and deposit sizes are featured for reference. If they continue on, they'll earn 0.30% in the second quarter, 0.65% in the third quarter, and 1.20% in the fourth and final quarter. Our site may not feature every company or financial product available on the market. above the prevailing profit rates. Consider this if you're interested in a large, short-term deposit. They prefer to invest a large amount of their money in bank FDs because the principal investment amount is considered safer as compared to investments in equity and the former also offers assured return in the form of interest income. Only select tenors and deposit sizes are featured for reference, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. on investment saes charge of 2% and above, Rates up to 0.68% p.a. For every S$1,000 deposited in your savings account, you can place S$10,000 in Maybank Singapore Dollar Time Deposit. 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. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. These high rates make HLF Fixed Deposits a strong option for those investing for at least 12 months with board rates ranging from 0.25% for deposits of up to S$50,000, to 0.5% for deposits above S$50,000. above the interest rates for a … We've identified the best fixed deposit promotions currently on the market, clarifying key factors that may influence your decision–deposit tenure, size requirement (placement amount), and interest rate per annum. Highest fixed deposit interest rates in Singapore 2019 Bank/financial institution Min. 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. Even if you are not a low-baller, this makes an attractive rate for general savings too. Consider this if you're seeking top promotional rates for as little as S$500 deposit. for 9 months and 0.75% for a 12-month tenure. 0.20% for 6 months tenor, with a minimum deposit of S$25,000, 0.35% for 3 months tenor, with a minimum deposit of S$10,000, 0.75% for 12 months tenor with a minimum deposit of S$20,000, Best Fixed Deposit Rates & Promotions in SG, Jan 2021.
If you select an investment that has a higher investment sales charge (2% and up), you can earn 2% p.a. Consider this if you're open to or already have a savings account with Maybank. Consider this if you're familiar with online banking and want a longer tenure. The best method to maximise your earnings is to watch out for Citi's excellent promotions and take advantage whenever possible. Documents Requirement for Singapore Citizens or Permanent Residents. Given that a 5 year deposit earns 0.95% interest without even factoring in a promotion, this is a great option for those seeking long-term placements. for 18 months when renew/deposit fresh funds of S$20,000 and up (through online form or PayNow), Up to 16.88% p.a. The rates of course depend on the type of insurance product selected, divided into three tiers, with the lowest being 4.88% p.a. All rights reserved. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. Salary crediting or recurring monthly deposit of S$15,000 will earn a S$100 cash credit, S$200,000 will come with a S$200 cash credit and a deposit or investment of S$200,000 will come with a S$500 cash credit reward. For all FDs maturing in 701 days to 3652 Days, you will get 7.75%. If you are looking for more flexibility regarding your investment, then a savings account might be the right choice for you. above the prevailing 15 months PLUS Fixed Deposit interest rates: Interest Payment Method Maybank has enhanced banking for seniors with its two new savings accounts namely Golden Savers Account and Golden Savers Account-i. Accounts can be opened either on a personal or joint basis with a maximum of four accountholders. Rates. However, given the accessibility and high rates of the promotional offers, it's far better to deposit fresh funds when possible. The interest will be credited into your Maybank Privilege Plus Savings Account. Investment options better than bank fixed deposits for senior citizens. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.5%, 1.7%, 1.9% and 2.10% for quarters 1, 2, 3 and 4 respectively. Via E- Banking: 0.65%: 10 months: UOB Bank SGD Fixed Deposit Promotional Interest Rate: 0.55%: 12 months: Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate. eFixed Deposit. Consumers receive up to 1.00% interest for deposits of 36 month tenor, though there's a S$25,000 minimum deposit requirement for tenors longer than 12 months. Rates do increase slightly for investments above S$100,000 to 0.35% p.a., as well as for longer tenures, though consumers making very large deposits across long tenures can achieve higher rates elsewhere. 1.65. across 12 months with just S$20,000 minimum deposit. Tenure Interest Rate (% p.a.) on a 3-month time deposit when you purchase an insurance plan. In return, you receive a higher interest rate on a fixed deposit than you would on your savings account. 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. The 12 months tenor offers promotional compound interest of 1.5%, 1.7%, 1.9% and 2.1% for each quarter, 1-4 respectively, with a minimum deposit of S$5,000. It also offers an attractive 3.90% interest rate per annum for a tenure of 12 months. 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. The ability to make a big deposit is also key to accessing the Maybank iSAVvy promotion. Best Standard Chartered Domestic FD Rates: Below Rs.2 Crore Citi's current promotional rates are clearly amongst the highest on the market, though they have amongst the highest required minimum deposits to qualify. ... BSN Term Deposit/-i Senior Citizen Account. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. interest of 1% for investment sales charge between 1%-2%, or 2% p.a. You can choose a bank to invest a certain amount of money with, called a deposit. Consider this if you want to make a deposit with greater flexibility for withdrawal. If you have a very specific deposit tenure in mind, it's definitely worth considering OCBC SGD Time Deposit. 1.50. 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. Consider this if you're interested in a long tenure for a medium deposit. RM30,000 per fixed deposit receipt: RM10,000 per fixed deposit receipt: Interest Rate: 0.1% p.a. There is currently no fixed deposit promotional rate for Maybank Fixed Deposits. The first one, valid until 31st of December 2020, offers preferential rates of up to 16.88% p.a. Highest fixed deposit interest rates in Singapore 2019 Bank/financial institution Min. ICBC's board rates apply to non-fresh funds, or those transferred from an existing ICBC account (rather than deposited from an outside source). FIND OUT MORE In fact, board rates from 1 to 12 months range from 0.05% to 0.25%, but a 24 month tenure earns an impressive 1.10% p.a. If you are looking for a low-risk investment with a guaranteed rate of return, then it is a good investment. Maybank Launches Golden Savers Account for Senior Citizens. Investment Returns RM 170.00. Standard Chartered Singapore Dollar Time Deposit stands out as one of the only accounts offering both promotion rates as well as particularly long tenure options. Nonetheless, Citibank's Time Deposit board rates are much lower than the market standard, ranging from 0.05%–0.10%. Apply Now. For a 1 year tenure, interest is compounded quarterly, or every 3 months. If you prefer to hold a passbook for your savings account, the initial deposit is higher, which is RM500. Highlights >
Find the Best Fixed Deposit Rates in Malaysia. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.5%, 1.7%, 1.9% and 2.10% for quarters 1, 2, 3 and 4 respectively. We'll help you make informed decisions on everything from choosing a job to saving on your family activities. Specifically designed to meet the financial needs of people from age 50 and above, retirees or those who plan for early retirement, Golden Savers Accounts offers more free services and discounted rates on products that tend to be of greatest interest to seniors. In fact, with just S$1,000 minimum deposit, consumers can earn a market-leading 1.00% p.a. 1 month. on their deposit. Our partners cannot pay us to guarantee favorable reviews of their products or services. UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50,000) sized deposits with longer tenures, and also comes with an attractive promotion. 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. There is variation by tenure, with longer terms earning higher interest, but these long-term rates aren't competitive compared to market standards. NRIC. Also, you have to maintain a minimum amount of RM30,000 in the account to avoid CIMB from closing your account. What interest rates can you expect from us? on a deposit of at least S$25,000 across 6 Months, or earn a preferred rate of 0.30% p.a. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Don't be a victim of email or SMS fraud! Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. Maybank has enhanced banking for seniors with its two new savings accounts namely Golden Savers Account and Golden Savers Account-i. Consider this if you're making a small deposit of medium to long-tenure. While there are no promotions currently offered, if you're already a Maybank customer and feel comfortable with online banking, your long-term deposit could earn a great deal through Maybank iSAVvy Time Deposit. Sole Proprietor. (online only, expires 31 Oct) ICBC $20,000 1.85% p.a. for 12 months when renew/deposit fresh funds of S$20,000 and up (through online form or PayNow). for 24 months tenor. on their investment. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. So, instead of screen capturing those interest rates, we’ve collected the exact links too you can view a real-time interest rate at the top banks in Singapore. In the first quarter, consumers will earn just 0.25% p.a. DBS SGD Time Deposit does not always have promotional offers. Overdue Fixed Deposit (3 to 36 months) will be paid on the then prevailing Board Rate for completed quarter(s) or cycle(s). Every bank has different tiered rates and more often than not these offers change frequently. (b) your placement of fixed deposit is for 12 months or above Minimum placement sum for 1 or 2 months deposit is S$10,000, and for the longer terms is S$500. ... Maybank Fixed Deposit Account Minimum Deposit . (with $2,000 deposit in current/savings account) Maybank $50,001 2% p.a. Making a deposit above S$20,000 may not be beneficial with current rates set to 0.05% irrespective of the tenure. Rahul just left a comment answering another reader about the best fixed deposit interest rate available for senior citizens right now.. However, SC SGD Time Deposits at board rates are also worth considering, especially if you're looking to deposit funds for a prolonged period of time.
Consider this if you're open to an HSBC Advance banking relationship. We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. Consider this if you're interested in making a 12 to 18 month long deposit. Bear in mind that the credit limit will mirror the amount of fixed deposit you place with the bank (i.e. The current highest fixed deposit rate is a Maybank board rate The current Money Lobang National Average Fixed Deposit Rates for December 2020 is 0.52% p.a. Score up to 1.60% p.a. Rates of interest available for the general public: 2.50% p.a. A fixed deposit (also known as a time deposit or term deposit) is a type of investment which gives you a higher interest rate than a regular savings account. The fixed deposit with the highest interest we could find was the Affin Bank Term Deposit-i at a rate of 4.%, while the lowest interest rate was the Citibank Time Deposit at a rate of 2.85%. The answer depends on several factors: the deposit amount, the length of the initial deposit and the current promotions offered by the bank. and up, for 3 months tenure. With a minimum deposit of S$25,000 consumers can earn 0.50% p.a. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. Consider this if you're seeking a deposit tenure of 4–5 years. Consumers with an HSBC Premier banking relationship have access to top interest rates with HSBC Premier SGD Time Deposit. with just a S$20,000 minimum deposit for a 10 months tenure. (online iSAVvy) CIMB $10,000 1.85% p.a. With ICBC Step-Up Fixed Deposit, interest is earned in cycles, and won't be forfeited if you keep your deposit until the end of that cycle. Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. Maybank has three fixed deposit account options, although they are quite similar to each other. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. For senior citizens, fixed deposit (FD) is one of the most common financial instrument to invest their money. While Golden Savers Account is available through conventional banking, Golden Savers Account-i is based on the Shariah principle of Mudharabah (profit sharing) with a minimum deposit of RM1,000. 6 months. (online iSAVvy) CIMB $10,000 1.85% p.a. You only lose out on the few days' interest which you can make back with the preferred rate. As a result, UOB Singapore Dollar Fixed Deposit stands out as a top pick for investments within this space. This account is also especially competitive, as mentioned, for long-term tenures with small-to-moderate deposits. The bank offers 8.5% on deposits of 700 days. to 1.30% p.a. For 18 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. 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. 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. 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). This translates to an interest earnings of at least S$136 and S$140. As you can see, there is a wide difference between the lowest and highest interest rates offered in Malaysia. In fact, no other bank provides access to promotions for less than S$10,000 minimum investment, and most require S$20,000. Please fill in the following details and we will be in touch to assist you with your application. Beyond its promotion, Citibank's Time Deposit offers a broad range of tenures and rates fairly consistent regardless of deposit size. on a 3-month time deposit with a minimum funds placement of S$30,000. deposit amount Promotional interest rate Maybank $20,000 2.10% p.a. What distinguishes fixed deposits from savings accounts is the limitation on withdrawing money from the fixed deposit account. 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. As a result, small deposits (as little as S$1,000) of moderately long tenure are best situated to provide competitive gains to account holders. Currently, consumers can earn a respectable 0.55% p.a. Unlike a savings account, you cannot withdraw a fixed deposit before the date of maturity. For a more detailed analysis of the best options, consider our guide. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. That depends. S$10,000 for 1-month tenure and Choice Date with flexible tenure. As mentioned, this account is only open to consumers with an Advance banking relationship, which also comes with a preferential savings rate and one of the best flat rebate credit cards on the market. Initial deposit: S$1,000 for tenures from 2 to 36 months. Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. In your case, just go to the bank, they will close the auto renewed acc and open another one with the preferred rate from current date. for tenures between 10–18 months. ICBC Step-Up Fixed Deposit offers two tenure options: 1 or 2 years. Fixed deposit accounts are a low-risk form of investment that allow consumers to earn interest on funds placed with the bank for a predetermined–or fixed–amount of time. 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. Consider this if you have a very specific deposit tenure in mind. to 5.90% p.a. In other words, this is one of the few accounts where tenure can be set for unique terms such as 4, 7, 13 months or others. For deposits maturing in one year to 699 days, the interest is 8.25%.
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. Use the calculator below to find your best fixed deposit and apply for free! Consider this if you're able to maintain a large savings balance or have a sizeable property loan. Maybank fixed deposit promotions Maybank is running promotions on its $20,000 and $50,000 time deposits. in Singapore Dollar Time Deposit. These rates are reasonably competitive with other promotions currently on the market. Maybank Fixed Deposit Rates Minimum Amount For Deposit-i: = S$10,000 (12 months tenure) = S$25,000 (3 and 6 months tenure) Qualifying Criterias of Maybank Fixed Deposit-i Rates: * Individuals only * Fresh funds only. Earn fixed rates while enjoying the ease of managing your account online . Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. The reason is the highest FD interest rate. Fixed deposit interest rates can change dramatically with promotional offers, which can make it difficult to keep up with the best rates currently available. When you open a fixed deposit account, you agree to deposit money into an account at a financial institution for a fixed time period and interest rate. OCBC MYR Fixed Deposit Minimum Deposit . if they're a Priority Banking client. Board rates also do not change according to deposit size, which isn't always the case; some other banks heavily favor larger deposits. What are the documents I need to open an account? Maybank SGD Fixed Deposit Interest Rate : 0.55%: 9 months: ICBC Bank SGD Fixed Deposit Interest Rate. Under the multi-tiered system, interest/dividend rates will be calculated daily and credited monthly. 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. Consider this if you're planning to opt for a long-tenure deposit. By: ... upon fixed income, especially senior citizens and ... years with the rate of interest fixed at 7.4% p.a. to 5.40% p.a. Consumers can make deposits for as long as 2, 3, 4, and even 5 years (60 months)–most banks limit deposits to 2 or 3 years at the most. If you're open to considering an Advance banking account with HSBC, you'll have access to great interest rates and promotions with HSBC Advance Time Deposit. Nonetheless, its interest rates for moderately long deposits are notably above the industry average. Home >
Edited August 18, 2020 by Fitvip This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits. RM 0. The fact that the minimum requirement is so low and the interest rate is so high makes Maybank SGD Time Deposit the best option for those with small deposits looking for a long-term investment, considering the deposit board rates alone. In terms of ICBC's current promotions, depositing at least S$500 in fresh funds earns up to 0.75% p.a. This means, at the very least, account holders are set to earn an incredible S$125 in interest. The 10 year fixed deposit rates of top 10 banks is provided below: With a current promotion valid for the month of November, you get rates as high as 0.35% p.a. With minimum deposit of S$50,001 in 24-month Maybank iSAVvy Time Deposit. Interest Rate (p.a) 1.70%. 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. 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. for 12 months tenor or 0.65% p.a. These accounts mostly differ only in their accessibility and whether they are deemed halal for Muslim customers. That is why interest rates on fixed deposits tend to be higher than on savings accounts. You can also make over-the-counter deposits for fresh funds for this promotion, although rates are 0.05% lower than via e-Banking for each tenor. Rates for shorter tenures are also below the market average. The interest rates on fixed deposit depend on the amount of deposit, tenure and the category of the depositor. ValuePenguin is not in control of, or in any way affiliated with, the content displayed on this website. The site does not review or include all companies or all available products. Meanwhile, you are required to pay RM250 for your CIMB senior savings account. We monitor all fixed deposit promotions across Singapore on a weekly basis to ensure you can select the best option for your current needs. 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. 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. Only select tenures and deposit sizes are featured for reference, Board rates only, promotions are not displayed. It's worth mentioning that this account is a bit challenging to qualify for (consumers must maintain a S$200,000 balance, S$15,000 monthly salary credit, or have a property loan of at least S$800,000). Competitors' corresponding rates tend to range from just 0.10% to 1.00%. Overall, HSBC Advance Time Deposit is fairly accessible, with just an S$5,000 minimum to place a deposit of any tenure at standard rates. It's worth mentioning that most banks only offer promotions at milestone tenures (3, 6, 9, or 12 months), so this is a remarkable fit if 10 months is closer to your desired length. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. deposit amount Promotional interest rate Maybank $20,000 2.10% p.a. Bank of China SGD Time Deposit offers board rates for tenures of 1 to 36 months, which only slightly vary according to deposit size. Your money is locked in until it reaches maturity. While many banks only offer deposits with milestone tenures (3, 6, or 12 months for example), OCBC FD allows consumers to select tenure by the month. These promotions change every month or so and can determine just how competitive a fixed deposit investment is. 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. 2 months. In fact, consumers can earn up to 0.68% p.a. for 12 months tenure and 0.70% p.a. In fact, deposits placed for 14 to 36 months earn 1.15% interest; consumers looking to invest less than S$50,000 will have a hard time finding higher rates elsewhere. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). (with $2,000 deposit in current/savings account) Maybank $50,001 2% p.a. Promotions with highest interest rates shown; lower rates available for shorter tenures and/or smaller deposit placement amounts. Terms & Conditions | Security | e-Banking Charter | myCareer | © 2018 Malayan Banking Berhad (Company No, 3813-K). Longer tenures – of up to 60 months – offer interest rates of up to 4.15%. Reach our internet banking fraud hotline at +603-5891 4744. BTS Fever and Big Hit Entertainment: Does K-pop Band BTS Beat Other Global Musicians? This translates to an interest earnings per year of at least S$125 or S$162.50, respectively. They're one of the easiest forms of investing as you simply make your deposit, wait for the set period of time, and then reclaim your funds plus interest. These rates are more competitive than some alternatives, ranging from as little as 0.25% up to 0.80% depending on deposit size and tenure. Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. : below Rs.2 Crore highest fixed deposit receipt: RM10,000 per fixed deposit interest:... 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Method to maximise your earnings is to watch out for Citi 's excellent promotions and take whenever... Of research you with your application a bank to invest a certain amount of money with, the deposit... Has a promotion available with attractive rates–consumers can earn a market-leading 1.00 % a. To investing their hard-earned money, senior citizens is still 1 % for a 1-week,... ' corresponding rates tend to be higher than on savings accounts namely Golden Savers Account-i tiered! Considering OCBC SGD Time deposit with a maximum of four accountholders quarterly, or any. In Maybank Singapore Dollar fixed deposit than you would on your savings account, you receive higher... First one, valid until 31st of December 2020, offers preferential rates of the offers that appear this... %: 9 months and 0.75 % for a 1-week tenure, interest rates ;... 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Financial product available on the market, both in terms of the best fixed deposit stands out as result. Subsequent cycle a tenure of 4–5 years per year of at least $.