Time Deposit Board Rates (20210125) Promotion Rates. Time Deposit Board Rates (20201228). UOB fixed deposit rates (Dec 2020) UOB fixed deposit rate: Interest rate: 0.5 per cent p.a. Which you can easily beat with a well-chosen fixed deposit promotion. Next, entry point. Travel Insurance. Credit Card Loan Tax Loan Time Deposit Travel Insurance Apply. This product has been successfully added to favorite product list! Share Product Information. Send to: WhatsApp WeChat Share on WeChat. Open WeChat and click Discover. Scan the QR code and share on Moments. Email Copy Link. Singapore Savings Bond (SSB): Earn up to 0.97% p.a. In the latest bond – Apply by 23 Feb 2021. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Last updated February 2021 P3W. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond.

1. Fixed Deposit Promotion 2020 Dbs
2. Fixed Deposit Promotion In Singapore
3. Fixed Deposit Promotion 2020 July
4. Fixed Deposit Promotion 2020

Deposits have a much lower risk as compared to other volatile products. They offer a better peace of mind and a higher level of assurance that your money will always be there

Note: Terms & conditions apply for the following promotions. Be sure to read in detail before going in for it.

In a heavily summarised definition:

• Fixed / Time deposits require you to place funds (usually fresh funds) in a account for a specified amount of time
• Incremental balance promotions require you to increase your average balance of your account from a defined period with fresh funds.
• Fresh funds refer to funds transferred from accounts outside the bank. Over-the-counter or machine cash deposits are usually fine too but do take note banks may charge for large cash deposits

New promotions are added to the bottom of the list

1. Singapore Savings Bonds – Government Security; High p.a.; Min $500; Requires free CDP account; No penalty for early withdrawal; Interest payments every 6 months after issuance
2. Maybank: Earn up to 1.0% p.a. with their latest time deposit rates from 2 October 2020**BEST for funds up to $1m**
3. HSBC offers 1.10% p.a. for 24-mth Singapore Dollar Time Deposits (as of 2 Oct 2020)**BEST for funds up to $49,999**
4. Singapore Savings Bond (SSB): Earn up to 0.97% p.a. in the latest bond – Apply by 23 Feb**BEST for lowest risk deposit up to $200,000**

Last updated 7 Feb 2021. Click these links for latest Fixed Deposit or Time Deposit Promo

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Looking for the best fixed deposits in November 2020 in Singapore? If you have 50K, you should read my previous post on Where Will You Put 50K? before you jump straight into Fixed Deposits.

Fixed Deposit or Singapore Savings Bonds?

Forget about the Singapore Savings Bonds. The 1 year interest rate for December 2020 Singapore Savings Bonds has fallen as low as 0.24%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds.

The Alternatives – Short Term Endowments

I have shared many other financial instruments that is similar to what fixed deposits can offer. One good alternative is buying a short term endowment plan. Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer. Most of the short term endowment plans are on limited tranche basis.

At the point of writing, the 10th Tranche of China Taiping i-Save (1.96% for 3 years) is fully subscribed.

The Alternatives – GIGANTIC, Dash EasyEarn or Singlife

Alternatively, you can check out GIGANTIC, Dash EasyEarn or Singlife whereby there is no lock in period and they offer a higher returns as compared to fixed deposits. Personally, I have signed up a Singlife Account and Dash EasyEarn.

Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for November 2020. The current low interest rates offered by most banks remained unattractive to me.

Among the banks below, I prefer the fixed deposit from DBS given that DBS offer much higher interest rate per annum for a 12 or 18 months placement as compared to the rest of the banks.

DBS is the best fixed deposit in November 2020!

DBS Fixed Deposit (Recommended)

Fixed Deposit Promotion 2020 Dbs

Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated

For a minimum amount of S$1,000, you can perform a fixed deposit placement with DBS.

For a 12 months placement of S$10,000 at 1.15% p.a., the interest that you will receive upon maturity is S$115.

If you can afford a longer period such as 18 months, the interest rate is 1.30% p.a. which will give you $195.84 upon maturity.

I have boxed up the period and the corresponding interest rates which I find attractive.

Hong Leong Finance Deposit Promotion

Interest Rate: Up to 0.73%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated

For 12 months placement of S$20,000 at 0.73% p.a., the interest that you will receive upon maturity is S$146.00.

From now till 1st Mar 2021, you also stand a chance to win in the PayNow Monthly E-Gadget Draw when you use PayNow to deposit or pay loans with Hong Leong Finance.

MayBank Time Deposit

Interest Rate: Refer below, Minimum Placement: S$10,000, Promotion Valid Until: Not stated

For 12 months placement of S$10,000 at 0.45% p.a., the interest that you will receive upon maturity is S$45.00.

UOB Time Deposit

Interest Rate: 0.55%, Minimum Placement: S$20,000, Promotion Valid Until: 30th November 2020

UOB’s time deposit interest rate remains the same at 0.55% p.a. in November.

For 10 months placement of S$20,000 at 0.55% p.a., the interest that you will receive upon maturity is S$91.67.

OCBC Time Deposit

Interest Rate: 0.50%, Minimum Placement: S$5,000, Promotion Valid Until: 30th November 2020

OCBC’s time deposit interest rate remains the same at 0.50% p.a. in November.

For 12 months placement of S$5,000 at 0.50% p.a., the interest that you will receive upon maturity is S$25.00.

CIMB Fixed Deposit

Interest Rate: Refer below, Minimum Placement: S$5,000, Promotion Valid Until: 30th November 2020

CIMB is offering a promotional rate of 0.35% p.a. for a 3 months placement. This is 0.05% more than the norm. The minimum placement for this promotion is S$10,000. You will receive S$8.75 after 3 months upon maturity of your S$10,000 placement.

If you have S$50,000 sitting in your Fast Saver account, you can opt to put them into this fixed deposit promotion which gives you 0.35% p.a. for a 3 months lock in period since the first 50K in Fast Saver earns you 0.30% p.a.

Fixed Deposit Promotion In Singapore

Standard Chartered Bank Singapore Dollar Time Deposit

Interest Rate: 0.20% to 0.30%, Minimum Placement: S$25,000, Promotion Valid Until: 30th November 2020

For 6 months placement of S$25,000 at 0.20% p.a., the interest that you will receive upon maturity is S$25.00.

Fixed Deposit Promotion 2020 July

If you happen to be a priority banking customer, for 6 months placement of S$25,000 at 0.30% p.a., the interest that you will receive upon maturity is S$37.50.

Fixed Deposit Promotion 2020