UOB bank is offering a 1.08% p.a. for Fixed Deposit

This news may be coming a little late, as the promotion is ending on 31 May. Nevertheless, I want to highlight that UOB is offering a 1.08% p.a. interest for a 13 month fixed deposit for Singapore Dollars. To qualify for this, you will need to bring in fresh funds of more than S$20,000.  Those who are interested can find out more at UOB branches or at their website.

Standard Chartered having a promotional rate of 1.5% p.a. for Fixed Deposit

Standard Chartered bank is having its Fixed Deposit promotion again to attract fresh funds.
This time round, it is give 1.5 % p.a. of interest for a 3-month SGD Time deposit. There as some terms and conditions as usual,

1. The maximum deposit that qualify for this promotion is S$50,000
2. It must be fresh fund and they have a new definition for this. From their website, it is stated that "Fresh funds refer to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days".

But nevertheless, this is still a good time deposit promotion and those with excess cash and who are looking for short term deposit will certainly find this attractive.


Do check it out!