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Interest Rates

Interest Rates

Singapore Dollar Deposit
Checkplus Account
Balance Tier (SGD) Interest Rate (p.a.)
0 – 9,999.99 0.25%
10,000 – & Above 0.35%
Basic Savings Account
Balance Tier (SGD) Interest Rate (p.a.)
0 & Above 0.25%
Savings Special Account
Balance Tier (SGD) Interest Rate (p.a.)
0 – 9,999.99 0.25%
10,000 – & Above 0.35%
SGD Term Deposit with effect from 21-Jun-2022
Period/Amount 5000-< 1mio
SGD Deposits Interest Rates (% p.a.)
8days-<1 month (as above) Nil
1 month 0.25%
2 months 0.25%
3 months 1.05%
6 months 1.30%
9 months 1.40%
12 months 1.60%
18 months 2.00%
24 months 2.10%
36 months 2.20%
Rates are indicative only
Rates quoted are in % p.a. and are subject to change without prior notice.

Interest rates on time deposit for 1 mio and above will be quoted on case to case basis.

Foreign Currencies
USD deposit rates with effect from 21.Jun.2022
  5,000 - < 1,000,000
Period Fixed *
1 week  
1 month 1.1000
2 month 1.5000
3 month 1.8000
6 month 2.0000
1 year 2.8000
18 month 3.0000
24 month 3.0000

* Interest rate remains fixed through out the tenor of the deposit.

 

GBP deposit rates with effect from 14.May.2020
  5,000 - 100,000 100,001 - 1,000,000
Period Fixed * Fixed *
3 month 0.0500 0.0500
6 month 0.1000 0.1000
AUD deposit rates with effect from 08.Jan.2021
  BELOW 0.1 MIO BETWEEN 0.1 MIO AND 1 MIO ABOVE 1 MIO
Period Fixed * Fixed * Fixed *
3 month 0.1000 0.1000 0.1000
6 month 0.1000 0.1000 0.1000

 

Note - Weekly rate applicable to a deposit greater than 0.5 MIO
For deposits above 5 MIO for USD / GBP or equivalent, please contact:

Niyas Abdul Ebrahim
Phone: (65) 6228 1101
Email: headcb@sbising.com