Term Deposit Account
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Term Deposit Account
- Open a term deposit from the comfort of your home (for existing account holders only)
- Attractive interest rates
- Minimum deposit as low as SGD 5,000
- Choice of tenor - 1/2/3/6/9/12/18/24/36 months. For deposits from 8 days to less than 1 month, the minimum deposit amount is SGD 500,000. For interest rates please contact us.
- Joint Account Facility
- Encashable anytime
- Demand Loan Facility
- Auto renewal
- Loan against the deposits upto 90% of the deposit amount
- Deposits are covered under SDIC upto the eligible limit
Individuals
- Individuals of the age of 21 years and above are eligible to open a Term Deposit account.
- Minors of the age of 12 years and above and below 21 years are also eligible to open and operate the account independently, in case they are Singaporeans / Permanent Residents of Singapore.
- In the case of minor children of age below 12 years, one of the parents/ legal guardian is allowed to open joint accounts in the names of the parent/legal guardian and minor child. However, the parent/legal guardian shall only be allowed to open, operate and close the account.
Non-Individuals
- Legal entities such as Corporates, Sole Proprietorships are also eligible to open the account.
- Slab interest rate depending on amount and tenure
- For the latest Interest Rates, click here
- For the latest Promotional Rates, click here
- Premature Withdrawal : Promotional rates would not apply. SGD Deposits: In case of premature withdrawal, the board rate (at the time of placement of deposit) will be accorded for completed quarters.
SBIS reserves the right to discontinue or vary this promotion or revise the interest rates or extend or withdraw the promotion without prior notice.
The Term Deposit Promotion is an independent promotion and cannot be clubbed with any other offer and/or promotion from the Bank. For standard terms and conditions governing deposit accounts, refer click here for more details.
Documents to be submitted along with the application form (originals to be produced for face to face verification)
- Singaporeans / Permanent Residents:
- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant)
- Non – Singaporeans
- Photocopy of Passport and
- Photocopy of Employment Pass / Work Permit / Dependant Pass and
- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass