Enjoy attractive interest rates on our 24-month US Dollar Fixed Deposit
|Currency||Tenor||Promotional Interest Rate* (p.a.)||Minimum Deposit|
How to Apply
Walk in to any of our branches and talk to our Relationship Managers.
* Terms and Conditions Governing SBIS Term Deposit Promotion
Applicable for fresh and renewal of funds for a limited period only.
The minimum deposit amount per individual or per joint account with the same individuals is $5,000 in the currency the deposit has been placed.
Multiple deposits can be placed by the customer as long as the maximum amount per individual is less than USD 1,000,000 in the currency the deposit has been placed.
The start date of the Term Deposit will be the date the funds received by SBIS are cleared ("Start Date"). The promotional rates are only applicable from the Start Date where duly completed Account Opening Forms are received and accepted for processing by SBIS.
Auto Roll Over : Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Term Deposit Board Rate of interest at the time of renewal.
Premature Withdrawal : FCY Deposits: For premature withdrawal of deposit, interest is paid for the period it has actually run on a daily basis, at the board rate applicable for that period minus 1% penalty. If the board rate applicable is 1%, no interest is paid.
BI 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 to SBI website https://sg.statebank/home for more details.
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. 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.
Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.