Fixed Deposit Promotion
RHB Fixed Deposit Interest Rate
Fixed Deposit Promotion 2021
Jan 04, 2020 While searching for Chinese New Year fixed deposit promotions, I found a promotion from OCBC that gives you vouchers instead of cash for a 6 month locked in period. The interest rate is 1.70% p.a. If you compare the value of the vouchers against cash. You can read more about it below. List of Fixed Deposit sale events, promotions, price list and other happenings in Singapore. Last updated March 2021 P3W5D Past Event. Earn returns with a minimum sum of $500 in the latest Singapore Savings Bond. OCBC: Earn up to 0.50% p.a. With 12 mths time deposit from 5.
- 1 month tenure – minimum deposit placement of RM5,000
- 2 months tenure and above – minimum deposit placement of RM500
Public Bank Fixed Deposit Malaysia Board Rate
| Tenure(Months) | BOARD RATES % (p.a.) |
| 1 mths | 1.65% |
| 2 mths | 1.65% |
| 3 to 5 mth | 1.70% |
| 6 mths | 1.80% |
| 7 to 11 mth | 1.80% |
| 12 mths | 1.85% |
| 13 to 60 mths | Negotiable |
Check Out Singapore Fixed Deposit
Check Out Malaysia Fixed Deposit
RHB Bank FIXED DEPOSIT PROMOTION : Link
Term Deposit Offer via Over-The-Counter/ e-Term Deposit Offer via FPX
Start Date :22 Sep 2020
End Date :31 OCT 2020
Fixed Deposit Promotion 2021 Malaysia
Tenure : 6 Months (2.35%) 12 Months (2.45%)
Minimum Placement Amount : Rm 10,000
Looking for the best fixed deposits in July 2020 in Singapore? There are varying fixed deposit promotions in terms of interest rates, tenure period offered by the banks in July 2020.
The 1 year interest rate for August 2020 Singapore Savings Bonds has fallen as low as 0.27%, thus any of the fixed deposits promotion below will beat the Singapore Savings Bonds.
I have shared many other financial instruments that is similar to what fixed deposits can offer. One good alternative is buying an endowment plan. The latest one is NTUC Income Gro Capital Ease which offers you a guaranteed return of 1.85% per annum over 2 years.
Endowment plans guarantee your capital upon maturity which is similar to what fixed deposits offer.
In May, I have signed up for a Singlife account, which is an insurance savings plan that offers you 2.5% p.a. for up to S$10,000. The interests paid in May and June was S$18.72 and S$20.29 respectively based on a deposit of S$10,000.
I have heard of Endowus Cash Smart and FSMOne’s Auto-Sweep account that offers higher interest rates but since I have not read them in detailed, I am not going to compare against them here.
The current low interest rates offered by most banks remained unattractive to me. Nevertheless, if you still prefer traditional fixed deposits, below are the best fixed deposits promotion that I have found for July 2020. My preferred fixed deposits below is DBS given that it offers the highest interest rate per annum for a 12 month placement.
DBS Fixed Deposit
Interest Rate: Refer below, Minimum Placement: S$1,000, Promotion Valid Until: Not stated
Based on the interests rates published on 18th June 2020, the rates have been updated.
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.
MayBank iSAVvy Time Deposit
Interest Rate: 0.90% (12 months) or 1.15% (24 months), Minimum Placement: S$25,000, Promotion Valid Until: Not stated
As shared previously, MayBank had decided to do away with their traditional time deposit and replace with the iSAVvy Time Deposit.
This promotion is valid from 1st July 2020 onwards for a minimum placement amount of S$25,000 in iSAVvy Time Deposit via Maybank Mobile/Online Banking (for individuals only).
For a 12 months placement of S$25,000 at 0.90% p.a., the interest that you will receive upon maturity is S$225.
For a 24 months placement of S$25,000 at 1.15% p.a., the interest that you will receive upon maturity is S$578.31.
Hong Leong Finance Deposit Promotion
Interest Rate: Up to 0.65%, Minimum Placement: S$20,000, Promotion Valid Until: Not stated
For 8 months placement of S$20,000 at 0.60% p.a., the interest that you will receive upon maturity is S$80.00.
| Deposit Amount | 3 month | 8 month |
| S$20,000 to < S$100,000 | 0.35% | 0.60% |
| S$100,000 and above | 0.40% | 0.65% |
UOB Time Deposit
Interest Rate: 0.90%, Minimum Placement: S$20,000, Promotion Valid Until: 30th July 2020
There is no changes to the fixed deposit promotion offered by UOB. The interest rate remains the same as June.
Fixed Deposit Promotion Forum
For 10 months placement of S$20,000 at 0.90% p.a., the interest that you will receive upon maturity is S$150.00.
| Minimum Placement (Fresh Funds) | Tenor | Promotional Rate |
| S$20,000 | 10 months | 0.90% p.a. |
OCBC Time Deposit
Interest Rate: 0.80%, Minimum Placement: S$5,000, Promotion Valid Until: 30th July 2020
OCBC has reduced their fixed deposit rate from 0.85% p.a. in June to 0.80% p.a. in July.
| Minimum Placement (Fresh Funds) | Tenor | Promotional Rate |
| S$5,000 | 12 months | 0.80% p.a. |
For 12 months placement of S$5,000 at 0.80% p.a., the interest that you will receive upon maturity is S$40.00.
Standard Chartered Bank Singapore Dollar Time Deposit
Interest Rate: 0.40% to 0.50%, Minimum Placement: S$25,000, Promotion Valid Until: 7th July 2020
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.
If you happen to be a priority banking customer, for 6 months placement of S$25,000 at 0.40% p.a., the interest that you will receive upon maturity is S$50.00.
| Minimum Placement | Tenure | Promotional Rate | Priority Banking Preferential Rate |
| S$25,000 | 6 months | 0.30% p.a. | 0.40% p.a. |