Even better, OCBC SGD Time Deposit has a promotion available with attractive rates–consumers can earn 0.50% p.a. Making a deposit above S$20,000 may not be beneficial with current rates set to 0.05% irrespective of the tenure. But in 2021, you’d be lucky if your bank offers you anything above 2%. ","version":"sidebar"}, RealValue Credit Cards Rewards Calculator, Effective Interest vs Annual Interest Rate, Best Insurance Companies for COVID-19 Coverage, How to Pick the Best Critical Illness Insurance, Best P2P Crowdfunding Investment Platforms, Average Interest Rate for Savings Accounts, Average Interest Rate of SGD Fixed Deposits, How to Get the Best Loan for Your Small Business, Business Loans for Startups & SMEs: How to Apply, Cheapest Electricity Retailers in Singapore, A Basic Guide to Foreign Currency Fixed Deposits, Average Effective Interest Rate for Savings Accounts, 3 Ways To Prepare for Singapore Becoming a "Smart Nation", DoorDash's IPO Just Makes Uber & Airbnb Look Better, ABNB IPO: Why Airbnb Could Overtake Booking.com, 1 week, 1, 2, 3, 6, 9, 12, 18, 36, and 48 months, S$100,000 for 1 week, S$10,000 for 1 to 2 months, S $500 for 3 to 36 months, 1, 2, 3, 4, 5, 6, 8, 9, 10, 12, 13, 15, 18, 24, 36 Months, 1, 2 years (incrementally compounded, 4 times/year), 1-15 (each available separately),18, 24, 36 Months, 1-24 (each available separately), 36, 48 Months, 1, 3, 6, 9, 12, 15, 18, 24, 36, 48, 60 Months, 1-12 (each available separately),18, 24, 36, 48, 60 Months, S$5,000 for 3 & 6 months, S$25,000 for 12, 24, 36 months, S$10,000 for 1 months, S$1,000 for 2 to 36 months, 0.30% for 6 months tenor, with a minimum deposit of S$25,000 (priority banking preferential rate), 1.10% p.a.on 24-month SDG deposit (new and existing customers), with a deposit up to S$49,999, Up to 0.40% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.50% for a 10-month tenor, with a minimum deposit of S$20,000, valid until January 30, 2021, 0.60% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.75% p.a. for 24 months on fresh funds deposit of S$20,000 and up (through online form or PayNow) valid until March 1, 2021, Up to 16.88% p.a. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. Minimum: RM5,000 Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. RM10,000: RM2,000,000: 6 months: 2.35% p.a. Promo: Online Fixed Deposit Promotion Currently, you can earn an interest rate of 0.20% for 1 month tenure and 0.25% p.a. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. Please see below for further details, Board rates only, promotions are not displayed. With a minimum deposit of S$25,000 consumers can earn 0.50% p.a. In fact, deposits placed for 14 to 24 months earn 0.20% interest while 36 months will earn an impressive 0.50% p.a. ... Hong Leong Fixed Deposit Minimum Deposit . The rates of course depend on the type of insurance product selected, divided into three tiers, with the lowest being 4.88% p.a. In the first quarter, consumers will earn just 0.15% p.a. Highlights. with a S$5,000 deposit and above in 1 year. HLB FD Promotion ... 8 January 2021 to 31 March 2021: 3 months: 2.30% p.a. These promotions change every month or so and can determine just how competitive a fixed deposit investment is. This translates to an interest earnings per year of at least S$125 or S$162.50, respectively. for 6 months, 0.70% p.a. Effective Rate: 6 months: 3.90%p.a. A fixed deposit (also known as a time deposit or term deposit) is a type of investment which gives you a higher interest rate than a regular savings account. interest for a 3 months tenure. The answer depends on several factors: the deposit amount, the length of the initial deposit and the current promotions offered by the bank. Enjoy up to 0.75% p.a.with min. Hong Leong Finance Fixed Deposit offers competitive promotional rates for deposits of medium-length tenure, making it a great option if you're considering investing for about 1 year. RHB Bank. across 12 months with just S$20,000 minimum deposit. Instead, BOC Time Deposit's short-term rates, which range from 0.275% to 0.45% for tenures of 6 months and below, are a better fit to standard expectations. We've identified the best fixed deposit promotions currently on the market, clarifying key factors that may influence your decision–deposit tenure, size requirement (placement amount), and interest rate per annum. Tenors of 3 to 24 months offer a set rate of 0.30% p.a. 6 months. All designed to cater for the different needs and lifestyles of the customers. What distinguishes fixed deposits from savings accounts is the limitation on withdrawing money from the fixed deposit account. Account holders who deposit less than S$20,000 will earn from 1.10% p.a. To Combat the Covid-19 outbreak, Hong Leong Finance has rolled out Covid-19 Loan Relief Schemes to help customers to tide over difficult time. This means that if you’re offered a 1% p.a interest when you opened your fixed deposit account, and the rate falls to 0.8% p.a a few months later, the amount in your account will still continue to accrue interest at 1% p.a. Rates for shorter tenures are also below the market average. 4. If they continue on, they'll earn 0.30% in the second quarter, 0.50% in the third quarter, and 1.05% in the fourth and final quarter. We know you love savings. Promo code NEWHLB15 entitles Hong Leong Bank credit and debit card users that are first time Klook users to RM15 off with a minimum spend of RM100 on all Malaysia activities. on a 3-month time deposit with a minimum funds placement of S$30,000. if you are 55 years old or above and your placement of fixed deposit is for 12 months or above. Due to the competitive market of banking products, banks often provide promotional interest rates or bundles, such as higher interest rates on your FD if you commit to an investment or insurance product as well. Consider this if you're interested in making a 12 to 18 month long deposit. Scroll down to and click on Page 5 to see more latest Fixed Deposit Promos. Account holders can set deposits for as little as 1-2 weeks or for as long as 48 months. Check the latest fixed deposit and EFD promotion rates here! Offer Period: 1 January 2021 to 30 April 2021, Promo: 2021 Wealth and Fixed Deposit Campaign The first one, valid until 31st of December 2020, offers preferential rates of up to 16.88% p.a. Is locked hong leong bank fd promotion 2021 until it reaches maturity rm10,000 and above and your of. Strongest hong leong bank fd promotion 2021 offers, it 's far better to deposit fresh funds earns up to 0.68 % p.a to! 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