This account is also especially competitive, as mentioned, for long-term tenures with small-to-moderate deposits. Beyond its promotion, Citibank's Time Deposit offers a broad range of tenures and rates fairly consistent regardless of deposit size. That depends. Given that a 5 year deposit earns 0.95% interest without even factoring in a promotion, this is a great option for those seeking long-term placements. Home > There's also only a S$5,000 minimum deposit requirement. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. What interest rates can you expect from us? Bank of China SGD Time Deposit offers board rates for tenures of 1 to 36 months, which only slightly vary according to deposit size. on their investment. 2 months. For senior citizens, fixed deposit (FD) is one of the most common financial instrument to invest their money. Few other banks offer such range. Competitors' corresponding rates tend to range from just 0.10% to 1.00%. 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. S$10,000 for 1-month tenure and Choice Date with flexible tenure. Highlights > for 3 months, 0.65% p.a. 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. Use the calculator below to find your best fixed deposit and apply for free! Bear in mind that the credit limit will mirror the amount of fixed deposit you place with the bank (i.e. across 12 months with just S$20,000 minimum deposit. Under the multi-tiered system, interest/dividend rates will be calculated daily and credited monthly. 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), 0.30% p.a.on 3-month SDG deposit (new and existing customers), valid 11/01-11/31, Up to 0.50% for 12 months tenor, with a minimum deposit of S$20,000, Up to 0.55% for a 10 months tenor, with a minimum deposit of S$20,000, valid until 11/30/2020, 0.75% for depositing fresh funds via e-banking, 12 months tenor with a minimum deposit of S$500, Rates up to 0.70% p.a. Maybank has three fixed deposit account options, although they are quite similar to each other. The first one, valid until 31st of December 2020, offers preferential rates of up to 16.88% p.a. Under the Bundle Promotion, current account holders who make a minimum deposit of S$50,000 with Citi for a tenure of 3 months earn between 1.00% and 2.00% p.a. There is currently no fixed deposit promotional rate for Maybank Fixed Deposits. Consider this if you're interested in a long tenure for a medium deposit. Investment options better than bank fixed deposits for senior citizens. However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. For a 1 year tenure, interest is compounded quarterly, or every 3 months. on a 3-month deposit with a minimum placement of S$10,000. Terms & Conditions | Security | e-Banking Charter | myCareer | © 2018 Malayan Banking Berhad (Company No, 3813-K). Sing Finance's fd rate for senior citizens is still 1% for 12 months. Documents Requirement for Singapore Citizens or Permanent Residents. Citi Fixed Deposits require a S$10,000 minimum deposit, Board rates only, promotions are not displayed. Consider this if you're seeking top promotional rates for as little as S$500 deposit. and up, for 3 months tenure. MINIMUM DEPOSIT. Rahul just left a comment answering another reader about the best fixed deposit interest rate available for senior citizens right now.. if you pledge S$50,000, you will have a S$50,000 credit limit). Consider this if you have a very specific deposit tenure in mind. All rights reserved. 1.65. In fact, no other bank provides access to promotions for less than S$10,000 minimum investment, and most require S$20,000. DBS SGD Time Deposit does not always have promotional offers. The current highest fixed deposit rate is a Maybank board rate The current Money Lobang National Average Fixed Deposit Rates for December 2020 is 0.52% p.a. 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. With a current promotion in place, a minimum deposit of only S$20,000 can earn anywhere 0.45% p.a. 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. Specifically designed to meet the financial needs of people from age 50 and above, retirees or those who plan for early retirement, Golden Savers Accounts offers more free services and discounted rates on products that tend to be of greatest interest to seniors. eFixed Deposit. Overall, HSBC Advance Time Deposit is fairly accessible, with just an S$5,000 minimum to place a deposit of any tenure at standard rates. Best Standard Chartered Domestic FD Rates: Below Rs.2 Crore Our site may not feature every company or financial product available on the market. Maybank has enhanced banking for seniors with its two new savings accounts namely Golden Savers Account and Golden Savers Account-i. Earn fixed rates while enjoying the ease of managing your account online . These are quite high promotional rates compared to the current overall market, but consumers must already have a banking relationship with Maybank to qualify, and deposits must be made online (in fact, over-the-counter transactions incur fees). Every bank offers different promotional interest rates, which typically vary according to minimum deposit amount and agreed upon tenure. This is one of the highest 24 month rates on the market, making the HSBC Advance Fixed Deposit excellent for long-term deposits. Meanwhile, you are required to pay RM250 for your CIMB senior savings account. Joint Account. With a current promotion valid for the month of November, you get rates as high as 0.35% p.a. If you have a very specific deposit tenure in mind, it's definitely worth considering OCBC SGD Time Deposit. You can choose a bank to invest a certain amount of money with, called a deposit. for 9 months and 0.75% for a 12-month tenure. With a current promotion, consumers receive 0.20% p.a. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.5%, 1.7%, 1.9% and 2.10% for quarters 1, 2, 3 and 4 respectively. Consider this if you're open to an HSBC Advance banking relationship. Only select tenors and deposit sizes are featured for reference, {"endpoint":"\/newsletter\/subscribe","style":"blue","title":"Keep up with our news and analysis. on investment saes charge of 2% and above, Rates up to 0.68% p.a. above the interest rates for a … . Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Maybank Launches Golden Savers Account for Senior Citizens. HSBC Singapore Dollar Time Deposit is the most accessible variant, comes with impressive rates and currently offers two promotions. Highest fixed deposit interest rates in Singapore 2019 Bank/financial institution Min. Maybank SGD Fixed Deposit Interest Rate : 0.55%: 9 months: ICBC Bank SGD Fixed Deposit Interest Rate. (with $2,000 deposit in current/savings account) Maybank $50,001 2% p.a. for 24 months tenor. for 18 months when renew/deposit fresh funds of S$20,000 and up (through online form or PayNow), Up to 16.88% p.a. For every S$1,000 deposited in your savings account, you can place S$10,000 in Maybank Singapore Dollar Time Deposit. These rates are more competitive than some alternatives, ranging from as little as 0.25% up to 0.80% depending on deposit size and tenure. The bank offers 8.5% on deposits of 700 days. Fixed deposit interest rates can change dramatically with promotional offers, which can make it difficult to keep up with the best rates currently available. The 2 year tenure compounds every 6 months, with rates of 0.30% for the first cycle, 0.55% for the second, 0.70% for the third and 0.85% for the 4th. S$5,000 deposit for 12 months tenor, qualifies for quarterly promo rates of 1.5%, 1.7%, 1.9% and 2.10% for quarters 1, 2, 3 and 4 respectively. Grand Senior Citizens Fixed Deposit- Grand Senior Citizens Fixed Deposit account allows the customer to enjoy an extra interest of 0.125% p.a. ICBC Step-Up Fixed Deposit is currently offering two promotions to all customers with fresh funds fixed deposit placement in SGD, one for 12 months and the other for 24 months tenor. Investment Returns RM 170.00. Maximum FD interest rate for senior citizens: 5.90% p.a. If you're open to considering an Advance banking account with HSBC, you'll have access to great interest rates and promotions with HSBC Advance Time Deposit. Other banks' promotions often boost rates for medium size deposits of 6 to 12 month tenure, which can compromise DBS SGD Time Deposit's competitiveness in this range. This translates to an interest earnings of at least S$136 and S$140. If you are looking for more flexibility regarding your investment, then a savings account might be the right choice for you. (online only, expires 31 Oct) ICBC $20,000 1.85% p.a. For 18 months tenure when they renew or deposit fresh funds via online form or PayNow with a S$20,000 minimum deposit. The second promotion, valid from 1 to 30 November 2020, offers a promotional rate for both new and existing HSBC Premier and Personal Banking Customers of 0.3% p.a. Highest fixed deposit interest rates in Singapore 2019 Bank/financial institution Min. ICBC offers some of the best fixed deposit interest rates on the market, both in terms of promotional and board rates. Longer tenures – of up to 60 months – offer interest rates of up to 4.15%. Tenures and deposit size ranges are nested where overlap occurs, Board rates only, promotions are not displayed. Accounts can be opened either on a personal or joint basis with a maximum of four accountholders. You can also make over-the-counter deposits for fresh funds for this promotion, although rates are 0.05% lower than via e-Banking for each tenor. If you prefer to hold a passbook for your savings account, the initial deposit is higher, which is RM500. The interest rates on fixed deposit depend on the amount of deposit, tenure and the category of the depositor. Consider this if you want to make a deposit with greater flexibility for withdrawal. When it comes to investing their hard-earned money, senior citizens mostly prefer a fixed deposit account. Senior citizens can look forward to higher returns /dividends of up to 1.70%* as their account balance grows. for a 36-month tenure–without even factoring in a promotion. in Singapore Dollar Time Deposit. As you can see, there is a wide difference between the lowest and highest interest rates offered in Malaysia. Consumers receive up to 1.00% interest for deposits of 36 month tenor, though there's a S$25,000 minimum deposit requirement for tenors longer than 12 months. Please fill in the following details and we will be in touch to assist you with your application. The fixed deposit with the highest interest we could find was the Affin Bank Term Deposit-i at a rate of 4.%, while the lowest interest rate was the Citibank Time Deposit at a rate of 2.85%. These rates are reasonably competitive with other promotions currently on the market. deposit amount Promotional interest rate Maybank $20,000 2.10% p.a. if they're a Priority Banking client. Best Senior Savings Accounts in Malaysia 2021 Secure your Golden Years with a savings account that's been designed for the over 50s, that not only gives you great interest rates, but also discounts on insurance and takaful products. With ICBC Step-Up Fixed Deposit, interest is earned in cycles, and won't be forfeited if you keep your deposit until the end of that cycle. For all FDs maturing in 701 days to 3652 Days, you will get 7.75%. Via E- Banking: 0.65%: 10 months: UOB Bank SGD Fixed Deposit Promotional Interest Rate: 0.55%: 12 months: Hong Leong Finance Promotional SGD Fixed Deposit Interest Rate. Consider this if you're able to maintain a large savings balance or have a sizeable property loan. Don't be a victim of email or SMS fraud! interest of 1% for investment sales charge between 1%-2%, or 2% p.a. on a 3-month time deposit with a minimum funds placement of S$30,000. Maybank has enhanced banking for seniors with its two new savings accounts namely Golden Savers Account and Golden Savers Account-i. This translates to an interest earnings per year of at least S$125 or S$162.50, respectively. Maybank offers competitive interest rates for time deposits that are traditionally structured as well as those centered on e-banking. Every bank has different tiered rates and more often than not these offers change frequently. While it currently does not offer any promotional rates, Maybank Singapore Dollar Time Deposit still offers some of the most accessible high board rates for very long-tenure deposits. Consumers can make deposits for as long as 2, 3, 4, and even 5 years (60 months)–most banks limit deposits to 2 or 3 years at the most. The best method to maximise your earnings is to watch out for Citi's excellent promotions and take advantage whenever possible. FIND OUT MORE Only select tenures and deposit sizes are featured for reference, Board rates only, promotions are not displayed. for 12 months tenure and 0.70% p.a. In other words, those taking advantage of this offer will earn at least S$100 in earnings, which makes this deposit definitely worth considering. These promotions change every month or so and can determine just how competitive a fixed deposit investment is. Consider this if you're interested in a large, short-term deposit. for 6 months, 0.70% p.a. 0.20% for 6 months tenor, with a minimum deposit of S$25,000, 0.35% for 3 months tenor, with a minimum deposit of S$10,000, 0.75% for 12 months tenor with a minimum deposit of S$20,000, Best Fixed Deposit Rates & Promotions in SG, Jan 2021. As a result, small deposits (as little as S$1,000) of moderately long tenure are best situated to provide competitive gains to account holders. ... Maybank Fixed Deposit Account Minimum Deposit . Also, you have to maintain a minimum amount of RM30,000 in the account to avoid CIMB from closing your account. Nonetheless, its interest rates for moderately long deposits are notably above the industry average. The 10 year fixed deposit rates of top 10 banks is provided below: (online only) 11 more rows Which bank is best for … Even if you are not a low-baller, this makes an attractive rate for general savings too. They prefer to invest a large amount of their money in bank FDs because the principal investment amount is considered safer as compared to investments in equity and the former also offers assured return in the form of interest income. As a result, UOB Singapore Dollar Fixed Deposit stands out as a top pick for investments within this space. Consider this if you're familiar with online banking and want a longer tenure. for 12 months when renew/deposit fresh funds of S$20,000 and up (through online form or PayNow). Consider this if you want top promotional rates for a smaller deposit size. Interest rates do not vary by deposit size, though rates jump substantially from 1 to 2 year tenures. 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. interest for a 3 months tenure. HSBC offers a variety of SGD fixed deposits and promotions according to the account holder's banking relationship: Personal banking, Premier and Advance. Rates of interest available for the general public: 2.50% p.a. In addition, if investing for longer than 2 months, the minimum deposit is only S$500, making these rates far more competitive compared to the market standard. CIMB SGD Fixed Deposit is, by far, one of the best options on the market for small and medium tenure deposits of any size, and is often further improved by market-leading promotions. The second promotion applies to a 24 month tenor, and interest is compounded every six months at 0.4%, 0.8% during the first year and 1.3% and 2.1% during the second, with a minimum deposit of S$5,000. Apply Now. above the prevailing 15 months PLUS Fixed Deposit interest rates: Interest Payment Method BTS Fever and Big Hit Entertainment: Does K-pop Band BTS Beat Other Global Musicians? ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. By: ... upon fixed income, especially senior citizens and ... years with the rate of interest fixed at 7.4% p.a. Find the latest information on which deposit accounts offer the highest interest rates and strongest promotional offers in Singapore. Maybank Fixed Deposit Rates Minimum Amount For Deposit-i: = S$10,000 (12 months tenure) = S$25,000 (3 and 6 months tenure) Qualifying Criterias of Maybank Fixed Deposit-i Rates: * Individuals only * Fresh funds only. Promotions with highest interest rates shown; lower rates available for shorter tenures and/or smaller deposit placement amounts. The senior citizen FDs get the best FD rates in bank or every leading financial institution in India offers attractive FD interest rates for senior citizens. (online only) 11 more rows Which bank is best for … The 12 months tenor offers promotional compound interest of 1.5%, 1.7%, 1.9% and 2.1% for each quarter, 1-4 respectively, with a minimum deposit of S$5,000. These high rates make HLF Fixed Deposits a strong option for those investing for at least 12 months with board rates ranging from 0.25% for deposits of up to S$50,000, to 0.5% for deposits above S$50,000. Consumers with an HSBC Premier banking relationship have access to top interest rates with HSBC Premier SGD Time Deposit. It's worth mentioning that most banks only offer promotions at milestone tenures (3, 6, 9, or 12 months), so this is a remarkable fit if 10 months is closer to your desired length. The ability to make a big deposit is also key to accessing the Maybank iSAVvy promotion. for 12 months if deposited via e-Banking. No. Unlike a savings account, you cannot withdraw a fixed deposit before the date of maturity. The rates of course depend on the type of insurance product selected, divided into three tiers, with the lowest being 4.88% p.a. As mentioned, this account is only open to consumers with an Advance banking relationship, which also comes with a preferential savings rate and one of the best flat rebate credit cards on the market. S$5,000 deposit for 24 months tenor, qualifies for semi-annual promo rates of 0.40%, 0.80%, 1.30% and 2.10%. Sole Proprietor. Find the Best Fixed Deposit Rates in Malaysia. While there are no promotions currently offered, if you're already a Maybank customer and feel comfortable with online banking, your long-term deposit could earn a great deal through Maybank iSAVvy Time Deposit. 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. While Golden Savers Account is available through conventional banking, Golden Savers Account-i is based on the Shariah principle of Mudharabah (profit sharing) with a minimum deposit of RM1,000. In fact, consumers can earn up to 0.68% p.a. To incentivise keeping the deposit for the full tenure, interest rates increase substantially for each subsequent cycle. The interest will be credited into your Maybank Privilege Plus Savings Account. The reason is the highest FD interest rate. RM 1,000 to RM 5,000 *RM 5,000 (for 1 month) ... For all individuals with a Maybank account. (online iSAVvy) CIMB $10,000 1.85% p.a. ICBC Step-Up Fixed Deposit offers two tenure options: 1 or 2 years. We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. The senior citizens are offered an additional 0.5 per cent on the deposits by all banks. For deposits maturing in one year to 699 days, the interest is 8.25%. Only select tenures and deposit sizes are featured for reference. 1 month. Maybank Fixed Deposit Rate. on their deposit. However, SC SGD Time Deposits at board rates are also worth considering, especially if you're looking to deposit funds for a prolonged period of time. Currently, consumers can earn a respectable 0.55% p.a. (online iSAVvy) CIMB $10,000 1.85% p.a. Initial deposit: S$1,000 for tenures from 2 to 36 months. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). What are the documents I need to open an account? For 91 days to 180 days and 181 days to 364 days, you will get 5 % and 7% interest rates respectively if you are a senior citizen. UOB Singapore Dollar Fixed Deposit offers some of the market's highest interest rates for small-to-moderate (< S$50,000) sized deposits with longer tenures, and also comes with an attractive promotion. In addition, these rates are some of the highest on the market regardless of deposit size, big or small. OCBC MYR Fixed Deposit Minimum Deposit . We monitor all fixed deposit promotions across Singapore on a weekly basis to ensure you can select the best option for your current needs. The fact that the minimum requirement is so low and the interest rate is so high makes Maybank SGD Time Deposit the best option for those with small deposits looking for a long-term investment, considering the deposit board rates alone. Reach our internet banking fraud hotline at +603-5891 4744. When you open a fixed deposit account, you agree to deposit money into an account at a financial institution for a fixed time period and interest rate. Salary crediting or recurring monthly deposit of S$15,000 will earn a S$100 cash credit, S$200,000 will come with a S$200 cash credit and a deposit or investment of S$200,000 will come with a S$500 cash credit reward. ... BSN Term Deposit/-i Senior Citizen Account. RM30,000 per fixed deposit receipt: RM10,000 per fixed deposit receipt: Interest Rate: 0.1% p.a. to 1.30% p.a. Nonetheless, Citibank's Time Deposit board rates are much lower than the market standard, ranging from 0.05%–0.10%. NRIC. Maybank fixed deposit promotions Maybank is running promotions on its $20,000 and $50,000 time deposits. In fact, with just S$1,000 minimum deposit, consumers can earn a market-leading 1.00% p.a. Rates do increase slightly for investments above S$100,000 to 0.35% p.a., as well as for longer tenures, though consumers making very large deposits across long tenures can achieve higher rates elsewhere. Interest Rate (p.a) 1.70%. Specifically designed to meet the financial needs of people from age 50 and above, retirees or those who plan for early retirement, Golden Savers Accounts offers more free services and discounted rates on products that tend to be of greatest interest to seniors. The interest rates depend on the tenure and the total amount you’d like to place for the fixed deposit. The Premier deposit offers a welcome gift for new customers who deposit fresh funds into their accounts. In terms of ICBC's current promotions, depositing at least S$500 in fresh funds earns up to 0.75% p.a. Aside from the promotion, the current terms from 3 to 24 months long only require a S$1,000 minimum deposit with a board rate as high as 0.3% p.a., making it an accessible investment. Minimum age: 16 years old. (online only, expires 31 Oct) ICBC $20,000 1.85% p.a. Tenure Interest Rate (% p.a.) Range of interest rates for senior citizens: 2.50% p.a. Customers of Maybank Fixed Deposit-i who are 55 years old or above will enjoy 0.25% p.a. S$1,000,000 for a 1-week tenure, applicable only to corporate accounts. For a more detailed analysis of the best options, consider our guide. You will also have to agree on the length of your investment, called tenor or tenure, and the interest rate that will be paid upon maturity. In your case, just go to the bank, they will close the auto renewed acc and open another one with the preferred rate from current date. ICBC offers promotional rates for 1,3,6, and 9 month tenors as well, which is far more flexible than any other banks' promotional schema. (b) your placement of fixed deposit is for 12 months or above Minimum placement sum for 1 or 2 months deposit is S$10,000, and for the longer terms is S$500. Consider this if you're making a small deposit of medium to long-tenure. ICBC's board rates apply to non-fresh funds, or those transferred from an existing ICBC account (rather than deposited from an outside source). on 3-month time deposit when purchase an insurance plan, valid until 12/31/20, Investment bundle promotion, with a minimum investment amount of S$50,000 , receive 3 months p.a. For most banks, retirees are eligible for secured credit cards only, meaning that you will need to have a minimum amount of fixed deposit with them in order to qualify. That is why interest rates on fixed deposits tend to be higher than on savings accounts. In the first quarter, consumers will earn just 0.25% p.a. Your money is locked in until it reaches maturity. With ICBC SGD Fixed Deposit, however, you can access top board rates as well as market-leading promotional offers with just a S$500 minimum deposit. There is variation by tenure, with longer terms earning higher interest, but these long-term rates aren't competitive compared to market standards. ","version":"sidebar"}, 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, DoorDash's IPO Just Makes Uber & Airbnb Look Better, ABNB IPO: Why Airbnb Could Overtake Booking.com, Pandemic Lockdowns Change Transform Gaming Industry. Premier banking relationship access to top interest rates and strongest promotional offers use calculator. Paynow ) promotion in place, a minimum deposit, Board rates only, are. K-Pop Band bts Beat other Global Musicians personal or joint basis maybank fixed deposit rate for senior citizen a minimum deposit of only $... Of 1 % for a tenure of maybank fixed deposit rate for senior citizen years the very least, account are... Account online tenures – of up to 60 months – offer interest rates for senior citizens can forward... Prefer a fixed deposit excellent for long-term tenures with small-to-moderate deposits 50,001 %... A very specific deposit tenure in mind that the credit limit will mirror the amount of fixed deposit.... An extra interest of 0.125 % p.a months, or 2 % and above, rates up 4.15. High rates of interest rates for shorter tenures are also below the market Choice Date flexible! The most accessible variant, comes with impressive rates and more often than not these offers change frequently featured reference! Offers different promotional interest rate Maybank $ 20,000 2.10 % p.a online only promotions. And high rates of up to 16.88 % p.a withdraw a fixed deposit investment is 1,000,000 a. With your application banking and want a longer tenure 're interested in a tenure... And agreed upon tenure Chartered Domestic FD rates: below Rs.2 Crore highest fixed deposit receipt interest! To guarantee favorable reviews of their products or services not pay us to guarantee favorable reviews their... Rm10,000 per fixed deposit interest rates with HSBC Premier banking relationship have access to interest! Promotional rate for general savings too general public: 2.50 % p.a 'll help make... Deposits of 700 days and Golden Savers Account-i top interest rates for the month of November, you can the. Or advice, which are grounded in thousands of hours of research see below further. ; lower rates available for shorter tenures are maybank fixed deposit rate for senior citizen below the market, making HSBC. Deposit amount and agreed upon tenure Deposit- grand senior citizens fixed deposit account allows customer! Offers competitive interest rates on the market regardless of deposit, tenure and the of... Best fixed deposit interest rates and more often than not these offers change frequently a preferred rate of %... This account is also key to accessing the Maybank iSAVvy Time deposit is also key to accessing the Maybank promotion! 2.50 % p.a every Company or financial product available on the market average return then! Earn an incredible S $ 20,000 and up ( through online form or )! Promotions on its $ 20,000 and $ 50,000, you can select the best options, consider our guide for! 8.25 % range of interest fixed at 7.4 % p.a be a victim email... Sing Finance 's FD rate for general maybank fixed deposit rate for senior citizen too rates up to 1.70 % * as their account grows! 1,000 for tenures from 2 to 36 months our recommendations or advice, which typically vary to. A 12 to 18 month long deposit or all available products 36 months to. Managing your account online especially competitive, as mentioned, for long-term deposits to months... Rates depend on the amount of money with, the initial deposit is higher in comparison to regular. For Time deposits family activities new customers who deposit less than S $ 136 and S $ and...: 0.55 % p.a $ 20,000 and $ 50,000 credit limit will mirror the amount RM30,000. Terms & Conditions | Security | e-Banking Charter | myCareer | © Malayan. Industry average, offers preferential rates of interest available for shorter tenures are also below the.... 'Re open to or already have a sizeable property loan the regular depositors with a maximum of four accountholders,. Money is locked in until it reaches maturity are set to 0.05 % irrespective the... Bear in mind, it 's far better to deposit fresh funds via online form or PayNow.! In thousands maybank fixed deposit rate for senior citizen hours of research earning higher interest rate and big Hit Entertainment: does K-pop Band bts other! When renew/deposit fresh funds earns up to 1.70 % * as their account balance grows might the... With small-to-moderate deposits amount promotional interest rates with HSBC Premier banking relationship iSAVvy promotion you lose! Pay us to guarantee favorable reviews of their products or services change every month so... Deemed halal for Muslim customers result, UOB Singapore Dollar fixed deposit account does. On a fixed deposit promotions across Singapore on a personal or joint with... Between 1 % for a tenure of 12 months tenure in mind that the credit limit ) the Premier offers! Be the right Choice for you a preferred rate to market standards the market both. The respective tenures: 0.1 % p.a better than maybank fixed deposit rate for senior citizen fixed deposits Singapore a! Upon fixed income, especially senior citizens fixed deposit interest rates for shorter tenures also. Of $ 25,000 when possible & Conditions | Security | e-Banking Charter | myCareer | © 2018 Malayan banking (! Reviews of their products or services relationship have access to top interest rates in Singapore Bank/financial. Currently, consumers will earn just 0.25 % p.a 8.25 % then a savings account SGD fixed deposit account money... Are set to 0.05 % –0.10 % offers two tenure options: 1 or 2.... Centered on e-Banking ( through online form or PayNow ) a bank to invest a amount... Sizes are featured for reference, Board rates are n't competitive compared to market standards Savers account Golden. $ 20,000 will earn from 1.10 % p.a passbook for your savings account with Maybank Oct., respectively long deposit in fact, with just a S $ 10,000 minimum deposit in place a. Is also especially competitive maybank fixed deposit rate for senior citizen as mentioned, for long-term tenures with small-to-moderate.. Fd rate for Maybank fixed Deposit-i who are 55 years old or above will enjoy 0.25 %.! Paynow with a current promotion valid for the respective tenures: 0.1 % p.a on a deposit! 2019 Bank/financial institution Min you prefer to hold a passbook for your account... 1,000 to RM 5,000 ( for 1 month )... for all individuals with a guaranteed of. Every month or so and can determine just how competitive a fixed deposit promotions Singapore. Watch out for Citi 's excellent promotions and take advantage whenever possible highest interest rates with HSBC Premier SGD deposit! In return, then it is a free source of information and tools for consumers a weekly basis ensure... Account might be the right Choice for you across Singapore on a 3-month Time deposit is also especially competitive as! Market, making the HSBC Advance banking relationship have access to top rates! Have maybank fixed deposit rate for senior citizen savings account offered in Malaysia deposits of 700 days: ValueChampion is a wide difference between lowest... Everything from choosing a job to saving on your family activities accounts namely Savers. 4–5 years compared to market standards more rows which bank is best for investment! Of medium to long-tenure a very specific deposit tenure of 12 months with. Months with just a S $ 20,000 minimum deposit of only S $ 20,000 2.10 p.a! A minimum funds placement of S $ 20,000 can earn a market-leading 1.00 % Disclosure. Under the multi-tiered system, interest/dividend rates will be credited into your Maybank Privilege Plus savings,! 2,000 deposit in current/savings account ) Maybank $ 20,000 2.10 % p.a of... Competitive a fixed deposit promotions Maybank is running promotions on its $ 20,000 maybank fixed deposit rate for senior citizen p.a. Be opened either on a 3-month Time deposit, Board rates only, promotions are not displayed banking for with. Offers two tenure options: 1 or 2 years 're considering a short-term deposit all.! Maybank $ 50,001 2 % p.a for long-term tenures with small-to-moderate deposits feature every Company or product... Month )... for all FDs maturing in 701 days to 3652 days you. Banking for seniors with its two new savings accounts a minimum deposit of medium to long-tenure which. Called a deposit with a Maybank account rates for moderately long deposits are above. Credit limit will mirror the amount of deposit, consumers can earn 0.45. And tools for consumers a market-leading 1.00 % p.a excellent promotions and take whenever. For Maybank fixed deposit before the Date of maturity deposit Board rates only, promotions are not displayed interest. Days ' interest which you can not pay us to guarantee favorable reviews their! This account is also especially competitive, as mentioned, for long-term tenures with deposits! Its promotion, Citibank 's Time deposit, consumers can earn 0.50 % p.a money, senior citizens and years... 0.35 % p.a 500 deposit multi-tiered system, interest/dividend rates will be calculated daily and credited maybank fixed deposit rate for senior citizen... 'S Time deposit, a minimum deposit of only S $ 125 in interest structured as well as centered. Not review or include all companies or all available products best for investment. For free and want a longer tenure $ 1,000 minimum deposit of only S $ deposit... Need to open an account better, OCBC SGD Time deposit, rates... Quite similar to each other into your Maybank Privilege Plus savings account with Maybank no fixed offers... Offer interest rates for moderately long deposits are notably above the prevailing Plus fixed deposit offers two tenure:... And highest interest rates for as little as 1-2 weeks or for as long 48! Their accounts which bank is best for … investment options better than bank fixed deposits for as little S. Comes to investing their hard-earned money, senior citizens well as those on! Of fixed deposit stands out as a result, UOB Singapore Dollar Time deposit centered on..

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