Never had confidence in the Malaysian Ringgit? You may consider depositing your money into a fixed deposit with a Singapore bank. In this May, many banks have launched time deposit promotions, including RHB and CIMB, which are familiar to Malaysians.
1. RHB Singapore
RHB Singapore launches 3-month, 6-month and 12-month time deposit promotions.
Ordinary users (Personal Banking) can enjoy 3.25% p.a. for time deposits deposited for 3 months, 3.25% p.a. for 6 months and 3.00% p.a. for 12 months. Premium users (Premier Banking) can enjoy 3.30%p.a. for 3 months, 3.30%p.a. for 6 months and 3.05%p.a. for 12 months.
The minimum deposit amount for this time deposit offer is $20,000 and will be available until further notice.
2. CIMB Singapore
CIMB Bank of Singapore also offers 3-month, 6-month, 9-month and 12-month time deposit offers. This time deposit offer is divided into Personal Banking users and Preferred Banking users, the latter can enjoy higher time deposit interest rates.
In terms of Personal Banking, you can enjoy 3.25% p.a. for 3 months, 3.20% p.a. for 6 months, 3.20% for 9 months, and 2.95% for 12 months. Preferred Banking offers 3.30% p.a. for 3 months, 3.25% for 6 months, 3.25% for 9 months, and 3.00% for 12 months.
The minimum deposit amount for this time deposit offer is $10,000, and the offer is valid from May 1 to May 31, 2024. Time deposit offers can be deposited online.
3. UOB Singapore
United Overseas Bank in Singapore has launched a time deposit promotion, which offers 2.70% p.a. for 6 months and 2.60% p.a. for 10 months. The minimum deposit amount is S$10,000, which can be deposited through UOB Personal Internet Banking or UOB TMRW APP. Offer valid from May 2 to May 31, 2024.
5. Standard Chartered Singapore
Standard Chartered Bank of Singapore has launched a time deposit discount. You can enjoy 3.00% p.a. when deposited for 6 months, while the Priority Banking Preferential Rate is 3.10% p.a. and the Priority Private Banking Preferential Rate is 3.20% p.a. The minimum deposit for this offer is S$25,00 and the offer is valid from 1 May to 31 May 2024.
