Open a term deposit from the comfort of your home#

Attractive interest rates

Minimum deposit as low as SGD 1000

Choice of tenor - 1/2/3/6/9/12/24/36 months*

Joint Account Facility

Encashable anytime**

Demand Loan Facility

Slab interest rate depending on amount and tenure

The interest is calculated on daily balance as on the end of the day and applied at the time of maturity.

No interest is payable on premature withdrawal, unless the deposit has run for the minimum period of 3 months or as decided by the bank from time to time for various maturities. In the event of premature withdrawal after the expiry of the minimum interest period, Interest shall be paid only for the completed quarters for which the deposit has run and no interest paid for the broken period.

Minimum period of deposit 8 days, Maximum 36 months.

Auto renewal

Loan against the deposits upto 90% of the deposit amount

Deposits are covered under SDIC upto the eligible limit

Non- face-to-face account opening for Singaporeans/ PRs

Individuals of the age of 21 years and above are eligible to open a Term Desposit account.

Minors of the age of 12 years and above and below 21 years are also eligible to open and operate the account independently, in case they are Singaporeans / Permanent Residents of Singapore.

In the case of minor children of age below 12 years, one of the parents/ legal guardian is allowed to open joint accounts in the names of the parent/legal guardian and minor child.  However, the parent/legal guardian shall only be allowed to open, operate and close the account.   

Non-Individuals

Legal entities such as Corporates, Sole Proprietorships are also eligible to open the account.