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Tag: Fixed Deposits

Chinese New Year 2017 Fixed Deposit Promotion

My Sweet Retirement 5 Comments

Chinese New Year Fixed Deposit 2017

Banks usually offer higher promotional interest rates during Chinese New Year.

Standard Chartered Bank seems to be the first mover that launch its Chinese New Year 2017 Time Fixed Deposit promotion.

CIMB did not offer special interest rates for fixed deposits this year. Instead, they are giving away gift sets such as abalone and it is limited to a number of placements.

I shall update the table below when more subsequent banks introduce their Chinese New Year promotions.

2017 Fixed Deposit Promotions

Bank Interest Rate Minimum Sum Holding Period Remarks
SCB 1.15 % S$25,000 7 months
  1. Fresh funds
1.18 S$25,000 7 months
  1. Fresh funds
  2. Priority banking
1.25 % S$25,000 10 months
  1. Fresh funds
1.28 % S$25,000 10 months
  1. Fresh funds
  2. Priority banking
CIMB  1.25 %  S$38,000 12 months
  1. Fresh funds
  2. S$38,000 to below S$68,000
    1. 1 can of New Moon NZ abalone (worth S$39.80)
    2. First 388 Placements
  3. S$68,000 to below S$128,000
    1. 2 cans of New Moon NZ abalone + 1 can of New Moon Razor Clams (worth S$94.10)
    2. First 288 Placements
  4. S$128,000 to below S$288,000
    1. 4 cans of New Moon NZ abalone + 1 can of New Moon Pacific Clams (worth S$179.00)
    2. First 188 Placements
1.30 % S$100,000 12 months
  1. Fresh funds
  2. CIMB Preferred customers only
  3. S$288,000 and above
    1. 4 cans of New Moon NZ abalone + 1 can of New Moon Pacific Clams (worth S$179.00) + S$188 Ang Bao cash credit
    2. First 118 Placements

POSB Offers you 1.38 percent per annum interest but only 4 months

My Sweet Retirement 2 Comments

When I alighted at the MRT station to work, I notice there is a long queue and most of them are elderly aunties and uncles. Overhearing the conversation, I realise they are queuing up for the POSB fixed deposit promotion. If you have not heard, POSB is offering 1.38% per annum bonus interest for 4 months.

Below is referenced from POSB website. In summary, what you need to do (more…)

CIMB Bank 6 Months Fixed Deposit Promotion May 2016

My Sweet Retirement 2 Comments

CIMB Fixed Deposit Promotion May 2016

CIMB Bank is having a fixed SGD deposit promotion in the month of May. The promotion is only valid from 1st May 2016 to 31st May 2016. Enjoy 1.60% interest rate for only a 6 month tenure. Personally feel that this is pretty attractive given the short period of 6 months.

If you put S$20,000 for 6 months at an interest rate of 1.6% per annum, the interest amount you get is S$160.

12 months 6 months
S$20,000 and above 1.75 1.60
S$100,000 and above
(CIMB Preferred customers only)		 1.80 1.65

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