Commercial Bank
Personal Banking
Credit Cards
Corporate Banking
Institutional Banking
Private Banking
Internet Banking
Featured RMB Business
 You Are Here: HOME >Commercial Bank >Personal Banking >Deposits >Fixed Deposit
Fixed Deposit
 
SGD Fixed Deposit RMB Fixed Deposit USD Fixed Deposit

1.SGD Fixed Deposit:

Minimum deposit SGD500, we offer tenors of 1 month, 3 months, 6 months, 9 months, 12 months, 13 months and 24 months.
Interest Rates as follow:
(1) SGD Fixed Deposit promotional interest rate (applicable to deposits of Fresh Funds)
Promotion is available from today till further notice.

SGD Promotion Rates
(for Fresh Funds)
Tenor SGD20k&Above
3 months 1.55%
6 months 1.85%
9 months 1.88%
1 year 1.90%
1 year (via e-Banking) 1.98%

(2) SGD Fixed Deposit interest rate (applicable to non-Fresh Funds)

Amount (SGD) 1 month 3 months 6 months 9 months 12 months 13 months 24 months
500&Above 0.30% 0.35% 0.40% 0.45% 0.50% 0.55% 0.60%
5,000&Above 0.40% 0.45% 0.50% 0.55% 0.60% 0.65% 0.70%
200,000&Above 0.50% 0.55% 0.60% 0.65% 0.70% 0.75% 0.80%

2.SGD Step-Up Fixed Deposit

The interest is calculated based on deposit amount and complete cycles. Each cycle comprise of six (6) months, interest on your deposit amount will be paid at the end of the 6th, 12th, 18th or 24th month corresponding to each cycle.For withdraw before maturity, you will be paid the full interest for completed cycle plus number of completed days in current cycle using previous cycle rate.Minimum placement amount is SGD500 with interest rates corresponding to each cycle as follows:

1) One year tenure sectional interest rate as follow:

Deposit Range 1st-3rd months 4th-6th months 7th-9th months 10th-12th months
5,000 and above 1.80% 2.00% 1.90% 2.10%

Interest calculation as follow:

Illustration of calculation of interest for fixed deposit SGD5,000 and above, held for full tenor (12 months):
Principle x 1.80% x No. of days in 1st cycle/365+ Principle x2.0% x No. of days in 2nd cycle/365+ Principle x 1.90% x No. of days in 3rd cycle/365+ Principle x 2.10% x No. of days in 4th cycle/365

2) Two year tenure sectional interest rate as follow:

Deposit Range 1st-6th months 7th-12th months 13th-18th months 18th-24th months
5,000 and Above 0.40% 0.80% 1.30% 2.10%

Interest calculation as follow:

Illustration of calculation of interest for fixed deposit SGD5,000 and above, held for full tenor (24 months):
Principle x 0.40% x No. of days in 1st cycle/365+ Principle x 0.80% x No. of days in 2nd cycle/365+ Principle x 1.30% x No. of days in 3rd cycle/365+ Principle x 2.10% x No. of days in 4th cycle/365

Other terms apply.
Note: No penalty for pre-matured withdrawal of fixed deposit , you will get paid based on prevailing current account interest rate.
“Fresh Funds” refers to funds that do not originate from any existing accounts you have with us. For example, any transfer of funds between ICBC account(s) would not be considered as fresh funds.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$ 50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


【Close】