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Time Deposits

Singapore Dollar Time Deposit

Earn higher interest and enjoy the convenience of overdraft facilities secured against your deposit placement.


  • Attractive interest rates
  • Round-the-clock service with Online and Mobile Banking
  • Select from Fixed tenure or Choice date with flexible tenures
  • Access overdraft facilities secured against your deposit

Interest rate

Fixed tenure

View our Board Rate


Choice date

Choice Date period
Interest rate applicable
30 to 59 days
1 month board rate
60 to 89 days
2 month board rate
90 to 179 days
3 month board rate
180 to 269 days
6 month board rate
270 to 359 days
9 month board rate
360 to 539 days
12 month board rate
540 to 719 days
18 month board rate
720 to 999 days
24 month board rate


  • Minimum age: 16 years old
  • Initial deposit:
    • S$1,000 for tenures from 2 to 36 months
    • S$10,000 for 1-month tenure and Choice Date with flexible tenure
    • S$1,000,000 for a 1-week tenure, applicable only to corporate accounts


Documents Requirement for Singapore Citizens or Permanent Residents

  • NRIC


Documents Requirement for Foreigners

  • Passport
  • Employment Pass
  • Proof of Mailing Address (i.e. Utility/Telco bills or Bank statement from another bank in Singapore, where the name must be the same as your Passport and Employment Pass)

Fees and Charges

DescriptionFees and Charges


Click here to view other applicable Bank charges for our services

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  • Premature withdrawal of less than 3 months - No interest will be paid
  • Premature withdrawal of more than 3 months - The interest is pro-rated based on the number of days the Time Deposit is placed, calculated on the lowest tier of the prevailing Savings Account rate at time of withdrawal or the contracted rate, whichever is lower.

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. 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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.