Lastest S$ Deposit updates - Part 3

[lzydata]

1. Deposit Bundle Promotion: Placement online, via Maybank2u Online Banking, Maybank2u SG app or in branch

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.90%	2.45%
9 month	2.70%	2.25%
12 month	2.70%	2.25%

2. iSAVvy Time Deposit Promotion (Online Placement)

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.45%	2.05%
9 month	2.40%	1.90%
12 month	2.35%	1.85%

https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page?

Maybank promo rates will be cut with effect from 28 April.

 

[vsvs24]

1. Deposit Bundle Promotion: Placement online, via Maybank2u Online Banking, Maybank2u SG app or in branch

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.90%	2.45%
9 month	2.70%	2.25%
12 month	2.70%	2.25%

2. iSAVvy Time Deposit Promotion (Online Placement)

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.45%	2.05%
9 month	2.40%	1.90%
12 month	2.35%	1.85%

https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page?

Maybank promo rates will be cut with effect from 28 April.

Maybank not bad. At least give advance notice.

 

[farmers]

Oh, example you put in 50K, then nao available balance shows $0?

Mine for example total balance shows $51000
Then available balance on 23rd shows
-$50000

Im on the app, it nv show any negative transaction leh.

Only see my funding on 19th. then on top the total balance $50k, available balance = $0

Later i check on laptop.

 

[addict951]

Im on the app, it nv show any negative transaction leh.

Only see my funding on 19th. then on top the total balance $50k, available balance = $0

Later i check on laptop.

Wah heng, you got me thinking
Yours ish correct
Mine is wrong. I checked wif bank cso riao

 

[DevilPlate]

1. Deposit Bundle Promotion: Placement online, via Maybank2u Online Banking, Maybank2u SG app or in branch

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.90%	2.45%
9 month	2.70%	2.25%
12 month	2.70%	2.25%

2. iSAVvy Time Deposit Promotion (Online Placement)

Tenure	Current Promotional Rates (% p.a.)	Promotional Rates (% p.a.) W.E.F 28 April 2025
6 month	2.45%	2.05%
9 month	2.40%	1.90%
12 month	2.35%	1.85%

https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page?

Maybank promo rates will be cut with effect from 28 April.

Almost go back to 2021 level liao

 

[lzydata]

SGD Time Deposit Rate
Currency	Tenure (months)	Banking type	Promotion interest rate a year	Minimum placement amount	Apply via
Singapore Dollar	9	Branch	1.80%	S$30,000	Any OCBC Branch
	12		1.75%
Singapore Dollar	9	Online	1.90%	S$30,000	Internet Banking
	12		1.85%

https://www.ocbc.com/personal-banking/deposits/fixed-deposit-account

Not sure when but OCBC cut its offer rates again.

Tenor	Deposit Amount (Fresh Funds)	Promotional Interest rate (p.a.)
6-month	S$10,000	2.10% p.a.
10-month	S$10,000	1.90%p.a.

https://www.uob.com.sg/personal/save/fixed-deposits/singapore-dollar-fixed-deposit.page

UOB cut its 10 months offer from 23 Apr.

 

[pratik28]

Alamak, the bank rates dropping to 2ish % alr.
I missed the 2.49% 1styr recent ssb as I was in two minds,
by the time I decided to place ssb it was alr 9pm last day, too late haha.
But I guess its ok, as the amt I want to ssb was below 10k.

 

[Zubuto]

As of 28/4, HL Bank 2.6% for 6 months, min 100K.

 

[sglandscape]

Alamak, the bank rates dropping to 2ish % alr.
I missed the 2.49% 1styr recent ssb as I was in two minds,
by the time I decided to place ssb it was alr 9pm last day, too late haha.
But I guess its ok, as the amt I want to ssb was below 10k.

DBS have 2.45% for 12 months if you want to lock in 1 year but cap at 19999

 

[ckman3]

Wef 28 Apr 2025, BOC Online FD rates have dropped. Rates for 6/9/12 mths FD are now 2.4%, 2.35% and 2.35% respectively. Min amt is 0.5K.

https://www.bankofchina.com/sg/bocinfo/bi3/bi31/202504/t20250428_25337649.html

 

[pratik28]

DBS have 2.45% for 12 months if you want to lock in 1 year but cap at 19999

Ok thanks, lets see maybe tariff push inflation and ssb rates up again haha,
but timebeing no lock-in can still get around 2.5% in esaver, isavvy, gosaver, singlife!

 

[4urorax]

RHB.

IIRC, it was 4.18% about 2 years back. Now 1.20%.

 

[pratik28]

RHB.

IIRC, it was 4.18% about 2 years back. Now 1.20%.

Time for dormant a/c go to next step of a/c closure, hahaha

 

[~sabaisabai~]

RHB.

IIRC, it was 4.18% about 2 years back. Now 1.20%.

yeah, it was good once upon a time

 

[DevilPlate]

Ok thanks, lets see maybe tariff push inflation and ssb rates up again haha,
but timebeing no lock-in can still get around 2.5% in esaver, isavvy, gosaver, singlife!

Tariff will only cause inflation in the US.

It may actually cause deflation here in SG (recession and China "dumping" goods to everywhere else)

 

[sglandscape]

Tariff will only cause inflation in the US.

It may actually cause deflation here in SG (recession and China "dumping" goods to everywhere else)

Immediate term inflation, medium term deflation. People would end up consuming less.

 

[DevilPlate]

Immediate term inflation, medium term deflation. People would end up consuming less.

How to get higher inflation in SG based on tariff?

or u mean USA?

 

[luckygal]

As of 28/4, HL Bank 2.6% for 6 months, min 100K.

HL bank is not HL finance right? Don’t see this promo on HL bank website.

 

[sglandscape]

How to get higher inflation in SG based on tariff?

or u mean USA?

Referring to USA, and how it'll indirectly impact the interest rate for Singapore

 

[pratik28]

Dash Pet 2 offer 3% for 3yr lock-in, still reading abt it! its ISP I beliv