Fixed Deposit Promotion
Check out our attractive interest rates below!
Promotion ends 30 September 2023
| Minimum Deposit Amount |
Promotional Interest Rate (p.a.) |
||
|---|---|---|---|
| 3-months | 6-months | 12-months | |
| S$100,000 |
3.30% | 3.40% | 3.58% |
Call us to find out more: 6349 8330
Make your first online placement with HLB Connect by following the steps below!
For individuals with an existing Fixed Deposit Account, just follow these 4 simple steps :
Make a Placement
Click on "Place New Fixed Deposit" on Pay & Transact, choose your preferred placement and click "Next".
Confirm Details
Confirm your details and click "Submit".
Confirm Details
Confirm your details and click "Submit".
Confirm Details
Confirm your details and click "Submit".
Confirm Details
Confirm your details and click "Submit".
Confirm Details
Confirm your details and click "Submit".
Confirm Details
Confirm your details and click "Submit".
Successful Application
Once your application is successful. you will get
an acknowledgement receipt and you are done!
For individuals without a Fixed Deposit Account, get started and make your first placement in 2 simple steps :
Note:
1. Due to an increase in volume of applications, new applications may take longer time to be processed. Thank you for your understanding.
2. A minimum balance of S$5,000 is required for iSavings. Monthly service fee is waived for the first two months of Account Opening.
Terms & Conditions apply.
*Please note that Fixed Deposit placements which are accepted on Saturdays shall be value dated as of the next Business Day and Fixed Deposit withdrawals are unavailable on Saturdays.
Deposit Insurance Scheme ("DI 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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Attractive Interest Rates
Enjoy higher interest rates on long term savings.
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Flexible Choice of Tenor
A choice of tenor from 1 to 24 months.
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Easy to Open
Get started with a minimum placement of S$50,000.
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Deposit Insurance Scheme ("DI 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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
| Tenor | Board Rates % (p.a.) |
|---|---|
| 1 MONTH | 0.100000 |
| 3 MONTHS | 0.200000 |
| 6 MONTHS | 0.300000 |
| 12 MONTHS | 0.400000 |
Requirements:
A minimum deposit of S$50,000 for at least one month
18 years and above
Applicable to individuals and non-individuals including societies and small businesses (sole proprietors, partnerships, clubs and associations)
Applicable to Singapore citizens, permanent residents or foreigners with valid documentation
Note: Account opening is subject to the Bank's approval.
Where a fixed deposit is withdrawn, in partial or in full before maturity, the following rules shall apply:
(i) Interest is not payable:
- On fixed deposits with tenor of less than or equal to 3 months that have not reached maturity; OR,
- On any other FD withdrawn before the completion of 3 months
(ii) Interest is payable:
- For FD withdrawn after the completion of 3 months at the prevailing board rate from the date the FD was placed up to the date of withdrawal
| Fees & Charges Description | Fees / Charges |
|---|---|
Fixed Deposit Placements via:
Inward Remittances (MEPS, Telegraphic Transfer)
|
Free
|
Fixed Deposit Withdrawals via:
Cashier's Order
MEPS
|
Free for first transaction, S$5 for subsequent transaction S$10
Free for first transaction
|
Note: The above fees are subject to review from time to time at the discretion of the Bank.
