Last updated on 2023-05-31
Decent FD rates
Slow and inefficient service at branches
Foreign Bank with few branches
|12 mths||18 mths||24 mths|
|$5k to <$1m||2.45% p.a.||2.55% p.a.||2.85% p.a.|
Earn 2.85% interest p.a. for a 36 months tenure
Earn 2.85% interest p.a. for a 24 months tenure
Earn 2.55% interest p.a. for a 18 months tenure
Earn 2.45% interest p.a. for a 12 months tenure
Earn 2.25% interest p.a. for a 6 months tenure
The minimum deposit amount per individual or per joint account with the same individuals is SGD 5,000
Multiple deposits can be placed by the customer as long as the maximum amount per individual or per CIF is $1,000,000
Unless otherwise instructed in writing at least three working days prior to the maturity date of the deposit, the term deposit will be renewed automatically on maturity for the same period as the original deposit at the SBI Prevailing Term Deposit Board Rate of interest at the time of renewal.
Earn 3.50% interest p.a. for a 12 months tenure with minimum deposit of $50,000
Click here to go to State Bank of India website for more details
* Interest Rates based on highest fixed deposit rate with
maximum deposit amount of $75,000 and 3 to 18 months tenure
State Bank of India current highest fixed deposit rate is 3.50% p.a. for 12 months tenure with minimum deposit of $50,000.
The current highest fixed deposit rate is a State Bank of India promotional rate
The current Money Lobang National Average Fixed Deposit Rates for June 2023 is 2.95% p.a.
The average monthly highest fixed deposit rate for State Bank of India since 2018 is 1.47% p.a.
State Bank of India runs fixed deposit promotional campaigns every month