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Low interest rates
Slow and inefficient service at branches
Foreign Bank with few branches
Deposit Details
| 12 months | |
|---|---|
| $250k to $1m | 1.25% p.a. |
Earn 1.25% interest p.a. for a 12 months tenure
The promotion is applicable for fresh and renewal of funds
The minimum deposit amount per individual or per joint account with the same individuals is SGD 250,000
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.
Click here to go to State Bank of India website for more details
There are several current and savings accounts in Singapore that offer a higher interest rate...
What are the best and highest interest rates for deposits in Singapore?
