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Boost your savings with Time Deposits
Earn interest with flexible tenors that align with your wealth goals.
What are Time Deposits?
A Time Deposit is an interest-bearing account that offers fixed returns at competitive interest rates. Your funds are deposited for a predetermined period, depending on the tenor you have selected.
Key Benefits
- Predictable Returns
Fixed interest rates ensure you know your earnings upfront - Flexibility
Multiple tenure options to match your needs
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Board Rates of Time Deposits
Singapore Dollar (SGD)
| Placement Amount | 1 to 2 Weeks | 1 Month | 2 Month | 3 Month | 6 Month | 12 Month | 24 Month | 36 Month |
|---|---|---|---|---|---|---|---|---|
| S$10,000 - S$50,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$50,000 - S$100,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$100,000 - S$250,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$200,000 - S$500,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$500,000 - S$750,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$750,000 - S$1,000,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
| S$1,000,000 - S$3,000,000 | 0.20% | 0.60% | 0.60% | 0.60% | 0.60% | 0.70% | 0.10% | 0.10% |
Frequently Asked Questions (FAQs)
There is no difference between time deposit and fixed deposit. Both the terms are used interchangeably.
Our Time deposit account offers attractive interest rates. These accounts come with flexible tenures to suit your individual needs for funds.
Yes, you may pre-terminate the time deposit before the maturity date. However, you will not earn any interest and an administrative fee may be imposed for termination of time deposits prior to maturity date. You may review the applicable fee (if any) on Citibank Online prior to pre-termination.
The advantages of time deposits are as follows:
- They are not dependent on fluctuating market trends as the rates are fixed at the time of booking
- They are low risk
- They are easy to maintain
- They have flexible tenures
Fixed deposits offer a guaranteed interest rate. You can save your money in a fixed deposit account and earn interest on it. So, when it matures, you will receive a bigger sum than what you invested.
The interest rates for time deposit accounts are fixed at the time when you open the account. They are not dependent on market fluctuations.
Yes, foreigners can open fixed deposits in Singapore if they have the following documents:
- Passport
- Address Proof
- Employment Pass/Dependent Pass/S Pass/Student Pass/Long-term visit pass
Yes, other than opening your fixed deposit account in USD, you can also open a fixed deposit account in other foreign currencies.
Yes, Time Deposit rates in Singapore are usually fixed once the placement is confirmed. The agreed interest rate will apply throughout the selected tenor until maturity.
Before opening a Time Deposit in Singapore, consider the interest rate, deposit amount, tenor, currency options, early withdrawal terms, and whether the account matches your savings goals.
To choose the best fixed deposit rate in Singapore, compare the promotional rates, tenor options, minimum deposit amount, currency type, and maturity terms before placing your funds.
Disclaimer
Rates quoted are subject to change without notice.
For customer of Citigold Private Client, click here for our Time Deposit Promotions.
For customer of Citigold, click here for our Time Deposit Promotions.
Contents on this webpage are for general information only, and should not be relied upon as advice. The information provided does not have regard to any individual’s investment objectives, financial situation or particular needs. This webpage and its contents are not an offer or solicitation to purchase, nor an endorsement or recommendation of, any products or services by Citibank Singapore Limited, its related entities and their respective directors, agents and employees (together "Citigroup").
The promotions, products and services mentioned in the referenced document are not offered to individuals resident in certain countries/jurisdictions. For the comprehensive list of these countries/jurisdictions, please refer to the "Privacy" section in the footer of our Citibank Website. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein to such individuals.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please visit www.sdic.org.sg.
An administrative fee or withdrawal charge may be imposed for termination of time deposits prior to maturity date. No pre-termination of the time deposit is allowed for CNH and ZAR currency.
Foreign currency investments are subject to rate fluctuations which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. You should therefore determine whether any foreign currency investment is suitable for you in light of your investment objectives, financial means and risk profile.
Important Investment Information
Investment products are not bank deposits or obligations of or guaranteed by Citibank Singapore Limited, Citigroup, Inc or any of their affiliates or subsidiaries unless specifically stated. Investment products are subject to investment risks, including the possible loss of the principal amount invested. Past performance is not indicative of future results, prices can go up or down. Investors investing in investment and/or treasury products denominated in non-local currency should be aware of the risks of exchange rate fluctuations that may cause a loss of principal when foreign currency is converted back to the investors' home currency. The information on this webpage does not constitute the distribution of any information or the making of any offer of solicitation by anyone in any jurisdiction in which such distribution or offer is not authorised or to any person to whom it is unlawful to distribute such document or to make any offer or solicitation.
Interested investors should seek the advice of their financial advisors, as appropriate. In the event that you choose not to seek advice from a financial advisor, you should carefully consider whether the investment products are suitable for you in light of your investment objectives, financial means and risk profile.
Investment products are not deposits, are not subject to the provision of the Deposit Insurance Act and Policy Owners' Protection Schemes Act of Singapore and are not eligible for Deposit Insurance Coverage under the Deposit Insurance Scheme.
Investment products are not available to U.S. persons and may not be available in all jurisdictions.
Citibank full disclaimers, terms and conditions apply to individual products and banking services.
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