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Standard Chartered US Dollar/SGD Dollar Time Deposit (28th August 2018) Woodlands Roadshow Promotion Terms and Conditions – Business Banking

  1. This Standard Chartered US Dollar & SG Dollar Time Deposit (28th August 2018) Woodlands Roadshow Promotion (“Promotion”) is available on 28th August 2018 (“Promotion Period”) to Business Banking Customers of Standard Chartered Bank (Singapore) Limited (the “Bank”). By participating in this Promotion, you agree to be bound by these terms.
  2. To qualify for this Promotion, you must place a minimum sum of US$25,000 or S$ 25,000 of fresh funds* into a US Dollar Time Deposit Account and/or SGD Dollar Time Deposit Account at Standard Chartered Branch – Woodlands with a tenor of six (6) months or twelve (12) months (a “Time Deposit”) during the Promotion Period.
  3. If you satisfy the eligibility requirements in clause 2 above, during the Promotion Period and up till maturity of the tenor of the Time Deposit, you will enjoy a preferential interest rate as set out in the table below (a “Preferential Rate”) on the sum in Fresh Funds that you had placed in the Time Deposit during the Promotion Period, subject to these terms
Currency Minimum Placement of Fresh funds Tenor Preferential Interest Rate
SGD S$25,000 6 months 1.60% p.a.
SGD S$25,000 12 months 1.70% p.a.
USD US$25,000 6 months 2.50% p.a.
USD US$25,000 12 months 2.70% p.a.

 

  1. The Preferential Rate is only applicable if the Time Deposit is held by you until maturity of the tenor. The Bank reserves the right to require the forfeiture of any amount or interest awarded at the Preferential Rate or any part thereof, if you make any early withdrawal from the Time Deposit prior to maturity of the tenor.
  2. Any renewal upon maturity of the Time Deposit at the option of the account holder will be based on the Bank’s prevailing US Dollar/SG Dollar Time Deposit board rate for the same tenor.

General

  1. The Promotion is not valid with other offers, privileges or promotions unless otherwise stated.
  2. The Bank may vary, modify, add, delete or otherwise revise any of the terms and conditions governing the Promotion or to terminate, withdraw, extend or shorten the Promotion at any time at the Bank’s sole discretion, with or without prior notice or reason.
  3. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or about the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.
  4. The terms and conditions of the Promotion are to be read in conjunction with our Account Terms, Standard Terms and respective Country Supplements, together with our Time Deposit Terms (collectively, “Standard Terms”). If there is any inconsistency between the Standard Terms and the terms and conditions of this Promotion, the latter shall prevail to the extent of such inconsistency.

 

  1. *Fresh funds refer to funds not originating from any existing account with the Bank and funds that are not withdrawn and re-deposited within the last 30 days of the opening of your Time Deposit with the Bank.

 

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.