HSBC Time Deposit Account
Attractive interest rates
Flexible deposit period
Minimum deposit of SGD5,000 to open an account
For the latest promotion rates, refer to our promotion page
Time Deposit Promotions
Get up to 16.88% p.a. on time deposits
From now till 31 December 2020, enjoy preferential rates of up to 16.88% p.a. on your 3-month time deposit when you buy an insurance plan.
|Promotional SGD Time Deposit||New and Existing HSBC Premier Customers1||New and Existing HSBC Advance2/Personal Banking Customers3
|3-month||0.30% p.a.||0.30% p.a.
|Promotional SGD Time Deposit||3-month|
|New and Existing HSBC Premier Customers1||0.30% p.a.|
|New and Existing HSBC Advance2
/Personal Banking Customers3
The minimum and maximum fresh funds placement amounts for the SGD TMD Promotion are SGD30,000 and SGD1,200,000 respectively. For placement amount greater than SGD1,200,000, please contact either HSBC or your Relationship Manager.
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Things you should know
Terms and Conditions
Deposit Insurance 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.
Premature withdrawal of any Time Deposit is subject to the Terms and Conditions Governing Personal Deposit Accounts. Effective 1 September 2011, premature withdrawal charges will be imposed on premature withdrawal of Time Deposits prior to maturity. For all premature withdrawal of Time Deposits, interest payments (if any) will be calculated at the Bank's discretion. Customers should note that they may receive an amount less than the original Time Deposit placement amount upon premature withdrawal for their Foreign Currency Time Deposits. Currently, for Singapore Dollar Time Deposits, customers will receive not less than their original placement amount upon premature withdrawal.