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Nov 10, 2010

Standard Chartered Step Up Time Deposit

Singapore Bank: Standard Chartered Step Up Time Deposit

You need a valid savings or current account to earn interest on this Standard Chartered Step Up Time Deposit, even though the name 'Time Deposit' sounds like a fixed deposit account.

In cycles of 3 calendar months, depositors and bank savers earn interest in a cycle of 3 calendar months by saving money in this Standard Chartered Step Up Time Deposit account.

The interest rates earned in Standard Chartered Step Up Time Deposit are as follow:

Standard Chartered Step Up Time Deposit Interest Rates:

Cycle 1 Bank Interest Rate : 0.4% p.a.
Cycle 2 Bank Interest Rate : 0.6% p.a.
Cycle 3 Bank Interest Rate : 0.8% p.a.
Cycle 4 Bank Interest Rate : 1.2% p.a.

However, the effective bank interest rate for the contractual tenor of this Standard Chartered Step Up Time Deposit is 0.75%p.a. if the account is held to maturity.

Standard Chartered Step Up Time Deposit comes with other terms and conditions.

Standard Chartered Step Up Time Deposit interest rates are subject to change at any time without notice.

The Team

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