Standard Chartered Fixed Deposit Rate Singapore (September 2026)
Current promotional rate up to 2.00% p.a. for Priority Private customers · 6-month tenor · Min. S$25,000 fresh funds · Promotion valid 28 Aug–30 Sep 2026
✅ Data verified as at 6 September 2026 from sc.com/sg (official source)
Standard Chartered Singapore has launched a Fresh Funds Time Deposit Promotion running from 28 August to 30 September 2026. The promotion offers Personal Banking customers 1.70% p.a. on a 6-month fixed deposit — one of the more competitive rates available for the 6-month tenor in Singapore right now.
Priority Banking and Priority Private customers get even better rates of 1.80% and 2.00% p.a. respectively. The catch: you need to bring in fresh funds — money that has not originated from an existing Standard Chartered account or been withdrawn and re-deposited within the last 30 days.
In this guide, we break down exactly what rates are available, who qualifies, how to apply, and how SC’s FD rates compare to other banks in Singapore.
Standard Chartered Fixed Deposit Rates — September 2026
Source: sc.com/sg (official). Verified 6 September 2026. Subject to change without notice.
🎯 Fresh Funds Time Deposit Promotion (28 Aug – 30 Sep 2026)
This promotion is available to both new and existing Standard Chartered customers. The promotional rate applies to the 6-month tenor only.
| Banking Tier | Interest Rate | Minimum Deposit | Tenor |
|---|---|---|---|
| Personal Banking | 1.70% p.a. | S$25,000 | 6 months |
| Priority Banking | 1.80% p.a. | S$25,000 | 6 months |
| Priority Private | 2.00% p.a. ⭐ | S$25,000 | 6 months |
*Promotion valid 28 August 2026 – 30 September 2026. Only available in SGD. For the 6-month tenor only. Subject to SC’s terms and conditions.
What Are “Fresh Funds”?
Standard Chartered’s promotional rate requires that your deposit consists of fresh funds. Here’s exactly what that means:
- ✅ Qualifies as fresh funds: Money transferred from another bank (e.g., DBS, OCBC, UOB, Maybank, etc.) into your SC account for the first time
- ✅ Qualifies: New funds from a salary credit, sale of assets, or any external source not previously held with SC
- ❌ Does NOT qualify: Funds already held in any Standard Chartered account (savings, current, or existing fixed deposit)
- ❌ Does NOT qualify: Funds that were withdrawn from SC within the last 30 days and re-deposited
In practice, if you’re transferring money from another bank to SC specifically for this promotion, you’re good to go. If you’re simply moving your existing SC savings into a fixed deposit, you will NOT receive the promotional rate — you’ll get the lower board rate instead.
Tip: To maximise your returns, transfer fresh funds from another bank and keep your existing SC balances separate. SC may verify the source of funds during the application process.
Board Rates vs Promotional Rates
When the current promotion ends on 30 September 2026, Standard Chartered’s prevailing (board) rates apply. These are significantly lower:
| Tenor | Board Rate (approx.) | Promotional Rate |
|---|---|---|
| 1 month | ~0.05% p.a. | — |
| 3 months | ~0.50% p.a. | — |
| 6 months | ~0.70% p.a. | 1.70% – 2.00% p.a. |
Board rates are subject to change and SC does not publish them prominently online. Always verify the current rate at an SC branch or via SC Online Banking before placing your deposit, especially after the promotion period ends.
How to Open a Standard Chartered Fixed Deposit
You can open an SC fixed deposit through three channels:
Option 1: SC Mobile App (Recommended for existing customers)
- Log in to the SC Mobile app
- Tap “Apply” → “Fixed Deposit”
- Select SGD and the 6-month tenor
- Enter your deposit amount (minimum S$25,000 fresh funds)
- Select the source account — must be a fresh funds source
- Review and confirm the promotional interest rate
- Your FD is activated instantly upon confirmation
Option 2: SC Online Banking
- Log in at sc.com/sg → Online Banking
- Navigate to Accounts → Fixed Deposit → Apply
- Follow the same steps as above
Option 3: SC Branch (for new customers)
- Visit any Standard Chartered branch in Singapore
- Bring NRIC/passport and proof of funds source
- A relationship manager will help you open the FD
New to SC? You’ll need to open a Standard Chartered savings or current account first before placing a fixed deposit. This can be done online or at a branch.
Early Withdrawal Note: If you break your SC fixed deposit before maturity, you will receive reduced or no interest depending on the period elapsed. SC applies a penalty for premature withdrawal — check your FD terms carefully before committing.
Your SC fixed deposit is protected by the Singapore Deposit Insurance Corporation (SDIC) for up to S$100,000 per depositor across all insured deposits.
Singapore Fixed Deposit Rate Comparison (September 2026)
How does Standard Chartered stack up against other banks? Here’s a comparison of the best available 6-month fixed deposit rates in Singapore as at September 2026:
| Bank | Best Rate (6M) | Min. Deposit | Notes |
|---|---|---|---|
| Standard Chartered* | 2.00% p.a. | S$25,000 | Priority Private. Personal: 1.70% |
| CIMB | 1.75% p.a. | S$10,000 | No fresh funds requirement |
| Maybank | 1.55% p.a. | S$20,000 | Branch special rate |
| UOB | 1.45% p.a. | S$10,000 | UOB Fixed Deposit |
| OCBC | 1.15% p.a. | S$20,000 | 9/12 month tenors |
| DBS/POSB | 1.00% p.a. | S$1,000 | Lowest min. deposit |
*Standard Chartered promotional rate for Personal Banking customers is 1.70% p.a. (Priority Private: 2.00%). Rates as at September 2026. Subject to change.
Key takeaway: For Personal Banking customers, SC at 1.70% is competitive but CIMB offers 1.75% with no fresh funds requirement and a lower S$10,000 minimum. If you have Priority Banking or Priority Private status with SC, the 1.80%–2.00% p.a. rates are among the best available for a 6-month SGD fixed deposit in Singapore right now.
SC Savings Alternatives: Bonus$aver vs e$aver vs Fixed Deposit
Before locking your money in an SC fixed deposit, consider whether SC’s savings accounts might work better for you:
SC Bonus$aver Account — Up to 5.85% p.a.
The SC Bonus$aver account offers tiered interest up to 5.85% p.a., but this headline rate requires fulfilling multiple criteria simultaneously:
- Salary credit of S$3,000+ per month
- Credit card spend of S$500+ per month
- Invest/insure S$30,000+ or transact 3+ times
- Bill payments, loan, or insurance
Bottom line: If you can fulfil all the Bonus$aver criteria, you’ll earn far more than a fixed deposit. But if you don’t have the cash flow or spending patterns to qualify, the 1.70% FD rate is a straightforward, hassle-free alternative.
SC e$aver Account — Up to 1.60% p.a.
The SC e$aver account is a flexible savings account offering up to 1.60% p.a. with no lock-in period. This is a solid option if you value liquidity — though the SC FD at 1.70% offers a slightly better rate in exchange for a 6-month commitment.
Which should you choose?
- ✅ SC Fixed Deposit (1.70%–2.00%): Best for lump sums you don’t need for 6 months, no spending requirements
- ✅ SC Bonus$aver (up to 5.85%): Best if you meet salary credit + card spend criteria
- ✅ SC e$aver (up to 1.60%): Best for flexible savings where you need access anytime
Frequently Asked Questions
What is Standard Chartered’s fixed deposit rate in Singapore right now?
As at September 2026, Standard Chartered’s promotional fixed deposit rate is 1.70% p.a. for Personal Banking, 1.80% p.a. for Priority Banking, and 2.00% p.a. for Priority Private customers. The promotion is for the 6-month tenor with a minimum deposit of S$25,000 in fresh funds. It is valid from 28 August to 30 September 2026.
What counts as “fresh funds” for the SC fixed deposit promotion?
Fresh funds are deposits that do not originate from existing Standard Chartered accounts and have not been withdrawn from SC and re-deposited within the last 30 days. In practice, funds transferred from another bank (DBS, UOB, OCBC, etc.) qualify as fresh funds.
Is there a minimum deposit for the SC fixed deposit?
Yes. The minimum deposit for the September 2026 promotional rate is S$25,000. This applies to all tiers (Personal, Priority, Priority Private).
What happens if I withdraw my SC fixed deposit early?
If you withdraw your Standard Chartered fixed deposit before it matures, you will receive reduced or no interest depending on how long the deposit has been held. SC imposes an early withdrawal penalty. Check the specific terms in your FD confirmation letter.
Is my Standard Chartered fixed deposit covered by deposit insurance?
Yes. Standard Chartered Singapore is a full bank regulated by MAS. Your deposits (including fixed deposits) are protected by the Singapore Deposit Insurance Corporation (SDIC) for up to S$100,000 per depositor, per Scheme member.
Can I open an SC fixed deposit if I’m not an existing customer?
Yes, but you need to open a Standard Chartered savings or current account first. New customers can apply online at sc.com/sg or visit any SC branch in Singapore. Once your account is active, you can immediately place a fixed deposit online.
How does SC’s FD rate compare to CIMB and Maybank?
For Personal Banking customers, SC’s 1.70% p.a. is close to but slightly below CIMB’s 1.75% p.a. (no fresh funds required, S$10,000 minimum). Maybank offers 1.55% p.a. for a 6-month tenor. SC’s Priority Private rate of 2.00% p.a. is the highest available among major banks in Singapore for the 6-month tenor as at September 2026.
Our Verdict
Standard Chartered Fixed Deposit (September 2026) — 7/10
Good promotional rate for Priority customers. Personal Banking at 1.70% is competitive but requires fresh funds and a high S$25,000 minimum. CIMB remains the more accessible option for most depositors.
Who should consider the SC Fixed Deposit?
- ✅ SC Priority Banking or Priority Private customers who can earn 1.80%–2.00% p.a.
- ✅ Anyone with S$25,000+ in fresh funds from another bank looking for a simple, no-fuss 6-month deposit
- ✅ Existing SC customers who also want to take advantage of Bonus$aver for a higher blended return on their total savings
Who might look elsewhere?
- ❌ Personal Banking customers — CIMB’s 1.75% with lower S$10,000 minimum and no fresh funds requirement may be more accessible
- ❌ Those who can’t meet the S$25,000 minimum — DBS and UOB offer S$1,000–S$10,000 minimums at lower rates
- ❌ Those who need liquidity — consider SC’s e$aver at up to 1.60% p.a. with no lock-in
Data verified as at 6 September 2026 from sc.com/sg. Interest rates are promotional and subject to change. Always verify current rates directly with the bank before placing a deposit. This article is for informational purposes only and does not constitute financial advice.
This article was researched with the help of AI. While we strive to keep all information accurate and up to date, there may be errors. If you notice any discrepancies, please contact us.
