Dear readers, in today’s post, let us take a look at Standard Chartered Fixed Deposit interest rates and HSBC Fixed Deposit interest rates for Apr 23. We will also discover why the fixed deposit interest rates from these two banks are rather decent.
First, Standard Chartered Fixed Deposit interest rates. Standard Chartered is having a fixed deposit promotion for a tenure of 3months of holding with a fixed deposit interest rate of:
Promotional rate: 3% per annum
Priority Banking Preferential rate: 3.10% per annum
Priority Private Banking Preferential rate: 3.20% per annum
For more details of the above promotion, visit Standard Chartered Fixed Deposit webpage now. Do note that the minimum capital is $25,000 and the promotion ends on 10 Apr 2023.
Now, for HSBC. HSBC is offering the HSBC Fixed Deposit interest rates at 3% per annum for a minimum capital of $5,000, for a holding period of 24 months. For more details, visit HSBC Fixed Deposit webpage now.
With the annual 10-year return of the May 2023 Singapore Savings Bonds at 3.07% per annum and given how Standard Chartered’s and HSBC’s interest rates approximate the May 2023 Singapore Savings Bonds returns, I find that the fixed deposit rates from the two banks as being decent.