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ICBC Fixed Deposit

 

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Min. Deposit
$20,000

Interest Rate
up to 1.95%

Review on ICBC Fixed Deposit

Pros
Short tenure option
High FD interest rate

Cons
Foreign Bank with few branches

 

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Details

6mths 9mths 12mths (OTC) 12mths (eBank)
$20k to <$200k 1.40% p.a. 1.50% p.a. 1.80% p.a. 1.90% p.a.
$200k & above 1.50% p.a. 1.60% p.a. 1.90% p.a. 1.95% p.a.

Receive up to 1.95% interest for a 12 months fixed deposit via e-banking

Receive up to 1.90% interest for a 12 months fixed deposit via over the counter

Receive up to 1.60% interest for a 9 months fixed deposit

Receive up to 1.50% interest for a 6 months fixed deposit

Minimum deposit SGD20,000 offering tenors from 6 months

Promotion applicable to deposits of Fresh Funds only

No penalty for pre-matured withdrawal of fixed deposit; you will get paid based on prevailing current account interest rate

 

Click here to go to ICBC website for more details

 

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Reviews or Comments (6)

Ave. Rating:
3/5 (11)
Topic: ICBC Fixed Deposit Review
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New
LEE
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1
0
0
Sep 2018
LEE says...

ICBC rates have changed again, U can update.

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Senior
Money Lobang
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75
29
1
Sep 2014
Top Poster
Most Likes
Money Lobang says...

Hi,

Rates have been updated. Thank you for your notification:)

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New
Jack Koh
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1
3
0
Aug 2018
Jack Koh says...

ICBC Processing FDs indeed required super long wait.

But but... the lady who serviced me was detailed, professional, and well versed in her work.

I guessed opening a new online account has to be throughout and meticulous given this age of scammers who can siphon off your saving with some easy digital tricks.

Depositing CIMB online FD was easier BUT its a lot more riskier as you do not know if you are actually transferring money to CIMB or a scammer's account (no online account was pre-created for you until you transfer at least $1000 into an account-no given to you in an email reply !!!) Whereas, in ICBC situation, an online account is pre-created for you to login online with proper registration of user-name & password & 2FA token. So, in the end, you get assured security. Giving up some time going thru the extra time-consuming processes is worth it.

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New
Matthias
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1
0
0
Jul 2018
Matthias says...

Inefficient banking services. Super slow and staff attitude is terrible.

1 2 > Last

 

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