Friday, October 12, 2012

Best Time Deposit 1% 3Mths in Town

I am always on the lookout for Banks offering better Time Deposit interest rates with flexibility for withdrawal.

Today, Standard Chartered advertised their Step-up Time Deposit with up to 1.68% pa interest for 2 years!  It offers flexibility for withdrawal at every 3-month intervals with no penalty.  Effective interest is 1.185% p.a. for 2 years. 

Best of all, it starts at 1% interest for first 3-6 mths, then 1.08% for next 3-6 mths, then 1.18% for next 3-6mths, etc. 

Wow!  Which other bank can beat it?


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