Introducing ANZ Step-Up Time Deposit with flexible withdrawals
Step up to higher returns with growing interest rates and enjoy the flexibility to withdraw your deposits at the end of every 3 months with no penalty. Simply place fresh funds of $25,000 in SGD or USD to reap progressive returns.
How does the Step-Up Time Deposit maximize your investment?
- Interest rates increase every 3 months giving higher returns than conventional time deposits.
- Interest earned is paid to your designated account at the end of every 3 months.
- Option to withdraw your deposit at the end of every 3 months, penalty-free.
- Choice of a 12-month SGD or USD Step-Up Time Deposit.
Our interest rates
|Month||SGD Step-up Time Deposit Rate||USD Step-up Time Deposit Rate|
|SGD150,000 or above||Below SGD150,000||USD150,000 or above||Below USD150,000|
|1st to 3rd||0.85% p.a.||0.50% p.a.||0.85% p.a.||0.50% p.a.|
|4th to 6th||0.90% p.a.||0.75% p.a.||0.90% p.a.||0.75% p.a.|
|7th to 9th||1.00% p.a.||0.90% p.a.||1.00% p.a.||0.90% p.a.|
|10th to 12th||1.25% p.a.||1.00% p.a.||1.25% p.a.||1.00% p.a.|
|#Effective Interest Rate||1.00% p.a.||0.79% p.a.||1.00% p.a.||0.79% p.a.|
# The effective interest rate indicated will vary if any cycle maturity date falls on a Saturday, Sunday or public holiday.
Minimum balance requirements
|Currency||Minimum balance for account opening||Available tenure|
|SGD||SGD 25,000||12 months|
|USD||USD 25,000||12 months|
Call our 24-hour Customer Service at: 1800 269 2269 or (65) 6269 2269 from overseas.
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Please note that the above is published for information and general circulation purposes only and does not constitute nor purport to constitute any form of advice, recommendation or offer to sell or issue, or invitation to offer, or solicitation, to buy, invest in or subscribe for any product or service, and any representation or warranty in respect of any product or service.
Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to SGD50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
This product may not be offered or sold within the United States or to or for the benefit of US Persons. Neither this document, nor any copy thereof may be sent or taken into the United States or distributed in the United States or to a US Person.
The full disclaimers at our website at ANZ Singapore are deemed to be incorporated herein.
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