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Fixed Deposit Interest rates w.e.f. 2nd January 2024

USD Interest Rates

 

Individual
USD Max. Rate Max. Rate
  < 100,000 >= 100,000
7 days

4.80%

4.80%
1 month

5.00%

5.00%
2 months

5.05%

5.05%
3 months

5.10%

5.10%
6 months

5.00%

5.00%
9 months

4.95%

4.95%
12 months

4.90%

4.90%
15 months

4.00%

4.00%
18 months

3.50%

3.50%
24 months

3.25%

3.25%
36 months

3.00%

3.00%

 

SGD Interest Rates

 

Individual
SGD Max. Rate Max. Rate Max. Rate
  5000
<50,000		 50,000
<1000,000		 >=1,000,000
1 month 0.25% 0.25% 0.25%
2 months 1.25% 1.25% 1.25%
3 months 2.50% 2.50% 2.50%
6 months 3.00% 3.00% 3.00%
9 months 3.00% 3.00% 3.00%
12 months 3.25% 3.25% 3.25%
15 months 1.00% 1.00% 1.00%
18 months 0.80% 0.80% 0.80%
24 months 0.20% 0.20% 0.20%
36 months 0.20% 0.20% 0.20%

 

AUD Interest Rates

 

Individual
AUD Max. Rate Max. Rate
  < 100,000 >= 100,000
1 month                                                                            

0.00%

0.00%
3 months

0.00%

0.00%
6 months

0.00%

0.00%
9 months

0.05%

0.05%
12 months

0.05%

0.05%
18 months

0.05%

0.05%
24 months

0.05%

0.05%
36 months

0.05%

0.05%

 

For details on applicable interest rates on other currencies/tenors, please click here.

 

For information on deposit rates for EUR/JPY/CHF currency, kindly contact any of our Branches

 

The above interest rates are applicable for amounts upto 1 million currency units. For higher amounts, the rates are at the bank’s discretion. All interest rates are expressed on a per annum basis. These interest rates used or provided are for reference only and subject to change by ICICI Bank, Singapore branch at any time without any notice. Actual rate of interest offered shall be the rate as applicable at the time of opening of deposit. Other terms and conditions may apply.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75000 till Mar 31, 2024 (S$100,000 from April 01, 2024) in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For further information, please visit: www.sdic.org.sg

FAQs

What is a term deposit?

In a term deposit, money deposited by a customer with the Bank is held for a fixed term at a fixed interest rate. Interest rates offered on these deposits vary with the tenure, value and currency of the deposit. Term deposit is a savings proposition that can help you earn fixed returns on your savings.

Are term deposits insured?

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75000 till Mar 31, 2024 (S$100,000 from April 01, 2024) in aggregate per depositor per scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For further information, please visit: www.sdic.org.sg

 

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