ICICI Bank SGD Fixed deposits

If you have more than S$100,000 cash lying around, you can consider placing an SGD, USD or AUD fixed deposit with ICICI Bank, which is an Indian bank. Temasek owns a small stake in this one. I saw recently that ICICI had just set up an ATM machine at Dhoby Ghaut MRT station and it is slowly making its presence felt here in Singapore. It mainly caters to overseas Indian nationals working here and those who want to make their money work harder for them.

Interest rates offered are as follows:-

Tenure	SGD	USD	AUD
6 months	0.60%	1.40%	4.30%
9 months	0.75%	1.70%	4.55%
12 months	1.25%	2.35%	5.05%
24 months	1.50%	2.60%	5.15%
36 months	1.75%	2.85%	5.40%

Check out the bank website for more details.