Industrial and Commercial Bank of China (ICBC) RMB and SGD Time Deposit Promotion

ICBC Singapore is celebrating its new Paya Lebar branch opening by offering attractive rates for its RMB and SGD time deposits. ICBC has 5 branches in Singapore now.

RMB Amount	3-Month	6-Month	12-Month
Below RMB 5 Million	2.80%	2.90%	3.40%
RMB 5 Million (inclusive) and above	3.00%	3.20%	3.50%

SGD Amount	12-Month
SGD 500-5,000	1.20%
SGD 5,000-200,000	1.35%
SGD 200,000 (inclusive) and above	1.40%

For those of us who have less to put away for 12 months, ICBC offers a pretty decent rate of 1.2% p.a. for amounts starting from S$500 while most other banks are looking at amounts upwards of $25,000.

Please refer to the website for more details.