Standard Chartered Fixed Deposit/Term Deposit-i Promotion 2024
Standard Chartered is among the best financial institutions in the market offering attractive returns with their Fixed Deposit account. The returns you’ll earn get even better with their FD promotion from 1 October 2024 until 31 December 2024 (“Promotion Period”), subject to the campaign’s terms and conditions.
This promotion is open to new and existing individual account holders of Standard Chartered and Standard Chartered Saadiq’s current account/-i or savings account/-i who are 18 years old and above.
Hurry and grab this chance to enjoy promotional rates shown in the following tables with the Standard Chartered Fixed Deposit or Term Deposit-i accounts. Rest assured that your deposits are protected by PIDM for up to RM250,000.
Promotion 1: Applies to all Standard Chartered customers
| Eligible Product | Tenure | Promotional Rate | Minimum Placement Amount | Maximum Placement Amount | Promotion Period |
| Standard Chartered Fixed Deposit/ Standard Chartered Saadiq Term Deposit-i | 6 months | 3.80% p.a. | RM30,000 in fresh funds | RM200,000 in fresh funds | 1 October - 31 December 2024 |
Promotion 2: Applies to Standard Chartered Priority Banking customers
| Eligible Product | Tenure | Promotional Rate | Minimum Placement Amount | Maximum Placement Amount | Promotion Period |
| Standard Chartered Fixed Deposit/ Standard Chartered Saadiq Term Deposit-i | 6 months |
4.00% p.a. with a Wealth Purchase of a minimum of RM200,000 in a single transaction of: i) Unit Trust/ Islamic Unit Trust purchased through the website or Standard Chartered Bank branches with a recommended sales charge of 2% in a lump sum; ii) Retail Bond/ Sukuk purchased through the website or Standard Chartered Bank branches with a recommended sales charge of 2%; or iii) Structured Investment purchased through Standard Chartered Bank branches with a recommended sales charge of 1.5% |
RM30,000 in fresh funds | RM1 million in fresh funds | 1 October - 31 December 2024 |
*Fresh funds means monies or funds howsoever transferred, credited, or paid into the eligible CASA/CASA-i from other banks and/or financial institutions or liquidation of wealth assets held with Standard Chartered Malaysia Berhad or Standard Chartered Saadiq Berhad. For the avoidance of doubt, transfers of funds from other CASA/CASAi or including maturity and/or upliftment of FD/TD-i maintained with SCBMB or SCSB are not recognized as Fresh Funds.
What do I need to know about Standard Chartered Fixed Deposit?
Start saving the smarter way. With a minimum investment of RM1,000, you can earn real interest on your savings with a fixed deposit account.
Why not make your money do the hard work whilst you sit back and reap the rewards?
Terms are available for between one month and five years, giving you the flexibility to choose your tenure period.
How are my interest earnings calculated?
Interest is calculated on a contractual basis and paid upon maturity for an FD placement of 1-12 months or on a half-yearly for an FD placement of more than 12 months.
Can I take a portion of my money out for personal use?
No, Standard Chartered does not allow it. Once you've opened your time deposit account, you can only get money out by closing the whole thing.
In such an event, you might lose some interest payments in the process.
Can I withdraw before the maturity date without forfeiting the interest earned?
Yes, you can close your account before the fixed term is up, but you might only get half of the contracted interest as a penalty for early termination.
If you withdraw before an initial three-month term is up, you'll get zero interest - nada! zilch! nil!
Can I renew this Standard Chartered FD when it ends?
Of course, you can. If you have not given clear orders to Standard Chartered, or cash out this deposit at maturity, the bank will automatically renew this fixed deposit under the same terms and conditions. The bank will send you a written notice when the renewal is finalised.
