TheminimumdepositamountovercounterisRMB20,000,theminimumdepositamountviaE-bankingisRMB500.
weoffertenorsof1month,3months,6months,9monthsand12months.
RMBFixedDepositpromotionalinterestrate:
RMBFixedDepositinterestboardrate:
Pleasenotethat:1%cashinlieuofexchangefeewaivedonRMBcashtransactionNopenaltyforpre-maturedwithdrawaloffixeddeposit,youwillgetpaidbasedonprevailingcurrentaccountinterestrate.“FreshFunds”referstofundsthatdonotoriginatefromanyexistingaccountsyouhavewithus.Forexample,anytransferoffundsbetweenICBCaccount(s)wouldnotbeconsideredasfreshfunds.
DepositInsuranceScheme
InformationasatNovember25,2024.
1.SGDFixedDeposit:
(1)Over-the-counterSGDFixedDepositinterestrate(TheminimumdepositamountovercounterisSGD20,000）
(2)E-BankingSGDFixedDepositinterestrate(theminimumdepositamountviaE-bankingisSGD500)
Promotionisavailablefromtodaytillfurthernotice.
(3)SGDFixedDepositinterestboardrate
Note:1)MinimumdepositSGD500.Weoffertenorsof1month,3months,6months,9months,12months.2)Nopenaltyforpre-maturedwithdrawaloffixeddeposit,youwillgetpaidbasedonprevailingcurrentaccountinterestrate.3)“FreshFunds”referstofundsthatdonotoriginatefromanyexistingaccountsyouhavewithus.Forexample,anytransferoffundsbetweenICBCaccount(s)wouldnotbeconsideredasfreshfunds.
2.SGDStep-UpFixedDeposit
1）Oneyeartenuresectionalinterestrate:
IllustrationofcalculationofinterestforfullTenure:Principlex0.15%xNo.ofdaysin1stcycle/365+Principlex0.30%xNo.ofdaysin2ndcycle/365+Principlex0.50%xNo.ofdaysin3rdcycle/365+Principlex1.05%xNo.ofdaysin4thcycle/365
ExampleofcalculationofinterestbasedonadepositofSGD5,000andheldfor12months:5,000x0.15%x91/365+5,000x0.30%x91/365+5,000x0.50%x92/365+5,000x1.05%x92/365=SGD25(rounded)
ExampleofcalculationofinterestbasedonadepositofSGD5,000andcustomerdecidestoterminateonthe3rdcyclewithprincipalofSGD5,000.
5,000x0.15%x91/365+5,000x0.30%x91/365+5,000x0.30%xNo.ofdaysin3rdcycle/365
2)Two-yeartenuresectionalinterestrateasfollow:
Interestcalculationasfollow：
Principlex0.20%xNo.ofdaysin1stcycle/365+Principle0.45%xNo.ofdaysin2ndcycle/365+Principlex0.60%xNo.ofdaysin3rdcycle/365+Principlex0.75%xNo.ofdaysin4thcycle/365
Note:1)Theinterestiscalculatedbasedoncompletedcycleswithcorrespondinginterestrateforeachcycleandcreditedtothecustomer’scurrentaccountonthefollowingbankingdayaftertheendofeachcycle.Ifthatdayfallsonapublicholiday,youwillbepaidonthenextbankingday.
2)Forwithdrawalbeforematurity,youwillbepaidfullinterestforallcompletedcycles.Forincompletecycle,youwillbepaidinterestrateusingthepreviouscyclemultiplybythenumberofcompleteddaysinthecurrentcycle.Ifearlywithdrawalhappensinthefirstcycle,youwillbepaidtheprevailingcurrentaccountinterestrateasthereisnocompletedpreviouscycle.
Illustration
Sayyoudecidetoterminatethe2yeartenureSGDstepupfixeddepositonthe3rdcyclewithprincipalofSGD5,000
Interestpayableiscalculatedasfollows:
Principlex0.20%xNo.ofdaysin1stcycle/365+Principlex0.45%xNo.ofdaysin2ndcycle/365+Principlex0.45%xNo.ofdaysin3rdcycle/365
3)ForSGDstep-upfixeddeposit,customermustmaintainacurrentaccountwithusforthepurposeofcreditingtheinterestpayable.Prevailinginterestrateispayableonthiscurrentaccountinsteadofthetiredinterest.Checkwithbranchforratesapplicableforthiscurrentaccount.
ThesefixeddeposittermsmaybemadeavailabletoyouinEnglishandMandarinversionbutnotnecessarily.IfthereareEnglishandMandarinversiontotheseterms,theEnglishversionwillprevailatalltimesintheeventofinconsistency.
DepositInsuranceSchemeSingaporedollardepositsofnon-bankdepositorsareinsuredbytheSingaporeDepositInsuranceCorporation,foruptoS$100,000inaggregateperdepositorperSchemememberbylaw.Foreigncurrencydeposits,dualcurrencyinvestments,structureddepositsandotherinvestmentproductsarenotinsured.
USDollar(USD):
Weoffertenorsof1week,1month,3months,6monthsand12months.Interestratesasfollow:
1.USDFixedDepositpromotionalinterestrate（DepositovercounterwithminimumamountUSD20,000；DepositviaE-bankingwithminimumamountUSD500）
2.USDFixedDepositinterestboardrate
Pleasenotethat:Thereisa1%servicechargeondepositorwithdrawalofforeigncurrenciesincash(exceptforSGD).Nopenaltyforpre-maturedwithdrawaloffixeddeposit;youwillgetpaidbasedonprevailingcurrentaccountinterestrate.“FreshFunds”referstofundsthatdonotoriginatefromanyexistingaccountsyouhavewithus.Forexample,anytransferoffundsbetweenICBCaccount(s)wouldnotbeconsideredasfreshfunds.