Premature withdrawal fees are applicable for withdrawals made prior to maturity.
|Less than S$250,000||1 to 12, 18, 24 and 36 months|
|From S$250,000 to less than S$1 million||1 to 12, 18, 24 and 36 months|
|S$1 million and above||1 to 6 days, weekly terms, 1 to 12, 18, 24 and 36 months|
for initial deposit
Documents vary depending on the type of business entity.
For sole proprietorship / partnership:
Deposit insurance scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.