SGD Fixed Deposit: June Promo

While visiting the websites of a few local banks, I noticed that most of them are having 12-month Fixed Deposit promotions. Apparently there is a widespread need for banks to raise some cash at this time? I'm not financially savvy enough to analyze this, but I do like to keep a tab on FD rates and know my options for the in-between of savings and investment, so I went around and checked out all offerings within my radar.

After considerations, I'm not taking any of them at the moment, but since I have collected the info, I'll just dump it here. This might be useful if you just need to park some money for a short time without risk (other than the bank defaulting, of course). Outside this sort of promotions, I haven't seen good FD rates for a while. I've included the rates of equivalent products from banks that are not having a promotion, so you can compare.

Most of the promotions require a big lump sum, more than what I'm willing to lock into an FD. Where options are available, I have recorded the one more acceptable in my opinion, and noted the alternatives for you to check out if interested. As with all things, do read the terms and conditions including all the fine prints before committing.

Bank	Interest p.a.	Minimum Placement	Tenor	Promotion Period	Remarks
StanChart	1.50%	S$ 25,000	12-month	1--30 Jun 2015
HSBC	1.50%	S$ 30,000	11-month	2--30 Jun 2015	Higher for Premier customers
ANZ	1.50%	S$ 150,000	11-month	1 May--30 Jun 2015
UOB	1.45%	S$ 20,000	13-month	2--30 Jun 2015
CIMB (Step Up)	1.40% (average)	S$ 10,000	12-month	Not stated	Option: 18-month at 1.66% average
OCBC	1.40%	S$ 20,000	12-month	Not stated
Citibank	1.30%	S$ 50,000	9-month	1 Apr--30 Jun 2015
CIMB	1.20%	S$ 1,000	12-month	1 Jun--31 Dec 2015	Options for higher rate with larger placement
Maybank (iLOVE)	1.10%	S$ 25,000	12-month	?--30 Jun 2015	Options for higher rate with longer tenor
ICICI	0.75%	S$ 5,000	12-month	No promotion	Options for higher rate with longer tenor
SBI	0.70%	S$ 1,000	12-month	No promotion	Options for higher rate with longer tenor
DBS / POSB	0.25%	S$ 1,000	12-month	No promotion	Options for higher rate with longer tenor