Today, I am going to share with you the best Chinese New Year Fixed Deposit Promotion in February 2024. This year, Chinese New Year 2024 falls on Saturday, 10th February 2024. Every year during this festive lunar period, banks in Singapore will give out promotional interest rates for fixed deposits.
If you are new to fixed deposit, it is a type of bank account where you deposit a lump sum of money for a predetermined duration. In return, the bank pay you a fixed rate of interest on that amount.
Fixed deposits are low-risk investments because they are practically risk-free. In Singapore, your deposits are also insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$75,000.
Fixed deposits (also known as time deposits) are popular among our parents and grandparents. They are also popular investment option for individuals who want to earn guaranteed interest on their savings over a specified period of time....