You got to be very careful of bank's promotionThe good news is Financial Market in Singapore is very well regulated, banks and insurance companies have to disclose everything in their marketing materials. so if you take a little patience to read the fineprint, here it is "Interest rate of 3.6% p.a. is applicable on the 12-month Singapore Dollar unfixed deposit >>>> when you invest fresh funds of minimum amount S$10,000 or equivalent in selected Unit Trusts and/or Single Premium Insurance Plans (more...)