Earn KrisFlyer Miles with your Time Deposit

If you have extra cash that you do not need and you are a couple of thousand miles away from your free flight on Singapore Airlines (or an alliance partner), check out Standard Chartered's SGD Miles Time Deposit. Deposit fresh funds into the special account (6 months) before 31 July 2016 and earn up to 60,000 KrisFlyer Miles on your investment - you may also be eligible for a priority banking account with the bank. 

Click HERE to find out more about the SGD Miles Time Deposit now!

SGD Miles Time Deposit | Photo Credit: Standard Chartered

SGD Miles Time Deposit | Photo Credit: Standard Chartered

Taking advantage of this promotion is pretty easy - you will receive 10,000 bonus KrisFlyer Miles with every S$25,000 fresh funds that you put into this account (maximum of 60,000 KrisFlyer Miles from S$150,000). If you use the KrisFlyer Miles outright on Singapore Airlines to offset your flight fare (which is a terrible idea by the way), 10,000 KrisFlyer Miles will be worth S$100 which is essentially a 0.8% return p.a. However, as shown in various articles previously, miles are worth a lot more on premium cabin redemptions - it is not uncommon to value 10,000 KrisFlyer Miles at S$600 or higher so you are essentially getting approximately 4.8% return p.a.