Have a spare US$500 (S$670) lying around? Why not park it in an ICBC fixed deposit account for 12 months and let it earn 0.75 per cent p.a.? Rates for non-fresh-funds above U$100,000 aren’t shabby either, drawing an interest rate of 0.70 per cent p.a. for the same period of time. Frequently asked questions What are the requirements to open a fixed deposit account? If you are an existing account holder, you will have to log in to the bank’s internet banking platform to open a fixed deposit. If you do not have an existing account with the bank, you might be required to open an account. This would require the following: