Features & Benefits
Attractive Interest Rates
Enjoy attractive interest rates on your foreign currency fixed deposit.
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Choose from range of currencies
Invest in USD, AUD, GBP, CNH, HKD, NZD and more.
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Easy to Open
You can open your account with a minimum of 50,000 in the respective foreign currency.
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Preferential Forex Conversion Rate
More value from every Singapore Dollar you invest. Note: Investing in foreign currencies is subject to exchange rate risk.
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Flexible Choice of Tenor
A choice of tenor from 1 to 12 months.
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Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporate, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
| Tenor | Board Rates % (p.a.) | ||||||
|---|---|---|---|---|---|---|---|
| GBP | AUD | NZD | USD | HKD | CNH | ||
| 1 month | 3.520000 | 2.770000 | 3.760000 | 4.276200 | 2.310000 | 2.276200 | 0.100000 |
| 3 months | 3.860000 | 3.180000 | 4.380000 | 4.583100 | 3.160000 | 2.263100 | 0.200000 |
| 6 months | 4.060000 | 3.400000 | 4.720000 | 4.756700 | 3.750000 | 2.426700 | 0.300000 |
| 12 months | 4.280000 | 3.760000 | 5.040000 | 4.937900 | 4.280000 | 2.727900 | 0.400000 |
Requirements:
A minimum deposit of 50,000 for at least one month in the respective currency 18 years and above
Applicable to individuals and non-individuals including societies and small businesses (sole proprietors, partnerships, clubs and associations)
Applicable to Singapore citizens, permanent residents or foreigners with valid documentation
Note: Account opening is subject to Bank's approval
| Currency | Minimum placement amount |
|---|---|
| Australian Dollar (AUD) | A$50,000 |
| British Pound (GBP) | £50,000 |
| Canadian Dollar (CAD) | CAD$50,000 |
| Chinese Renminbi (CNH) | S$50,000 equivalent |
| New Zealand Dollar (NZD) | NZ$50,000 |
| US Dollar (USD) | US$50,000 |
Where a fixed deposit is withdrawn, in partial or in full before maturity, the following rules shall apply:
- Interest is not payable:
i. On fixed deposits with tenor of less than or equal to 3 months that have not reached maturity; OR,
ii. On any other FD withdrawn before the completion of 3 months
- Interest is payable:
For FD withdrawn after the completion of 3 months at the prevailing board rate from the date the FD was placed up to the date of withdrawal
| Fixed Deposit Account (Foreign Currency) |
|---|---|
Fixed Deposit Placements via: Telegraphic Transfer
Other Foreign Currency Cheque (for local collection)
USD Cheque (drawn on local USD Clearing Members) |
Free
Courier charges for foreign currency cheque sent on collection (Min. SGD20 per item locally or Min. SGD40 per item to Malaysia)
|
Fixed Deposit Withdrawals via: Telegraphic Transfer Payable to Account Holder Payable to Third Party |
Cable charges 0.125% handling commission (Min. SGD30, Max. SGD300) Cable Charges Agent Fee (if applicable) |
Note: The above fees are subject to review from time to time at the discretion of the Bank.
