Features & Benefits
Attractive Interest Rates
Enjoy attractive interest rates on your foreign currency fixed deposit
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Enjoy attractive interest rates on your foreign currency fixed deposit
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Flexible Choice of Tenor
A choice of tenor from 1 to 12 months
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A choice of tenor from 1 to 12 months
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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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More value from every Singapore Dollar you invest.
Note: Investing in foreign currencies is subject to exchange rate risk
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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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You can open your account with a minimum of 50,000 in the respective foreign currency
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Eligibility
- Minimum deposit of S$50,000 for 1 month placement and above in the respective currency
- Applicable for individual and non-individual customers, including sole proprietors, partnerships, clubs and associations
- For Singapore citizen, permanent residents and foreigners with valid documentation aged 18 years and above
- Account opening is subject to the Bank's approval
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- Minimum deposit of S$50,000 for 1 month placement and above in the respective currency
- Applicable for individual and non-individual customers, including sole proprietors, partnerships, clubs and associations
- For Singapore citizen, permanent residents and foreigners with valid documentation aged 18 years and above
- Account opening is subject to the Bank's approval
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Premature Withdrawals
Effective 2 January 2025, interest is not payable for any premature withdrawals of fixed deposit
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Effective 2 January 2025, interest is not payable for any premature withdrawals of 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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Invest in USD, AUD, GBP, CNH, HKD, NZD and more
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| 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 |
| Tenor | Board Rates % (p.a.) | ||||||
|---|---|---|---|---|---|---|---|
| GBP | AUD | NZD | USD | HKD | CNH | ||
| 1 month | 3.430000 | 3.140000 | 2.500000 | 3.540000 | 2.970000 | 0.510000 | 0.100000 |
| 3 months | 3.451000 | 3.104000 | 2.433000 | 3.548200 | 3.046000 | 0.568200 | 0.200000 |
| 6 months | 3.408000 | 3.029000 | 2.400000 | 3.511800 | 3.017000 | 0.752800 | 0.300000 |
| 12 months | 3.331000 | 2.910000 | 2.415000 | 3.353500 | 2.915000 | 0.842500 | 0.400000 |
| Fees & Charges Description | Fees / Charges |
|---|---|
Fixed Deposit Placements via:
Telegraphic Transfer
Other Foreign Currency Cheque (for local collection)
USD Cheque (drawn on local USD Clearing Members) |
Free
0.125% handling commission (Min. S$20, Max. S$100) Charges levied by Drawee Bank locally or overseas Courier charges for foreign currency cheque sent on collection (Min. S$20 per item -locally or Min. S$40 per item to Malaysia)
Free |
Fixed Deposit Withdrawals via:
Telegraphic Transfer
|
Cable charges
0.125% handling commission (Min. S$20, Max. S$300) Cable Charges Agent Fee (if applicable) |
Note: The above fees are subject to review from time to time at the discretion of the Bank.
Deposit Insurance Scheme ("DI Scheme")
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporate, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
