Foreign Currency Fixed Deposit Account

Foreign Currency Account

Enjoy potentially better returns and the opportunity to grow your funds with Foreign Currency Fixed Deposit Account.

Benefits

  • Affordable deposit amounts: From as little as S$5,000, and for tenors of 1, 2, 3, 6 or 12 months. Shorter tenors are available upon request*.
  • Wide choice of currencies: Choice of 10 foreign currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, RMB and USD.
  • Convenient deposit methods: At any branch or via iBanking for customers who have an existing Foreign Currency Fixed Deposit Account. Deposit via iBanking is not available for RMB.
  • Automatic renewals: Upon maturity, your deposit will be automatically renewed for the same tenor at the prevailing interest rate unless you instruct otherwise. You can provide us with your new maturity instructions via POSB iBanking at least 8 calendar days before the maturity date.
  • Overdraft facility: Use your Foreign Currency Fixed Deposit as a collateral to apply for an overdraft facility at a competitive rate.

* Weekly tenors are available for minimum deposits of 50,000 in foreign currencies for EUR/GBP/USD, 100,000 in foreign currencies for AUD/CAD/NZD, CHF300,0000, HKD500,000 and JPY10m. Overnight tenors are also available for minimum deposits of 50,000 in foreign currencies for EUR/GBP/USD and JPY10m.

Note
Foreign Currency Fixed Deposits are excluded from insurance coverage under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011. Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.
HOW TO APPLY