Can I make a Foreign Currency Fixed Deposit (FCFD) Placement if I do not have a FCFD account?
You will need to be an existing FCFD account holder before you may make a FCFD placement through POSB iBanking. If you do not have a FCFD account, you may open a FCFD account via POSB iBanking.
Find out more about Foreign Currency Fixed Deposit.
When can I access this service on POSB iBanking?
This service is available on POSB iBanking from 9 a.m. to 7 p.m. Mondays to Fridays (excluding Saturdays, Sundays and public holidays), and subject to the availability of foreign currency rates.
What are the foreign currencies I can make a placement in?
You can make a FCFD placement in the following currencies:
What are the deposit periods I can choose from?
Depending on the currency type and principal amount, the choice of deposit periods include:
Can I set my maturity instruction at the point of placement?
Yes, you may select the following maturity instruction at point of placement, and the bank will automatically act on your instruction upon maturity of your deposit:
Will I know the rates at which my FCFD Placement transaction is transacted?
Yes, you will be shown the prevailing FCFD interest rate and foreign exchange rate at the point of your transaction.