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Foreign Currency Fixed Deposit
Put your funds into a foreign currency Fixed Deposit account and enjoy the potential to earn foreign exchange gains on top of the earned interest. You may potentially benefit from higher interest rates for certain currencies and earn better returns.
Use our DBS Remit for a fast, easy and safe way to move your money to over 150 countries in more than 20 currencies anytime via digibank app or iBanking, or at our branches.
Preferential Exchange Rates
Enjoy preferential exchange rates when you convert amounts of at least S$50,000 equivalent in currencies such as SGD, USD, AUD, NZD, etc to another currency.
Send money overseas by demand drafts through any of our overseas agent banks.
- Choose from 10 foreign currencies – AUD, CAD, EUR, GBP, HKD, JPY, NZD, CNH and USD.
- Pick a tenor that suits you — from one month to a year.
- Gain exposure to a foreign currency with the potential to earn higher rates on your Fixed Deposit in selected currencies.
How to apply
- Visit any of our branches
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors, and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme, are insured by the Singapore Deposit Insurance Corporation 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.
Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.
Terms and Conditions apply. This does not constitute an offer, an invitation or a recommendation to enter into any transaction. DBS Bank Ltd ("DBS") is acting as principal and not as the reader's adviser or in a fiduciary capacity in respect of this proposed transaction or any other transaction unless otherwise specifically agreed in writing, and accepts no liability whatsoever with respect to the use of its contents.
Foreign currency fixed deposits are excluded from insurance coverage under the Deposit Insurance and Policy Owner's Protection Schemes Act 2011. Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place a 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.