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Foreign Currency Time Deposit
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Earn impressive interest rates on a range of foreign currencies. Funds sent in or out of Singapore using this account are not taxed. If you need cash urgently, an overdraft facility is available. |
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Next Steps :
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 | Overdraft facility available |
| For non-residents there is no withholding tax, Singapore Estate Duty or any other tax on the interest earned. |
| For withdrawals or change in renewal instruction, just inform us at least 2 business days in advance of the maturity date |
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| Individuals aged 21 years old and above |
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| Currency
Type |
Amount
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| United
States Dollar |
USD 5,000 |
| Australian
Dollar |
AUD 10,000 |
| European
Union Euro |
EUR 5,000 |
| Hong Kong
Dollar |
HKD 200,000 |
| Japanese
Yen |
JPY 1,000,000 |
| New
Zealand Dollar |
NZD 10,000 |
| Great
Britain Pound |
GBP 5,000 |
| Swiss
Franc |
CHF 25,000 |
| Canadian
Dollar |
CAD 25,000 |
| Thai Baht |
THB 500,000 |
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Available Tenors
| 1,2,3,6,9 and 12 months (shorter tenors available for higher amounts) |
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| Details:
| Deposit/Withdrawal in Foreign Currency Notes (subject to availability) |
Min 1% commission-in-lieu of exchange * (subject to currency type) |
| Premature Termination |
Penalty applicable for withdrawal made prior to maturity |
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* Commission-in-lieu of exchange is applicable when there is no foreign exchange involved |
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