Foreign Currency Time Deposit

Turn your spare cash into extra earnings

Why you will love this

Grow your money faster with interest calculated daily

Easily manage transactions in up to 9 currencies with just one Multi-Currency Deposit Account. Currencies include: AUD, CNH, CAD, EUR, JPY, NZD, GBP, CHF and USD

Flexible deposit tenor lets you choose a time period that works for you

For extra convenience, your time deposit is automatically renewed for the same tenor upon maturity at prevailing rates

Enjoy earnings on your foreign currency holdings

Grow your returns while you grow your business with a time deposit. Choose a tenor that suits your cash flow needs, and we’ll keep your money working hard in the background with ease!

Low initial deposit

Low initial deposit

Place a time deposit with a low initial deposit amount (minimum amount varies by currency)

Flexible investment periods

Flexible investment periods

With a range from 7 days to 12 months, it’s easy to find a tenor that works for you.

Your choice of up to 9 major currencies

Your choice of up to 9 major currencies

No matter what currencies you carry, you can benefit from a time deposit. Available in USD, AUD, CAD, CHF, CNH, EUR, GBP, JPY and NZD

Convenient automatic renewal

Convenient automatic renewal

No time to manage your time deposits? You can renew them automatically for the same tenor at prevailing rates upon maturity or choose to have your earned interest credited to your Business Account upon maturity.

BEFORE YOU APPLY

Please note the following requirements and fees.

Eligibility requirements

Type of business
Any business with a foreign currency time deposit account.
Minimum deposit amount
Refer to minimum placement amount below for various currencies.

Fees and charges

Amount
Premature withdrawal fees are applicable for withdrawals made before maturity.
Foreign exchange fees are applicable if there is currency conversion involved.
Outgoing payment charges are applicable for withdrawn amount.
Minimum 1% commission-in-lieu of exchange* for deposit/withdrawal in foreign currency notes (subject to availability).

* Commission-in-lieu of exchange is applicable when there is no foreign exchange involved.

Minimum placement amount by currency

Minimum placement amount by currency

GBP
5,000
AUD
7,500
CAD
7,500
CHF
75,000
CNH
20,000
EUR
5,000
JPY
735,000
NZD
10,000
USD
5,000

Ready to apply?

Important notices

Foreign currency deposit

Foreign currency investments or deposits are subject to inherent exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency investments or deposits would be dependent on the exchange rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.