Foreign Currency Time Deposit

Make your extra cash work with higher returns

Why you will love this

Enjoy higher returns on your extra cash

Flexible investment periods

Automatic renewal for the same period upon maturity at prevailing interest rates

Before you apply

Eligibility requirements

Type of business
All businesses with foreign currency time deposit accounts
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Outgoing payment charges are applicable for withdrawn amount.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

Minimum amount for

AUD
10,000
CAD
25,000
CHF
25,000
CNH
250,000
EUR
5,000
GBP
5,000
HKD
200,000
JPY
1,000,000
NZD
10,000
USD
5,000
We help to make your extra cash in different foreign currencies in one account work for you
Earn higher returns while you run your business. Simply choose a deposit term that fits your cashflow needs and we keep your money working for you steadily.

Low initial deposit

Place a time deposit with low initial deposit (depending on currency)

Flexible investment periods

with tenors that range from 1 to 12 months.

1 account with up to 10 currencies offered

USD, AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD

Automatic renewal

using earned interest or credit the interest earned to your business account upon maturity.

View foreign currency board rates   

Ready to apply?

Visit us at a branch to open your your Foreign Currency Time Deposit Account

Locate a branch

with these documents and the minimum amount in the respective currencies in cash or cheque.

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.


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