Foreign Currency Fixed Deposit
 

Frequently Asked Questions

  1. What are the deposit tenors I can choose from?

    Depending on the currency type and principal amount, the choice of deposit periods include:

    • 1 day
    • 1 week
    • 1 month
    • 2 months
    • 3 months
    • 6 months
    • 12 months

  2. Can I set the maturity instruction at the point of placement?

    Yes, you may select one of the following maturity instructions:

    • Renew the principal and interest amounts;
    • Withdraw the principal and interest amounts; or
    • Renew the principal amount and withdraw the interest.

  3. Will I know the interest and exchange rates at which my FCFD Placement transaction is transacted?

    Yes, you will be informed of the prevailing FCFD interest rate and foreign exchange rate at the point of your transaction.