Foreign Currency Fixed Deposit

DBS Foreign Currency Account
Benefits | Eligibility and Requirement | Services and Charges
How To Apply

Enjoy potentially better returns and the opportunity to grow your funds with Foreign Currency Fixed Deposit Account.

Benefits

  • Affordable deposit amounts: From as little as S$5,000, and for tenors of 1, 2, 3, 6 or 12 months. Shorter tenors are available upon request*.
  • Wide choice of currencies: Choice of 9 foreign currencies: AUD, CAD, CHF, EUR, GBP, HKD, NZD, USD, and JPY.
  • Convenient deposit methods: At any branch or via iBanking for customers who have an existing Foreign Currency Fixed Deposit Account.
  • Automatic renewals: Upon maturity, your deposit will be automatically renewed for the same tenor at the prevailing interest rate unless you instruct otherwise. You can provide us with your new maturity instructions via DBS iBanking at least 8 calendar days before the maturity date.
  • Overdraft facility: Use your Foreign Currency Fixed Deposit as a collateral to apply for an overdraft facility at a competitive rate.

* Weekly tenors are available for minimum deposits of 50,000 in foreign currencies for EUR/GBP/USD, 100,000 in foreign currencies for AUD/CAD/NZD, CHF300,0000, HKD500,000 and JPY10m. Overnight tenors are also available for minimum deposits of 50,000 in foreign currencies for EUR/GBP/USD and JPY10m.

Note

  • Conversion between currencies involves exchange rates which are subject to fluctuations. If you have used funds in another currency to place the Foreign Currency Fixed Deposit, you may receive an amount less than your original amount of such funds upon conversion of your Foreign Currency Fixed Deposit back to that other currency. In addition, you may be subject to foreign exchange controls which may be imposed from time to time.
  • Foreign Currency Fixed Deposits are excluded from insurance coverage under the Deposit Insurance Act 2005 (No. 31 of 2005), but are fully guaranteed by the Singapore Government until 31 December 2010.