Accounts

Fixed Deposit Account

Place your funds with Asia’s safest bank and enjoy higher returns

Enjoy enhanced yields, higher returns and improved liquidity with a DBS Fixed Deposit Account. Open an account for as little as SGD 5,000 – or the equivalent amount in a foreign currency – and earn higher interest rates by placing your funds with us for a set period of time.

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Why choose DBS Fixed Deposit Account?

  • Ensure your funds are safe with an "AA-" and "Aa1"rated bank. DBS has been named the Safest Bank in Asia by Global Finance for five consecutive years, from 2009 to 2013
  • Increase your returns with competitive interest rates that are higher than a typical Business Account
  • Improve your liquidity via a wide range of global and Asian currencies: SGD, AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, USD
  • Take advantage of our convenient cut-off times to make placements and withdrawals. You can also make early withdrawals if required
  • Choose from a flexible range of tenures, from one month to one year

DBS Fixed Deposit Account Highlights

     Min Deposit AmountTenureCurrencies

    Singapore dollar

    SGD 5,000

    Up to 24 months

    SGD

    Foreign currencies

    SGD 5,000 equivalent

    Up to 12 months

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


1. How do I switch from my existing bank to DBS?

Switching to us will be a hassle-free process. We have put together a list of where you can find the commonly used GIRO authorisation forms for your perusal:

You may also contact our cash management specialist at gtssales@dbs.com for assistance.

2. Can I place a Fixed Deposit without opening a Fixed Deposit Account?

No, a Fixed Deposit Account is required for placing a Fixed Deposit.

3. Do I need to submit a new set of account opening documents to open a Fixed Deposit Account if I already have a DBS Business Account?

Yes, however you will not have to complete the full set of documents. Please call us at 1800 222 2200 (if you’re in Singapore) or +65 6222 2200 (if you’re calling from overseas) and we will arrange for a relationship manager to assist you with your application.

4. Where can I find DBS' Fixed Deposit rates?

DBS' Fixed Deposit rates can be found here.

5. What is the latest cut-off time to place a Fixed Deposit with DBS?

Please submit your application before 4pm on working days. Thereafter, the application will be processed on the next working day.

Apply For Your Account In 5 Minutes

Not a DBS SME Banking customer yet? Open both a DBS Business Account and Fixed Deposit Account online and enjoy FREE access to IDEAL™ internet banking and more! Find out more about the Business Account here.

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For social enterprises, please call DBS BusinessCare at 1800 222 2200 to make an appointment with our branches.

Alternatively, click here for the SGD Fixed Deposit form and here for the Foreign Currency Fixed Deposit form.

Why Choose Us?

Because at DBS, our commitment to our customers has made us one of Asia's most recognized banks. This inspires us to constantly redefine boundaries, and deliver on our promises so as to exceed your expectations.

Global Finance

Global Finance

Treasury and Cash Management Providers 2015

Best Overall Treasury & Cash Management Bank, Singapore


Best Trade & Supply Chain Finance Awards 2015

Best Invoice Discount Management
Best Trade Finance Provider, Singapore


Best Foreign Exchange Provider Awards 2015

Best FX Provider, Singapore
Best FX Provider, Southeast Asia

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Why DBS?
Why DBS?

Find out why DBS Business Account is the preferred account by SMEs in Singapore.
Source: Vulcan Post

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Higher interest rates for Fixed Deposits
Higher interest rates for Fixed Deposits

We have adjusted to a higher interest rate for Singapore Dollar (SGD) Fixed Deposit Account.

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Interest Charge for CHF, EUR & JPY
Interest Charge for CHF, EUR & JPY

From 15 Sep 2016, there will be a revision to interest rate for Swiss Franc (CHF), Euro (EUR) and Japanese Yen (JPY) Corporate Account credit balances.

Find out more