Online Fixed Deposit

• Place Fixed Deposit
• Change Fixed Deposit Maturity Instructions

This service allows you to place a Fixed Deposit online by transferring funds from the respective Multi-Currency Settlement Account (MCSA) currency wallets.

Features

• You can view the Fixed Deposit rates before confirming the placement.
• The minimum placement amount and placement period are:
  • For SGD, a minimum amount is SGD1,000, with available tenors starting from 1-month.
  • For foreign currencies, a minimum amount equivalent to SGD5,000, with available tenors starting from 1-day.
• The maximum amount per placement is SGD2,000,000 or equivalent for foreign currencies.
• Only SGD, USD and GBP Fixed Deposits are eligible for same day value date.
• The Fixed Deposit placement if successful will be reflected in iWealth > Portfolios > Transactions page.
• The Fixed Deposit will mature or be renewed according to the rollover option indicated in your maturity instructions.
• Principal and interest amount will be credited to the source MCSA currency wallet upon maturity, according to your maturity instructions.
• Please take note of the service timings at the bottom of the Fixed Deposit placement page.
• Online Fixed Deposit placement for joint-all accounts is not allowed as both parties' authorization are required.
• The placement amount will be debited from your account immediately based on the bank's prevailing interest rate. The placement will be effected on the value date, which is dependent on the currency of placement.
• Upon completion of your transaction, you will be informed of your order number and value date.
• A Fixed Deposit statement will be mailed to you.
• Placements are subjected to our Terms and Conditions Governing Accounts, and copies are available at any of our Singapore branches.

You can change your maturity instructions for your personal/joint-alternate Fixed Deposits.

Features

• You can change your maturity instructions up to 8:30PM on the day before Maturity date for all currencies except SGD, USD and GBP.
• For fixed deposits in SGD, USD and GBP, you can change your maturity instructions up to 8.30PM on Maturity date.
• You may choose from the following change combinations:
  • From No Rollover to Rollover Once and vice versa.
  • From No Rollover to Rollover Recurring and vice versa.
  • From Rollover Once to Rollover Recurring and vice versa.
  • From Principal to Principal + Interest and vice versa, applicable to rollover options.
• The change will be reflected in the respective Fixed Deposits in iWealth > Portfolios > Holdings page.