Fixed Deposits

Fixed Deposit – Foreign Currency

Earn foreign exchange gains on top of interest with Foreign Currency Fixed Deposit.

Fixed Deposit – Foreign Currency

The Foreign Currency Fixed Deposit Account gives you exposure to your chosen foreign currency and allows you to earn potentially higher rates compared to S$ deposits.


  • Choice of 9 Foreign Currencies: select from a list of currencies and interest rates from the list here
  • Choice of tenor: from one month to a year

Minimum deposit amounts from S$5,000 equivalent (For RMB deposit, the minimum Foreign Exchange conversion is S$50,000 equivalent. Upon conversion into RMB, you may make multiple placements of same/different tenor with minimum S$5,000 equivalent per placement.)

How to Apply

  • If you have iBanking

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  • New to DBS?

    Required documents for account opening at branch

    Singapore citizens and permanent residents
    - Singapore NRIC

    - Passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
    - Either one of the documents below for proof of address (within last 3 months)

    1. In-Principle-Approval letter issued by Ministry of Manpower (MOM); or
    2. Utility bill; or
    3. Telephone bill; or
    4. Bank or credit card statements/bank reference letter; or
    5. Rental agreement; or
    6. Management fee bill; or
    7. Letter from the human resource department of current employer

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Product Details

Eligibility & Requirements

You are eligible for this account if you are at least 18 years old. For customers who are less than 12 years old and wish to open a Foreign Currency Fixed Deposit Account, a trust minor account may be opened with the parent or legal guardian who is at least 21 years old.

Services and Charges

  • Please refer to the Deposits Guide for services charges applicable for deposits and withdrawals

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.

The example below assumes that you have US$10,000 in your Bank's FC account and you intend to invest this sum in fixed deposit for a period of 12 months. There are 2 options for consideration : continue to place the sum in the foreign currency account or to place it in S$ FD.

Placing US$10,000 (Principal Amount) for 12 month (Placement Period) at 3.125% p.a. (FCFD Interest Rate) will earn you an interest of US$312.50 at the end of the 12 month period. Your total investment for 12 months (Principal + Interest) will become US$10,312.50.

Alternatively, if you decide to place the same amount in S$ Fixed Deposits for 12 months, your Principal Amount will be S$14,705 (based on the Bank's US$ Buying TT rate of 1.4705). At the quoted interest rate of 0.825% p.a. for 12 month, your total investment will be S$14,826.32 at the end of 12 month.

You will make a capital gain in S$ (If you withdraw the US$10,312.50 in S$) if the Bank's US$ Buying rate is higher than 1.4377 (14,826.32/10,312.50) in 12 month's time. On the other hand, you will incur a capital loss if this rate falls below 1.4377.

Calculate now


  • The FCFD Break-even Calculator is provided for information only. The rates used in the calculation are indicative and not to be used for transaction.
  • Placement of FCFD must be made at our Branches where actual rates will be quoted when making your placements. There will be Bank charges for conversion and clearing of funds depending on the settlement mode you use.
  • Foreign currency investments are subject to fluctuations in exchange rates.

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. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.

FCY Rates
FCY Rates

Check the latest Foreign Currency Fixed Deposits rates here

View rates

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