Singapore Dollar Fixed Deposit

Will my account be opened instantly?

For applications made between Mondays to Sunday, 0700 hr to 2230 hr, your account will be opened instantly. For applications made on the last day of the month, applications made between 0700 hr and 2000 hr will be opened immediately. Beyond these periods, account opening will take 2 working days (including Public Holidays).
How will I be informed if the account has been opened?

Once the account has been opened, you will receive a message in your "Notifications" on iBanking. The account number will be stated in the message. If you are unable to open the account, you will also receive a message in your "Notifications" on iBanking.
Will the new account be automatically linked to my iBanking services?

Yes.

Can I make a SGD Fixed Deposit Placement if I do not have a SGD Fixed Deposit account?

You will need to be an existing SGD Fixed Deposit account holder before you may make an SGD Fixed Deposit placement through DBS iBanking. If you do not have an account, you may open an account via DBS iBanking.
What is the placement amount I can make?
- For SGD Fixed Deposit Accounts, the minimum amount is S$1,000.
- For Premier Income Accounts, the minimum amount is S$10,000.
What are the deposit periods I can choose from?
- For SGD Fixed Deposit Accounts, the available periods are 1-12, 18 or 24 months.
- For Premier Income Accounts, the available periods are 6-12, 18 or 24 months.
Can I set my maturity instruction at the point of placement?

Yes, you may select the following maturity instruction at point of placement, and the bank will automatically act on your instruction upon maturity of your deposit:
- Rollover Principal + Interest
- Withdraw Principal + Interest
- Rollover Principal + Withdraw Interest
Will I know the interest rates for my SGD Fixed Deposit placement?

Yes, you can view online rates before confirming the placement.