The following currencies interest rates are applicable to DBS Multi-Currency Settlement Accounts (MCSA):

For DBS MCSA, please be informed that negative interest rates are applied on cash balances held in certain currencies.

Singapore Dollar (SGD)

FirstS$10,000

0.050%

Next $90,000

0.050%

Next $250,000

0.050%

Next $650,000

0.050%

Remaining balance above $1,000,000

0.050%

 

Australian Dollar (AUD)

First AUD10,000

0.000%

Next AUD90,000

0.000%

Next AUD250,000

0.000%

Next AUD650,000

0.000%

Remaining balance >AUD1m

0.000%

 

Canadian Dollar (CAD)

First CAD10,000

0.000%

Next CAD90,000

0.000%

Next CAD250,000

0.000%

Next CAD650,000

0.000%

Remaining balance >CAD1m

0.000%

 

Chinese Renminbi (Offshore) (CNH)

First CNH10,000

0.000%

Next CNH90,000

0.000%

Next CNH250,000

0.000%

Next CNH650,000

0.000%

Remaining balance >CNH1m

0.000%

 

Hong Kong Dollar (HKD)

First HKD10,000

0.000%

Next HKD90,000

0.000%

Next HKD250,000

0.000%

Next HKD650,000

0.000%

Remaining balance >HKD1m

0.000%

 

New Zealand Dollar (NZD)

First NZD10,000

0.000%

Next NZD90,000

0.000%

Next NZD250,000

0.000%

Next NZD650,000

0.000%

Remaining balance >NZD1m

0.000%

 

Norwegian Kroner (NOK)

First NOK10,000

0.000%

Next NOK90,000

0.000%

Next NOK250,000

0.000%

Next NOK650,000

0.000%

Remaining balance >NOK1m

0.000%

 

Sterling Pound (GBP)

First GBP10,000

0.000%

Next GBP90,000

0.000%

Next GBP250,000

0.000%

Next GBP650,000

0.000%

Remaining balance >GBP1m

0.000%

 

Swedish Kroner (SEK)

First SEK10,000

0.000%

Next SEK90,000

0.000%

Next SEK250,000

0.000%

Next SEK650,000

0.000%

Remaining balance >SEK1m

0.000%

 

Thai Baht (THB)

First THB1m

0.000%

Next THB9m

0.000%

Next THB25m

0.000%

Next THB65m

0.000%

Remaining balance >THB100m

0.000%

 

US Dollar (USD)

First USD10,000

0.030%

Next USD90,000

0.030%

Next USD250,000

0.030%

Next USD650,000

0.050%

Remaining balance >USD1m

0.050%

 

Euro (EUR)

First EUR5m

0.000%

Next EUR45m

-0.200%

Remaining balance >EUR50m

1 week prevailing rate* with a minimum charge of 2.000%

 

Japanese Yen (JPY)

First JPY1.5bn

0.000%

Next JPY3.5bn

-0.200%

Remaining balance >JPY5.0bn

1 week prevailing rate* with a minimum charge of 2.000%

 

Swiss Francs (CHF)

First CHF5m

0.000%

Next CHF10m

-0.200%

Remaining balance >CHF15m

1 week prevailing rate* with a minimum charge of 2.000%

Rates quoted are in % p.a. and are subject to change without prior notice.

Note
- Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.
- *The prevailing rate refers to the bank’s prevailing cost/value to hold such currencies at the stipulated threshold. Where the 1 week prevailing rate is higher than the negative interest charge of 2.00%, the 1 week prevailing rate will be applied without prior notice to you.

Important notice: We will undergo a scheduled system maintenance on 6 December 2020, from 12:30am to 2:30am. Please note that some services will be unavailable during this period. Find out more.

In line with prevailing industry practice, effective 1 January 2021, a service fee will apply for each post-dated DBS/POSB SGD returned cheque. Click here to find out more.