DBS Multi-Currency Settlement Accounts (MCSA)
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 EUR1m | 0.000% |
| Next EUR9m | 0.000% |
| Remaining balance >EUR10m | 0.000% |
| Japanese Yen (JPY) | |
|---|---|
| First JPY0.5bn | 0.000% |
| Next JPY1bn | -0.200% |
| Remaining balance >JPY1.5bn | 1 week prevailing rate* with a minimum charge of 2.000% |
| Swiss Francs (CHF) | |
|---|---|
| First CHF1m | 0.000% |
| Next CHF9m | 0.000% |
| Remaining balance >CHF10m | 0.000% |
| Danish Krone (DKK) | |
|---|---|
| First DKK10m | 0.000% |
| Next DKK90m | 0.000% |
| Remaining balance >DKK100m | 0.000% |
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.