interest-charge

Interest Rate Charges

For Euro, Swiss Franc and Japanese Yen corporate accounts

Interest Rate Charges

For Euro, Swiss Franc and Japanese Yen corporate accounts

Details

With effect from 1 February 2020, the interest rates charges for Euro (EUR) and Swiss Franc (CHF) Corporate Current Account credit balances will be revised.

The following interest rates will apply:

Currency End-of-day balance Interest Rate End-of-day balance Interest Rate
  Effective till 31 January 2020 Effective from 1 February 2020
EUR Below EUR 15,000,000 0% EUR 5,000,000 and below 0%
From EUR 15,000,000 to less than EUR 45,000,000 -0.20% Above EUR 5,000,000 to EUR 50,000,000 -0.25%
CHF Below CHF 15,000,000 0% CHF 5,000,000 and below 0%
From CHF 15,000,000 to less than CHF 50,000,000 -0.20% Above CHF 5,000,000 to CHF 15,000,000 -0.2%
  For end-of-day balances that are CHF 50,000,000 / EUR 45,000,000 or more, please check with your Relationship Manager for the applicable daily moving rate. For end-of-day balances that are above CHF 15,000,000 / EUR 50,000,000, please check with your Relationship Manager for the applicable daily moving rate.

 

The following interest rate charges for Japanese Yen (JPY) Corporate Current Account credit balances will still prevail as follows.

Currency End-of-day balance Interest Rate
JPY JPY 1.5 Billion and below 0%
Above JPY 1.5 Billion to JPY 5 Billion -0.20%

For end-of-day balances that are above JPY 5 Billion, please check with your Relationship Manager for the applicable daily moving rate.

 

You will see the negative credit interest amount with the transaction code “ODINT” in the account statement. Please note that this transaction will combine the credit interest charge amount and any overdraft charge.

For CHF/EUR Fixed Deposit placements and rollovers, they will be subjected to the Bank’s prevailing Fixed Deposit rates of the day.

Contact

For further queries:

  • Call 1800 222 2200 (+65 6222 2200 for overseas)
  • Email us at BusinessCareSG@dbs.com 
  • Speak to your Relationship Managers

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