Overview of Bank of East Asia Foreign Currency Fixed Deposit Account
BEA or Bank of East Asia offers its Foreign Currency Fixed Deposit Account to be denominated in 9 major foreign currencies including the Australian Dollar (AUD), Great Britain Pound (GBP), Canadian Dollar (CAD), Hong Kong Dollar (HKD), Japanese Yen (JPY), the United States Dollar (USD), Swiss Franc (CNH), New Zealand Dollar (NZD) and Euro (EUR). The Bank of East Asia is one of the very few banks in Singapore to offer competitive interest rate packages for their Foreign Currency Fixed Deposit Account denominated in Euro (EUR) currency. Additionally, the bank also offers an array of flexible deposit tenures ranging from 1 week and up to a maximum of 12 months. However, if you wish to choose a deposit tenure of 1 month or above, you will be required to open a fixed deposit account with a minimum placement amount of at least US $20, 000 or its equivalent in the Euro (EUR) currency. Also, if you would like to renew your fixed deposit or a withdraw your savings from this account, you will be required to give Bank of East Asia, Singapore instructions at least 2 working days in advance for them to process the same.
Interest Rate Structure for Bank of East Asia Foreign Currency Fixed Deposit Account
Find the Board interest rate structure offered by Bank of East Asia for the Euro (EUR) currency under the different tenures