• DBS US Dollar Foreign Currency Fixed Deposit

    DBS bank offers a range of opportunities to increase your savings steadily. One of the ways is to open a fixed deposit account with the bank. DBS offers an FD for various foreign currencies, including the USD (United States Dollar).

    They offer a wide choice of tenors, beginning from 1 day, 1 week, 1 month, 3 months, and 6 months going up to 12 months. Additionally, weekly tenors are available for minimum deposits of 50,000 in foreign currencies for USD. The minimum amount for opening a fixed deposit account with the DBS bank is the equivalent of S$5,000.The maximum amount you can deposit goes up to more than S$500,000.

    The Development Bank of Singapore is one of the top banks in Singapore that offers great financial products and services. The Development Bank of Singapore offers the foreign currency fixed deposit scheme in several currencies. USD or United States Dollar is one of the currencies that you can choose for your foreign currency fixed deposit. Upon maturity of the placement, the account renews itself automatically. You may choose from a range of flexible tenures, as per your convenience. As far as savings are concerned, this scheme can really be of great help.

    You must understand that earning well alone is not enough. It is a matter of great honour, pride and joy when you get a job that pays you well. You reach very close to your dreams. You achieve a lot many things that you always only imagined. But it is of utmost importance that you save substantially for your future. Financial crisis can walk into your life anytime. You must be prepared for that too. When you invest money in DBS Bank USD Time Deposit Account, your money is safe. Not just that, you can earn hefty amount of interest on the placement that you make. You can easily track the flow of your money via internet banking and mobile banking. The minimum placement that you have to make to start an FCFD account with DBS Bank must be equivalent to SGD 5000.

    DBS US Dollar Foreign Currency Fixed Deposit Interest Rates:

    The interest rate for USD is between the ranges of 1.04% p.a. to 1.61% p.a. depending on the amount and tenure. Since interest rates are subject to change without prior notice, it is best to check the latest rates in order to take an informed decision.

    Rates of Interest offered by USD Foreign Currency Time Deposit offered by DBS Bank

    Amt(USD) Less than 10'000 Less than 25'000 Less than 50'000 Less than 100'000 Less than 250'000 Less than or equivalent 500'000
    1 day 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.2500 percent per annum 0.2500 percent per annum 0.2500 percent per annum
    1 week 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.2300 percent per annum 0.2300 percent per annum 0.2300 percent per annum
    1 mth 0.2800 percent per annum 0.2800 percent per annum 0.2800 percent per annum 0.3400 percent per annum 0.3400 percent per annum 0.3700 percent per annum
    2 mths 0.3400 percent per annum 0.3400 percent per annum 0.3400 percent per annum 0.4200 percent per annum 0.4200 percent per annum 0.4600 percent per annum
    3 mths 0.4600 percent per annum 0.4600 percent per annum 0.4600 percent per annum 0.5300 percent per annum 0.5800 percent per annum 0.5900 percent per annum
    6 mths 0.4600 percent per annum 0.4600 percent per annum 0.4600 percent per annum 0.6200 percent per annum 0.6500 percent per annum 0.6700 percent per annum
    12 mths 0.4400 percent per annum 0.4400 percent per annum 0.4400 percent per annum 0.5950 percent per annum 0.7550 percent per annum 0.7800 percent per annum

    Rates of Interest offered by USD Foreign Currency Time Deposit offered by POSB Bank

    Amt(USD) Less than 10'000 Less than 25'000 Less than 50'000 Less than 100'000 Less than 250'000 Less than or equal to 500'000
    1 day 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.2500 percent per annum 0.2500 percent per annum 0.2500 percent per annum
    1 week 0.0000 percent per annum 0.0000 percent per annum 0.0000 percent per annum 0.2300 percent per annum 0.2300 percent per annum 0.2300 percent per annum
    1 mth 0.2800 percent per annum 0.2800 percent per annum 0.2800 percent per annum 0.3400 percent per annum 0.3400 percent per annum 0.3700 percent per annum
    2 mths 0.3400 percent per annum 0.3400 percent per annum 0.3400 percent per annum 0.4200 percent per annum 0.4200 percent per annum 0.4600 percent per annum
    3 mths 0.4600 percent per annum 0.4600 percent per annum 0.4600 percent per annum 0.5300 percent per annum 0.5800 percent per annum 0.5900 percent per annum
    6 mths 0.4600 percent per annum 0.4600 percent per annum 0.4600 percent per annum 0.6200 percent per annum 0.6500 percent per annum 0.6700 percent per annum
    12 mths 0.4400 percent per annum 0.4400 percent per annum 0.4400 percent per annum 0.5950 percent per annum 0.7550 percent per annum 0.7800 percent per annum
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