It is a good idea to start a fixed deposit account if are in possession of a large sum of foreign currency. HLB Singapore offers a lot of options for the interest rate customers to open a fixed deposit account in several foreign currencies including the AUD (Australian Dollars). A fixed deposit in a foreign currency is a good way of earning high interest rates.
Opening a fixed deposit account can pave the way for you to save a lot of money and get higher returns on your investment. You will enjoy the flexibility of choosing from various tenures and you will not need to deposit a lot of money to open such an account. If you are looking for high returns, you can opt for foreign currency deposit and make deposits in foreign currencies such as Australian Dollar, US Dollar, Great Britain Pound etc. Foreign currency deposits can help you make money and fulfil your dreams as they offer higher returns due to the high demand for certain currencies such as Australian Dollars, US Dollars etc.
There are many banks and financial institutions in Singapore that offer foreign currency deposits and one such bank is Hong Leong Bank. With a Hong Leong Finance AUD Fixed Deposit account, you can make deposits in Australian Dollar (AUD) and earn higher returns within a short period of time.
The tenor of fixed deposit account is from 1 month, 3 months, 6 months, and going up to 12 months.
The bank levies handling charges on transfers of deposits via demand draft. However, there are no handling charges for telegraphic transfer. Additionally, the bank may charge you for premature withdrawal of funds from fixed deposit account. This is, however at the sole discretion of the bank.
Hong Leong Bank AUD foreign currency fixed deposit interest rate-
The interest rate earned on your fixed deposit account ranges from 1.58% to 2% p.a. depending on the amount and tenor.
Since interest rates offered by banks are dynamic, it is important to check before taking the final call.