If you have a large sum in a foreign currency, it is a good idea to put that money in a fixed deposit account. HLB Singapore offers customers numerous options to open a fixed deposit account in several foreign currencies including AUD (Australian Dollars). A fixed deposit in a foreign currency is an ideal way of earning high interest.
Opening a fixed deposit account can help you save a lot and get higher returns on your investment. You will enjoy the flexibility of choosing from various tenures and you do not have to deposit a large sum to open such an account. If you are looking for high returns, you can opt for a 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 more money 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 starts from 1 month 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 the fixed deposit account. This is, however based on 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 1.74% to 2.219% 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.