HSBC US Dollar Foreign Currency Fixed Deposit
Opening a fixed deposit account is one of the ways to stow away your money for a fixed duration. The HSBC offers a plethora of options to choose from, when it comes to opening a fixed deposit account. They offer various international currencies, and USD (United States Dollar) is one of them.
The tenure begins at two weeks and goes up to 12 months. However, your money will gain interest only after the duration of 2 months. You can open a fixed deposit account with a minimum amount of USD25,000. They accept a maximum amount even above USD1 million.
With HSBC Bank you can choose a wide range of currencies for your foreign currency time deposit account. Among these currencies, USD or United States Dollar is one. The minimum placement that you have to make to start a FCFD with this bank is also very low.
Overview on HSBC Foreign Currency FD Schemes
The Foreign Currency Fixed Deposit scheme offered by HSBC Bank or Hong Kong and Shanghai Corporation Bank is a unique scheme that offers a myriad of benefits and features. It is of great importance that you save your hard earned money. It is a really good thing to earn a lot and spend on what you love, but at the end of the day you must save substantially for the future. When it comes to savings. A lot of people trust fixed deposits. With Fixed Deposits, not only is your hard earned money safe with the bank, but also you can easily earn good interest amount on your placements. You can choose a tenure that is flexible too.
HSBC US Dollar Foreign Currency Fixed Deposit interest rates:
HSBC bank offers competitive interest rates for their customers. The interest rates for regular customers are in the range of 0.11% to 0.48% p.a. conditional to the amount and duration. The rate of interest is slightly higher for HSBC Advance and HSBC Premier customers.
Foreign currency interest rates depend heavily on both international economic conditions, exchange rate of the currency with US dollar as well as Singapore dollar, and even the bank’s own financial condition. Since the rate of interest varies from time to time, it would be worthwhile to check out the latest interest rates here before making the final call.