Overview of Japanese Yen Fixed Deposit Schemes
The Japanese yen appears to be popular currency choice among customer who wish to save their money in a currency other than the Singapore Dollar on the island. Realizing this requirement in the market, many leading banks today are offering attractive interest rate packages that allow customers to save their money in the Japanese Yen Currency in the form of foreign currency fixed deposit accounts. The economy of Singapore in the present times appears to be booming in every aspect and the market is flooded with different currencies making such foreign currency fixed deposits a popular financial product. Additionally, a fixed deposit account is a great way to save your hard earned income that you can use for any and all future purposes be it planning your wedding, a long and overdue vacation, your dream house and so on.
Here are the details you should know about Japanese Yen, for a few banks in Singapore:
|RHB||1 week to 24 months||Up to JPY99,999 to JPY1 million & above|
|OCBC||1 month to 12 months||First 9,999,999 to above 80,000,000|
|HSBC||2 weeks to 12 months||JPY10 Million to JPY25 Million & above|
|DBS||1 day to 12 months||Above JPY10million to JPY100 million|
|Maybank||1 month to 6 months||JPY2.5 million to JPY25 million|
Using the above table, you can choose the most convenient bank for opening a fixed deposit account using Japanese Yen. It is necessary to carefully consider your options before selecting one as you would be parting away with the money for a fixed duration.