A fixed deposit account is one of the safest ways to earn interest on a lump sum amount. Oversea-Chinese Banking corporation (OCBC) provides various ways to earn interest on the money which you deposit as a fixed deposit account. OCBC offers a fixed deposit account in many major currencies. One of the most popular currencies, the USD (United Stated Dollar), can be used to open a fixed deposit account.
Oversea Chinese Banking Corporation cares about its customers and offers innovative and customisable financial products. The foreign currency fixed deposit scheme offered by Oversea Chinese Banking Corporation is unique and comes with a myriad of benefits and features. The minimum placement that you have to make is very low. When you choose a foreign currency fixed deposit account to save your hard earned money, not only is your money safe, but also, you can earn a good amount of interest on that placement. You can choose from a wide range of flexible tenures. You can choose from different foreign currencies when opening an FCFD account with Oversea Chinese Banking Corporation. USD is one of the currencies that you may choose. The rates of interest offered with the United States Dollar Foreign Currency Fixed Deposit scheme are very attractive for the customers.
You must understand that earning well has no meaning unless you are saving too. If you keep on earning and spending it all out at the same time, you will never be able to save your money. You need substantial amount of savings for your future. When it comes to savings, you can definitely trust Foreign Currency Fixed Deposit Schemes.
The minimum amount required to begin a fixed deposit account is USD5,000. The minimum tenure is 1 month and the maximum tenure is 12 months. The interest rates varies from 0.84% to 1.14% p.a. depending on the amount and tenure. However, please note, the interest rates are available only Monday to Friday, excluding public and currency holiday.
What’s more, Singaporeans, Singapore PRs as well as foreigners above the age of 18 years are eligible for opening this fixed deposit account.
OCBC US Dollar Foreign Currency Fixed Deposit interest rate:
Interest rates are subject to change from time to time, as they are dependent on various factors such as the bank’s profit and external economic situations.