The SBI Singapore Sterling Pound Foreign Currency Fixed Deposit is open to Singapore citizens, Permanent Residents, and foreigners who are at least 21 years of age and above. Tenor options for this foreign currency fixed deposit include 3 months, 6 months, and 1 year.
You can open a Sterling Pound Foreign Currency Deposit with an initial deposit amount of GBP 5,000. Additionally, you can also deposit or withdraw foreign currencies via telegraphic transfers. There are no charges for maintenance of the account. However, exchange rates are applicable for internet banking.
Sterling Pound Foreign Currency Term Deposit Interest Rates
The interest rate for a GBP Foreign Currency Term Deposit ranges between 0.1500% p.a. and 0.6800% p.a. based on the tenor you opt for and your deposit amount. The interest rates offered by banks are dynamic, hence make sure you check with the bank before taking the final call.