Standard Chartered Foreign Currency Time Deposits

With Standard Chartered Foreign Currency Fixed Deposit, you will earn up to 2.50% p.a. as interest. In addition, you will get other features such as flexible tenure, automatic renewal, consolidated statement and more.

Overview of Standard Chartered Foreign Currency Fixed Deposit

Standard Chartered offers its Foreign Currency Fixed Deposit at competitive interest rates with the tenure starting from a week going up to a year.

Standard Chartered accepts the following foreign currencies –

  • United States Dollar (USD)
  • Sterling Pound (GBP)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Euro (EUR)
  • Hong Kong Dollar (HKD)
  • New Zealand Dollar (NZD)
  • Swiss Franc (CHF)
  • Japanese Yen (JPY)
  • Chinese Renminbi (Renminbi Offshore - CNH)

Standard Chartered Foreign Currency Fixed Deposit Features and Benefits

  • Fixed Deposit Tenure – starting from a week to a maximum of 12 months.
  • Attractive interest rate structure offered for different foreign currencies.
  • Automatic renewal of the fixed deposit upon maturity.
  • Convenient banking facilities that include 24 hours Phone Banking and Online Banking.
  • Easy to maintain with a consolidated statement.
  • Overdraft facility of up to 90% of your deposit amount.
  • Available in over 10 currencies.

Initial Deposit amount for the Standard Chartered Foreign Currency Fixed Deposit

Please find below the initial deposit amount for the accepted foreign currencies –

Currency Initial Deposit Amount
United States Dollar (USD) 5,000
Sterling Pound (GBP) 5,000
Australian Dollar (AUD) 5,000
Canadian Dollar (CAD) 25,000
Euro (EUR) 5,000
Hong Kong Dollar (HKD) 25,000
New Zealand Dollar (NZD) 5,000
Swiss Franc (CHF) 25,000
Japanese Yen (JPY) 3,000,000
Renminbi Offshore (CNH) 25,000

Note: A charge of USD 25 and any penalty charges are applicable as premature uplift handling fee.

Eligibility Criteria for the Standard Chartered Foreign Currency Fixed Deposit

The following people are eligible to apply for the Standard Chartered Foreign Currency Fixed Deposit

  • Singapore Citizens
  • Singapore Permanent Residents (PRs)
  • Foreigners
  • The applicant must be at least 18 years of age

Documentation Required for the Standard Chartered Foreign Currency Fixed Deposit

  • Singapore Citizens and Singapore Permanent Residents (PRs) must carry a copy (both front and back) of their NRIC

Foreigners must provide all the documents mentioned below mandatorily to be eligible for this Fixed Deposit –

  • Passport
  • Employment Pass
  • Any one of the documents below –
    1. Utility bills for the latest 3 months.
    2. Bank statement for the latest 3 months.
    3. A letter from the current employer’s Human Resource Department that mentions your address.
    4. Any government Issued documents that mentions your address, such as IRAS, ICA, CPF etc.
    5. Telecommunications bill.
    6. Tenancy agreement.
  • The following income proof documents must be provided –
    1. For Salaried Employees –
    2. The latest or the previous month’s payslip (must be computerised) from the current employer. Note – handwritten payslips cannot be accepted.

      OR

      The latest Income Tax NOA (Notice of Assessment) – if you will be faxing this document to Standard Chartered, ensure that the document is faxed from the bottom end first.

Applying for the Standard Chartered Foreign Currency Fixed Deposit

  • You can fill in the Contact Form available on the official Standard Chartered website and the bank will then contact you.
  • You can contact the bank on their hotline number and request for further information on the Foreign Currency Fixed Deposit and also start the application process.
  • You can visit your nearest Standard Chartered Bank Branch and apply for the loan directly.

Find below the interest rate structure for United States Dollar (USD) –

United States Dollar - USD 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
5,000 to 24,999 0.7430 0.7940 0.9980 1.1560 1.4620 1.6590 1.9080
25,000 to 49,999 0.7430 0.7940 0.9980 1.1560 1.4620 1.6590 1.9080
50,000 to 99,999 0.7430 0.7940 0.9980 1.1560 1.4620 1.6590 1.9080
100,000 to 249,999 0.9430 0.9940 1.1980 1.3560 1.6620 1.8590 2.1080
250,000 to 499,999 1.0430 1.0940 1.2980 1.4560 1.7620 1.9590 2.2080
500,000 and above 1.0930 1.1440 1.3480 1.5060 1.8120 2.0090 2.2580

Find below the interest rate structure for Sterling Pound (GBP) –

STERLING POUNDS - GBP 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
5,000 to 24,999 0.0500 0.0500 0.1000 0.1200 0.1500 0.2000 0.3000
25,000 to 49,999 0.0500 0.0500 0.1000 0.1200 0.1500 0.2000 0.3000
50,000 to 99,999 0.0500 0.0500 0.1000 0.1200 0.1500 0.2000 0.3000
100,000 to 249,999 0.0500 0.0500 0.1000 0.1200 0.1940 0.3020 0.4690
250,000 to 499,999 0.0500 0.0500 0.1000 0.140 0.2940 0.4020 0.5690
500,000 and above 0.0500 0.0500 0.1000 0.190 0.3440 0.4520 0.6190

Find below the interest rate structure for Australian Dollar (AUD) –

AUSTRALIAN DOLLARS - AUD 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
5,000 TO 24,999 0.0000 0.0000 0.1520 0.4680 0.7620 0.9360 1.2910
25,000 TO 49,999 0.0000 0.0000 0.1520 0.4680 0.7620 0.9360 1.2910
50,000 TO 99,999 0.0000 0.0000 0.3520 0.6680 0.9620 1.1360 1.4910
100,000 TO 249,999 0.0000 0.0000 0.4520 0.7680 1.0620 1.2360 1.5910
250,000 TO 499,999 0.0000 0.0000 0.6520 0.9680 1.2620 1.4360 1.7910
500,000 AND ABOVE 0.0000 0.0000 0.8520 1.1680 1.4620 1.6360 1.9910

Find below the interest rate structure for New Zealand Dollar (NZD) –

NEW ZEALAND DOLLARS - NZD 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
5,000 TO 24,999 0.0000 0.0000 0.3590 0.8340 1.0970 1.2200 1.4690
25,000 TO 49,999 0.0000 0.0000 0.3590 0.8340 1.0970 1.2200 1.4690
50,000 TO 99,999 0.0000 0.0000 0.4590 0.9340 1.1970 1.3200 1.6690
100,000 TO 249,999 0.0000 0.0000 0.5590 1.0340 1.2970 1.4200 1.7690
250,000 TO 499,999 0.0000 0.0830 0.7590 1.2340 1.4970 1.6200 1.9690
500,000 AND ABOVE 0.1850 0.2830 0.9590 1.4340 1.6970 1.8200 2.1690

Find below the interest rate structure for Euro (EUR) –

EURO - EUR 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
5,000 TO 24,999 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
25,000 TO 49,999 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
50,000 TO 99,999 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
100,000 TO 249,999 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
250,000 TO 499,999 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
500,000 AND ABOVE 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000

Find below the interest rate structure for Canadian Dollar (CAD) -

CANADIAN DOLLARS - CAD 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
25,000 TO 49,999 0.5970 0.6380 0.7630 0.8660 1.0620 1.0770 1.5040
50,000 TO 99,999 0.5970 0.6380 0.7630 0.8660 1.0870 1.0770 1.5040
100,000 TO 249,999 0.5970 0.6380 0.7630 0.8910 1.1120 1.1270 1.5540
250,000 TO 499,999 0.5970 0.6380 0.7880 0.9160 1.1370 1.1770 1.6040
500,000 AND ABOVE 0.5970 0.6380 0.8130 0.9410 1.1620 1.2270 1.6540

Find below the interest rate structure for Hong Kong Dollar (HKD) –

HONG KONG DOLLARS - HKD 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
25,000 TO 49,999 0.1800 0.1800 0.7800 0.8750 1.0150 0.8875 1.2875
50,000 TO 99,999 0.1800 0.1800 0.7800 0.8750 1.1250 1.0000 1.4125
100,000 TO 249,999 0.1800 0.1800 0.7800 0.9250 1.2250 1.1250 1.5375
250,000 TO 499,999 0.1800 0.1800 0.7800 0.9750 1.2500 1.2750 1.6625
500,000 AND ABOVE 0.1800 0.1800 0.7800 1.0250 1.3670 1.3875 1.7250

Find below the interest rate structure for Chinese Renminbi (CNH) –

CHINESE RENMINBI - (CNH) 1 Week 2 Weeks 1 Month 2 Months 3 Months 6 Months 12 Months
25,000  TO  49,999 0.0000 0.0000 1.3500 1.4000 1.5500 2.5000 3.2000
50,000  TO  99,999 0.0000 0.0000 1.4000 1.4500 1.6000 2.5500 3.2500
100,000 TO 249,999 0.0000 0.0000 1.4500 1.5000 1.6500 2.6000 3.3000
250,000 TO 499,999 0.0000 0.0000 1.5000 1.5500 1.7000 2.6500 3.3500
500,000 AND ABOVE 0.0000 0.0000 2.0500 2.0500 2.2000 3.0000 3.6000

Important Notes –

  • These rates are for reference purpose and are updated on a regular basis. The rates are subject to change without prior notice.
  • These rates are for general information and do not constitute any offer, solicitation or recommendation to enter into any transaction. The bank will not be held accountable in case of any damage or loss incurred directly or indirectly.
  • Other Terms and Conditions apply.

Frequently Asked Questions

  1. What deposit tenures are provided for the Standard Chartered Foreign Currency Fixed Deposit?
  2. Standard Chartered offers flexible deposit tenures for the Foreign Currency Fixed Deposit that are as follows – 1 week, 2 weeks, 1 month, 2, 3, 6 and 12 months.

  3. Does Standard Chartered provide an overdraft facility on the Foreign Currency Fixed Deposit?
  4. Yes. You can get an overdraft facility of up to 90% of your deposit amount for your Foreign Currency Fixed Deposit account.

  5. What currencies are accepted for the Standard Chartered Foreign Currency Fixed Deposit?
  6. Standard Chartered accepts the following foreign currencies for its Foreign Currency Fixed Deposit - United States Dollar (USD), Sterling Pound (GBP), Australian Dollar (AUD), Canadian Dollar (CAD), Euro (EUR), Hong Kong Dollar (HKD), New Zealand Dollar (NZD), Swiss Franc (CHF), Japanese Yen (JPY) and Chinese Renminbi (Renminbi Offshore - CNH).

  7. Is there an age requirement to apply for the Standard Chartered Foreign Currency Fixed Deposit?
  8. Yes. The applicant must be at least 18 years of age to be eligible to apply for the Standard Chartered Foreign Currency Fixed Deposit.

  9. How do I apply for the Standard Chartered Foreign Currency Fixed Deposit?
  10. You can apply for the Standard Chartered Foreign Currency Fixed Deposit in the following 3 ways –

    • You can visit the official Standard Chartered Singapore website and fill in the Contact Form with all the requested details. The bank will then get in touch with you regarding the same.
    • You can call Standard Chartered hotline number for further information and start the application process.
    • You can visit your nearest Standard Chartered Bank branch and apply for the Foreign Currency Fixed Deposit directly in person.
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