Standard Chartered is one of the popular banks in Singapore that provides a wide range of financial products and services. The bank facilitates fixed deposit not only in Singapore dollars but also in 10 other foreign currencies.
Standard Chartered Singapore offers Foreign Currency Time Deposits with flexible tenures starting from 1 week and goes up to 12 months. With the automatic renewal facility, your fixed deposit will be renewed automatically when it reaches its maturity period.
Additionally, you can also use the overdraft facility for up to 90% of your deposit account. The minimum deposit amount for a USD fixed deposit is USD 5000.
The foreign currencies that Standard Chartered Bank allows for foreign currency fixed deposits include:
- United States Dollar (USD)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Hong Kong Dollar (HKD)
- Euro (EUR)
- Pound Sterling (GBP)
- Swiss Franc (CHF)
- New Zealand Dollar (NZD)
- Singapore citizens (SCs), Permanent Residents (PRs) and foreigners who are at least 18 years of age qualify to apply for the Standard Chartered Foreign Currency Time Deposit.
US Dollar Foreign Currency Fixed Deposit Interest Rates
Deposit Amount ↓
|1 Week (p.a.)||2 Weeks (p.a.)||1 Month (p.a.)||2 Months (p.a.)||3 Months (p.a.)||6 Months (p.a.)||12 Months (p.a.)|
|USD5,000 to USD24,999||0.7480%||0.7980%||1%||1.1630%||1.4660%||1.6690%||1.9220%|
|USD25,000 to USD49,999||0.7480%||0.7980%||1%||1.1630%||1.4660%||1.6690%||1.9220%|
|USD50,000 to USD99,999||0.7480%||0.7980%||1%||1.1630%||1.4660%||1.6690%||1.9220%|
|USD100,000 to USD249,999||0.9480%||0.9980%||1.2%||1.3630%||1.6660%||1.8690%||2.1220%|
|USD250,000 to USD499,999||1.0480%||1.0980%||1.3%||1.4630%||1.7660%||1.9690%||2.2220%|
|USD500,000 and above||1.0980%||1.1480%||1.35%||1.5130%||1.8160%||2.0190%||2.2720%|