Standard Chartered, Singapore is offering attractive features and benefits for their Foreign Currency Time Deposits. You can choose from their flexible range of tenures starting from 1 week and up to 12 months. Standard Chartered also provides you with Internet Banking and Phone Banking 24 hours a day to make your banking experience more convenient. The bank additionally provides the Automatic Renewal facility which allows you to conveniently renew your fixed deposit when it reaches its maturity period. Apart from these features, you can also avail the overdraft facility of up to 90% of your deposit account. The minimum deposit amount for United States Dollar (USD) is 5000 units which one of the lowest minimum amount requirements when compared to other banks and financial institutions on the island. Singapore Citizens (SCs), Singapore Permanent Residents (PRs) and Foreigners who are at least 18 years of age are eligible to apply for the Standard Chartered Foreign Currency Time Deposit, USD Fixed Deposit account.
Standard Chartered is one of the popular banks in Singapore that provides financial products with competitive features. The banking experience with Standard Chartered Bank is made highly convenient especially in case of fixed deposit. The bank facilitates fixed deposit not only in Singapore dollars but also for 10 other foreign currencies. The foreign currencies that Standard Chartered Bank allows for fixed deposits are:
- US Dollar
- Australian Dollar
- Singapore Dollar
- Canadian Dollar
- Hong Kong Dollar
- Euro Dollar
- Japanese Yen
- Pound Sterling
- Swiss Franc
- Chinese Yuan RenMinBi
- New Zealand Dollar
With Foreign Currency Time Deposits, you get a flexible tenure that starts from one week to twelve months. It also offers automatic renewal of fixed deposits upon maturity. It enables you to access your deposited money instantly without any difficulty. The initial deposit amount for US dollars is 5,000 units. The premature uplift handling fee and penalty charges are applicable. Premature uplift handling fee is US$25. Interest rates for Foreign Currency Time Deposit keeps changing, the range falls between 0.1750% p.a. to 1.2430% p.a.
Interest Rate Structure for the US Dollar Time Deposits offered by Standard Chartered, Singapore
Find the Foreign Currency interest rate packages offered by Standard Chartered for United States Dollar (USD) currency for different tenures and different deposit amounts –
Note – The aforementioned rates have been updated as of February 29, 2016.