• Top 5 US Dollar Deposits in Singapore

    Singapore is one of the best places in the world to enjoy the benefits of modern day banking. The island nation is one of the banking hubs in the world and the banks and financial institutions in Singapore offer world class services and products to their customers. The per capita income of Singaporeans is higher than that of people in most countries around the globe and so it is not surprising that Singaporeans also believe in saving money and expanding their investment portfolio. Most of the banks and financial institutions in Singapore offer fixed deposit products and they even accept deposits in US Dollars.

    If you are planning to open a fixed deposit account to expand your financial portfolio or simply save money, you can opt for a US dollar fixed deposit account as you will be able to enjoy higher returns in the long run. The value of US Dollar is always on the rise due to the steady nature of the world’s largest economy i.e. the US economy and so deposits made in US Dollars can yield higher returns that deposit made in other currencies. Here are the top 5 US Dollar deposit schemes available in Singapore:

    1. DBS Bank Fixed Deposit –
    2. One of the top banks in Singapore, DBS Bank offer deposits in multiple currencies including US Dollars. The interest rates offered with DBS Bank Fixed Deposit accounts for US Dollar deposits are as follows:

      US Dollar Deposits
        Deposit Amount
      Term of the Deposit Less Than USD 10'000 Less Than USD 25'000 Less Than USD 50'000 Less Than USD 100'000 Less Than USD 250'000 Less Than or Equal To USD 500'000
        Interest Rates Interest Rates Interest Rates Interest Rates Interest Rates Interest Rates
      1 day 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent
      1 week 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent
      1 month 0.04 per cent 0.04 per cent 0.04 per cent 0.1 per cent 0.1 per cent 0.13 per cent
      2 months 0.09 per cent 0.09 per cent 0.09 per cent 0.17 per cent 0.17 per cent 0.21 per cent
      3 months 0.15 per cent 0.15 per cent 0.15 per cent 0.22 per cent 0.27 per cent 0.28 per cent
      6 months 0.17 per cent 0.17 per cent 0.17 per cent 0.34 per cent 0.37 per cent 0.39 per cent
      12 months 0.22 per cent 0.22 per cent 0.22 per cent 0.375 per cent 0.535 per cent 0.56 per cent

    3. Maybank Fixed Deposit –
    4. This Malaysian bank has a very strong presence in Singapore and offers very lucrative rates with its fixed deposit accounts. The interest rates offered by Maybank fixed deposits are listed below.

        Term of the Deposit
      Currency Minimum Deposit Amount 1 month 2 months 3 months 6 months
      USD 10,000 0.1000 per cent 0.2000 per cent 0.3700 per cent 0.6500 per cent

       

        Term of the Deposit
      Currency Minimum Deposit Amount 1 month 2 months 3 months 6 months
      USD 50,000 0.1000 per cent 0.2000 per cent 0.3700 per cent 0.6500 per cent

       

        Term of the Deposit
      Currency Minimum Deposit Amount 1 month 2 months 3 months 6 months
      USD 100,000 0.1500 per cent 0.2500 per cent 0.4200 per cent 0.7000 per cent

      SAVvy Foreign Currency Deposit

        Term of the Deposit
      Currency Minimum Deposit Amount 1 month 2 months 3 months 6 months
      USD S$10,000 0.1500 per cent 0.2500 per cent 0.4200 per cent 0.7000 per cent

    5. RHB Bank Fixed Deposit –
    6. RHB Bank accepts deposits in multiple currencies and also offers very attractive interest rates with them. The rates for US Dollar Deposits are given below.

      Up to USD 99,999

      Tenure
      Currency 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months 24 Months
      USD 0.39 per cent 0.44 per cent 0.49 per cent 0.59 per cent 0.69 per cent 0.74 per cent 0.79 per cent 0.84 per cent

      USD 100,000 to USD 499,999

      Currency 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months 24 Months
      USD 0.41 per cent 0.46 per cent 0.51 per cent 0.61 per cent 0.71 per cent 0.76 per cent 0.81 per cent 0.86 per cent

      USD 500,000 to USD 999,999

      Currency 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months 24 Months
      USD 0.43 per cent 0.48 per cent 0.53 per cent 0.63 per cent 0.73 per cent 0.78 per cent 0.83 per cent 0.88 per cent

      USD 1,000,000 or more

      Currency 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months 24 Months
      USD 0.45 per cent 0.5 per cent 0.55 per cent 0.65 per cent 0.75 per cent 0.8 per cent 0.85 per cent 0.9 per cent

    7. UOB Fixed Deposit –
    8. Being one of the top 3 banks in Singapore, UOB offers various banking products and services that cater to the needs of Singaporeans from all walks of life. UOB Foreign currency deposits yield higher interest to the customers. The interest rates offered with UOB US Dollar deposits are as follows:

      Currency / Deposit Range 1Week 2 Weeks 1Months 2 Months 3Months 6Months 12Months
      US Dollar
      Below 50,000 NOT AVAILABLE NOT AVAILABLE 0.05 per cent 0.05 per cent 0.05 per cent 0.105 per cent 0.215 per cent
      50,000 to 99,999 NOT AVAILABLE NOT AVAILABLE 0.05 per cent 0.05 per cent 0.095 per cent 0.255 per cent 0.44 per cent
      100,000 to 249,999 NOT AVAILABLE NOT AVAILABLE 0.05 per cent 0.05 per cent 0.095 per cent 0.255 per cent 0.465 per cent
      250,000 to 499,999 NOT AVAILABLE NOT AVAILABLE 0.05 per cent 0.06 per cent 0.12 per cent 0.29 per cent 0.515 per cent

    9. POSB Fixed Deposits –
    10. As a local bank in Singapore, POSB offers a variety of deposit products to the customers, including fixed deposits and the bank also accepts deposits in foreign currencies. The interest rates offered by the bank with its US Dollar deposits are as follows:

      Deposit Amount in USD
        Less Than USD 10'000 Less Than USD 25'000 Less Than USD 50'000 Less Than USD 100'000 Less Than USD 250'000 Less Than or Equal To USD 500'000
      Term of the deposit Interest rates Interest rates Interest rates Interest rates Interest rates Interest rates
      One day 0.0 per cent 0.0 per cent 0.0 per cent 0.01 per cent 0.01 per cent 0.01 per cent
      One week 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent 0.0 per cent
      One month 0.04 per cent 0.04 per cent 0.04 per cent 0.1 per cent 0.1 per cent 0.13 per cent
      Two months 0.09 per cent 0.09 per cent 0.09 per cent 0.17 per cent 0.17 per cent 0.21 per cent
      Three months 0.15 per cent 0.15 per cent 0.15 per cent 0.22 per cent 0.27 per cent 0.28 per cent
      Six months 0.17 per cent 0.17 per cent 0.17 per cent 0.34 per cent 0.37 per cent 0.39 per cent
      Twelve months 0.22 per cent 0.22 per cent 0.22 per cent 0.375 per cent 0.535 per cent 0.56 per cent
    Fixed Deposits from Top Banks
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