Foreign Currency Fixed Deposit

Singapore dollar deposits of non bank depositors are insured by the singapore deposit insurance corporation for up to s 75 000 in aggregate per depositor per scheme member by law. Deposit protection is automatic. Islamic and conventional deposits are eligible for a separate coverage limit of rm250 000 each.

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Foreign currency deposits dual currency investments structured deposits and other investment products are not insured.

Foreign currency fixed deposit. Dbs fixed deposit account gives you the opportunity to maximise your savings in singapore dollars and foreign currencies with fixed interest while keeping your funds secured. The fixed deposit must be made with fresh funds and not funds transferred from existing uob savings current fixed deposit account s or uob cheques cashier s orders and demand drafts. 2020 dbs bank ltd. To qualify for the promotional interest rate fresh fund of not less than 20 000 must be placed in the applicable foreign currency fixed deposit for the tenor applicable to that promotional interest rate.

A foreign currency fixed deposit fcfd is a fixed investment instrument in which a sum of money with a fixed term and interest rate is deposited in a bank. Pidm insures eligible deposits for up to rm250 000 per depositor per bank. The rm250 000 limit includes both the principal amount of a deposit and the interest return.