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A Wide Range of Options for Placing a Floating Rate Deposit
  • Tenors ranging from 1 year to 5 years
  • Deposits can be linked to either 3 month LIBOR or 6 month LIBOR Interest Rate Benchmark.
Key Features
  • Potential to earn higher returns in rising interest rate scenario.
  • Deposits offered in USD only.
  • Minimum deposit size
    • Singapore Non Residents- 5,000 Foreign Currency units
    • Singapore Residents- USD 100,000.
  • Auto renewal facility.
  • Joint account facility.
  • No withholding tax.
  • Maturity proceeds completely repatriable.

*Loan facility is currently not offered for Resident Indian Individuals

Interested in Placing a Floating Rate Deposit?

Contact us for further details.

Singapore Government Guarantee

The Singapore Government guarantee all Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore.

The guarantee will be effective during the period commencing from October 16, 2008 and ending on December 31, 2010.

Under this guarantee, all depositors, corporates and individuals, including those under the current Deposit Insurance Scheme administered by the Singapore Deposit Insurance Corporation and deposits placed with credit co-operatives registered with the Registry of Co-operative Societies, will enjoy protection from the Singapore Government on the full amount of their deposits for the duration of the guarantee.