A Wide Range
of Options for Placing a Term Deposit
-
Tenures ranging from 1 month to 5
years.
-
Choice of different currencies -
USD, GBP, EUR, CHF, AUD and CAD.
-
Key Features
-
Minimum deposit size
- Singapore Non-Residents - 5,000 Foreign currency
units
- Singapore Residents - USD 100,000 or equivalent
- Auto renewal facility
- Joint account facility
- Loan
against deposits available*
- No withholding tax
- Maturity proceeds completely repatriable
*Loan
facility is currently not offered for Resident Indian Individuals
Interested in
Placing a Term 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.
Important
Disclosure for Resident Indians.
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