Foreign Currency Deposit
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- Choice of 2 Major Global Currency – USD & AUD
- Initial deposit of USD / AUD $2,000
- Attractive Interest Rates
- Low average monthly balance of USD / AUD 2,000 to maintain the account
- Cheque book available for USD Current Account
Interest Rates
| Tier (USD) | Interest rate (% p.a.) |
|---|---|
| 2,000 – 9,999.99 | 0.15% |
| 10,000 – 99,999.99 | 0.25% |
| 100,000 & above | 0.50% |
| Tier (AUD) | Interest rate (% p.a.) |
|---|---|
| 2,000 – 9,999.99 | 0.25%. |
| 10,000 – 99,999.99 | 0.50% |
| 100,000 & Above | 1.00% |
- Individuals of the age of 21 years and above
- Singaporean / Singapore Permanent Residents / Foreigners
| Particulars | USD | AUD |
|---|---|---|
| Fall Below Fees | 10 | 10 |
| Early Account Closure (within 6 Months of Account Opening) |
50 | 50 |
| Annual Fee | 50 | 50 |
Documents to be submitted along with the application form (originals to be produced for face to face verification)
- Singaporeans / Permanent Residents:
- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant)
- Non – Singaporeans
- Photocopy of Passport and
- Photocopy of Employment Pass / Work Permit / Dependant Pass and
- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass