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   BOC Singapore >> Personal Banking >> Deposits

Time Deposit Account


 

Introduction

Wide range of currencies with fixed deposit tenure earning you higher interest rates than Savings account. 

Product Features

Available in 10 currencies: SGD, RMB, USD, EUR, GBP, NZD, AUD, JPY, CAD and HKD.

Wide choice of tenors for selection. 

For initial deposit, please refer to the table below:

Currency Initial Deposit
SGD 5,000
RMB 3,000
USD 2,000
EUR 5,000
GBP 2,000
NZD 5,000
AUD 5,000
JPY 500,000
CAD 5,000
HKD 50,000

Eligible Applicants

Singapore Citizen, Permanent Resident, Foreigner who holds employment pass, work permit or student pass with valid ID and Passport.

Applications requirement

SGD Time Deposit applicants must be at least 15 years old .

Foreign currency Time Deposit applicants must be at least 18 years old.

Application Procedures

For Singapore Citizen and Permanent Resident, please bring your NRIC. For Foreigner, please bring your valid travel documents, pass and proof of address.

Deposit Insurance Scheme

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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Please visit www.sdic.org.sg for full details.

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