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Foreign Currency Time Deposit
Benefits and features
- Wide range of major currencies
- Flexible placements, withdrawals and renewals
- A simple way to invest in the currency of your choice
- Minimum of JYP$10,000,000 to open a JYP account.
- Minimum of HKD$100,000 to open a HKD account.
- Minimum of $25,000 in the respective currency to open an account for all other currencies.
If you are looking for a simple yet effective way to invest your money beyond Singapore's shores, our foreign currency time deposit may just be what you need. Whether you are based in Singapore or overseas, a foreign currency time deposit with HSBC will make your money work harder for you.
Act now
- Phone: 1800-HSBC NOW (4722 669) in Singapore
- Make an appointment with us today
Important notes
On 16 October 2008, it was announced that the Singapore Government will offer protection under a guarantee of up to S$150 billion for all Singapore dollar and foreign currency deposits of individuals and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore. This guarantee will remain in place until 31 December 2010. Media reports have stated that the Singapore Government guarantee does not cover structured deposits and pledged deposits. Accordingly, dual currency investments, structured deposits and deposits which are pledged, charged or secured as collateral are not covered by this guarantee.
With effect from 1 Jul 2009, an administrative fee of 1.5% of the foreign currency transaction amount will be debited from your account when a transaction in foreign currency is made on your debit or ATM card.
Next steps
Call us on 1800-HSBC NOW (4722 669) in Singapore or (65) 6-HSBC NOW (4722 669) from overseas
Highlights
