HSBC Foreign Currency Time Deposit

Whether you are based in Singapore or overseas, a foreign currency time deposit with HSBC will make your money work harder for you.
  • Wide range of major currencies
  • Flexible placements, withdrawals and renewals
  • A simple way to invest in the currency of your choice

How HSBC Foreign Currency Time Deposit can help you

Foreign Currency Deposits are particularly convenient if you use or are likely to need foreign currency in the future. You can plan ahead by investing in that currency now.

You can place your deposits in a major range of currencies and for tenors, from 1 to 12 months, as shown below.

Attractive interest rates

Our Foreign Currency Deposits offer competitive rates on your deposit. For term deposits, the interest earned is paid on the maturity date.

Our Foreign Currency Deposits also offer capital gains* if exchange rates move in your favour. 

*Actual returns are subject to exchange rate fluctuations.

Currencies

  • US Dollar: USD25,000 minimum amount
  • Sterling: GBP25,000 minimum amount
  • Swiss Franc: CHF25,000 minimum amount
  • Japanese Yen: JPY10million minimum amount
  • Australian Dollar: AUD25,000 minimum amount
  • Hong Kong Dollar: HKD100,000 minimum amount
  • Canadian Dollar: CAD25,000 minimum amount
  • New Zealand Dollar: NZD25,000 minimum amount
  • Euro: EUR25,00 minimum amount
  • Renminbi: CNY250,000 minimum amount

Flexible placements, withdrawals and renewals

For your convenience, we accept deposits in many forms - cash, cheques, demand drafts and telegraphic transfers. You can choose from a wide range of withdrawal options. When your deposit matures, we automatically renew it, together with the interest earned, at the prevailing interest rate.

Personalised service and confidentiality

Our experienced staff understand your needs. You can count on us to provide personalised and confidential service.

Find out more

Contact us

Leave us your contact details and our Wealth Manager will be in touch with you within 3 working days.

You can also call your Relationship Manager directly, or contact us through our telephone banking hotline at: 

1800 - HSBC NOW (4722 669)

If you are overseas, please call (65) 6-HSBC-NOW (4722 669)

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.

Important Notes

Premature withdrawal of any Time Deposit is subject to the Terms and Conditions Governing Personal Deposit Accounts. Effective 1 September 2011, premature withdrawal charges will be imposed on premature withdrawal of Time Deposits prior to maturity. For all premature withdrawal of Time Deposits, interest payments (if any) will be calculated at the Bank's discretion. Customers should note that they may receive an amount less than the original Time Deposit placement amount upon premature withdrawal for their Foreign Currency Time Deposits. Currently, for Singapore Dollar Time Deposits, customers will receive not less than their original placement amount upon premature withdrawal.

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.

Deposits into any renminbi (“rmb”) Deposit Account shall be by way of foreign exchange conversion from non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Everyday Global Account opened hereunder. Withdrawals from any rmb Deposit Account shall be by way foreign exchange conversion into non-rmb denominated currency(ies) only, save for transfers between a rmb Time Deposit Account and a rmb Everyday Global Account opened hereunder. The deposit in your rmb Deposit Account shall be converted from rmb to another freely convertible currency for withdrawal, at the Bank’s prevailing exchange rate.

Renminbi is not a freely convertible currency and is subject to changes in regulations initiated by China and/or the Chinese authorities. There may be a gain or loss when you convert foreign currency. Customers are advised to make their own independent judgment in consideration whether to place the rmb deposit. For customers who wish to open renminbi Time Deposit Account, please also refer to Terms and Conditions Governing renminbi Deposit Accounts.