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Multi-Currency Term Deposit

 

A Multi-Currency Term Deposit lets you lock in a competitive interest rate for a fixed period. With a range of currencies and tenors, as well as a low minimum deposit requirement, you can easily select a Term Deposit to suit your needs.

Benefits

  • Enjoy financial certainty by locking in a known interest rate for a fixed period
  • Flexible deposit terms ranging from 7 days to 12 months to suit your needs
  • Tiered interest rates apply, so that a higher combined total term deposit balance will bring you a higher interest rate for each new deposit
  • Flexibility of having the interest earned paid directly into other accounts
  • You can use your term deposit as security for a cash-backed loan1

       

Minimum Deposits

  • Foreign currencies: Minimum initial deposit amount of USD 20,000 or equivalent
  • Singapore dollar: Minimum initial deposit amount of SGD 250,000

Currencies available

 Singapore Dollar (SGD)

 US Dollar (USD)

 Australian Dollar (AUD)

New Zealand (NZD)

 Great Britain Pound (GBP)

Hong Kong Dollar (HKD)

 Canadian Dollar (CAD)

Japanese Yen (JPY)

 Swiss Franc (CHF)

 Euro (EUR)

If you make a withdrawal before maturity, the Bank is entitled to deduct the early withdrawal charges and fees from your deposit amount.

 

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Click to View:

(445 kb) Fees and charges

(333 kb) Terms and Conditions for Deposit Accounts (effective 2 July 2014)

(83.4 kb) Information for Deposit Accounts

 

Notes:

  • 1 The Bank reserves the right not to pay you interest if the balance in your Call Deposit Account falls below USD 5,000 or equivalent at any time.
  • 2 The currencies we accept may change from time to time at the Bank's discretion.
  • * Subject to the Bank's terms and conditions. Fees and charges may apply at the Bank's discretion

Important information

  1. Earnings on foreign currency deposits are dependent on foreign exchange rates prevailing at the time of maturity of the deposit. Adverse exchange rate movement may erase interest earnings completely or cause loss of principal relative to your home currency.
  2. No transactions can be made on Saturdays and Public Holidays of the particular currency's country of origin.
  3. We may set daily time limits by which we must receive your withdrawal instructions otherwise we will not process them until the next banking day. The current daily time limit is 9.30 am on a banking day for all deposit accounts.

 

Deposit Rates

These indicative deposit rates are for information purposes only and are subject to change without prior notice. Please contact us for full details, including terms and conditions.

INDICATIVE RATES AS AT 20 January 2017

Currency   Amount 1 Week 1 Month 3 Months 6 Months
USD   Under US$50,000 0 0 0 0
  US$50,000 - 249,000 0.05
0.1 0.2 0.2
  US$250,000 - 499,000 0.05 0.1 0.2 0.2
  US$500,000 - 999,000 0.05 0.2 0.4 0.4
  US$1 million - 5 million
0.05 0.2
0.4 0.4
AUD   Under US$50,000 0.2 0.5 0.75 0.7
  US$50,000 - 249,000 0.35
0.85 1.15 1.15
  US$250,000 - 499,000 0.35 0.85 1.15 1.15
  US$500,000 - 999,000 0.45 1.1 1.55 1.55
  US$1 million - 5 million 0.45 1.1
1.55 1.55
GBP   Under US$50,000 0 0 0 0
  US$50,000 - 249,000 0
0 0 0
  US$250,000 - 499,000 0 0 0 0
  US$500,000 - 999,000 0 0 0 0
  US$1 million - 5 million 0 0
0 0
HKD
  Under US$50,000 0 0 0 0
  US$50,000 - 249,000 0
0 0 0
  US$250,000 - 499,000 0 0 0 0
  US$500,000 - 999,000 0 0 0.05 0.05
  US$1 million - 5 million 0 0
0.05 0.05
NZD
  Under US$50,000 0.2 0.5 0.7 0.75
  US$50,000 - 249,000 0.35
0.8 1.15 1.15
  US$250,000 - 499,000 0.35 0.8 1.15 1.15
  US$500,000 - 999,000 0.45 1.1 1.5 1.55
  US$1 million - 5 million 0.45 1.1
1.5 1.55

Deposit Rate (% p.a.)

Contact us

Singapore Branch

12 Marina View
#20-02 Asia Square Tower 2
Singapore 018961

Tel: +65 6419 7000
Fax: +65 6336 0067

General Enquiry Email: nabsg_enquiry@nabasia.com

Service Hours: 9:00 a.m. - 4:30 p.m. (Monday to Friday)