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The following deposit schemes are available:**
  • Savings Accounts in SGD.
  • Current Accounts in SGD and USD.
  • Fixed Deposit Accounts in major currencies (USD, EURO, AUD, GBP & SGD) with automatic renewal option.
**Risk Disclaimer clause applicable
  • Customers are advised that an exchange rate risk is involved in foreign currency fixed deposit schemes (whether in Singapore or India) and that

    1. the earnings on fixed deposits are dependent on the exchange rates prevalent at the time of maturity of the deposits; and
    2. adverse exchange rate movements could erode interest earnings completely.
  • The Bank shall have no responsibility for or liability to the customers for any diminution in the value of funds due to taxes or depreciation or for the unavailability of such funds on maturity due to restrictions on convertibility, requisition, involuntary transfers, distraints of any character, exercise of governmental or military powers, war, strikes or other causes beyond the Bank’s control.
 
Deposit Insurance Scheme
'Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme Member by law.'
'Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured '


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