Seeking an investment in foreign currencies? Look no further than Citibank's Foreign Currency Time Deposit, which earns you potentially higher returns. Depending on your financial objectives and risk appetite, Citibank offers a wide range of foreign currency deposits designed to meet your needs.
Exclusive rates on AUD and USD Time Deposit.5 Rupee very rare Commemorative coin in India part 1.5 Rupee Commemorative Coins of India
From now till 30 September , earn potentially higher returns on AUD and USD Time Deposit with minimum deposit amount starting from as low as SGD 10, equivalent. Citibank also offers Time Deposits in other foreign currencies depending on your financial objectives and risk appetite.
Here's a list of returns on other Foreign Currency Time Deposits. CNH refers to Offshore Renminbi and ZAR refers to South African Rand. For placement with existing funds, foreign exchange conversion for the full deposit amount is required. For placement with new funds, foreign exchange conversion for the full deposit amount is required for CNH only.
Foreign Exchange Conversion here refers to the conversion of one currency to another E. SGD to USD, or USD to NZD.
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Rates are updated as of 27 August Rates quoted are subject to change without notice. Foreign Currency Promotion Terms and Conditions apply. For more information on the promotion, click here. For all Foreign Currency Time Deposit, a minimum deposit equivalent to SGD 10, is required except for CNH. For CNH, minimum deposit equivalent to SGD 30, is required.
For foreign exchange conversion, the source of funds has to be in a different currency type and accordingly foreign exchange conversion is required for the full deposit amount. For placement of Time Deposits, a Citibank Checking or Savings Account is required. All rates offered are promotional rates and are subject to change at the bank's discretion without notice.
The rates quoted above are applicable from 27 August to 30 September , both days inclusive and subject to change without notice. For pre-termination of the time deposit, Citibank reserves the right to charge a penalty fee, which will be deducted from the withdrawn amount. This may result in you receiving less than the principal amount in the currency of deposit, and you will earn lesser or no interest.
No pre-termination of the time deposit is allowed for CNH and ZAR currency.
Foreign currency investments are subject to rate fluctuations which may provide both opportunities and risks and you may experience a loss when you convert foreign currency back to your home currency. You should therefore determine whether any foreign currency investment is suitable for you in light of your investment objectives, financial means and risk profile.
Offshore Renminbi Time Deposit Account. At present, Renminbi is not freely convertible and conversion of Renminbi is restricted. The government of the People's Republic of China continues to regulate conversion between Renminbi and foreign currencies.
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No physical deposit or withdrawal of Offshore Renminbi is permitted. There is no physical delivery of Offshore Renminbi. A withdrawal of funds from your Offshore Renminbi Time Deposit account can only be effected by converting your Offshore Renminbi funds to a freely-convertible and available currency.
You may therefore suffer loss from the foreign exchange conversion. In addition, you could potentially receive less than the full value of the principal amount.
All currency conversions are subject to availability and will be effected based on Citibank's prevailing exchange rate. Currency conversions from Offshore Renminbi to a freely-convertible currency and vice versa will be effected at Citibank's prevailing exchange rates which will be based on the Offshore Renminbi interbank rates.
The Offshore Renminbi interbank rates may be driven by various factors including market demand and supply and may be significantly different from the onshore Renminbi market rates.
Citibank may at its discretion include a spread or markup in the exchange rates quoted. The Offshore Renminbi Products and Services terms and conditions apply. You should also be aware of the risks involved in placing an Offshore Renminbi Time Deposit.
The Offshore Renminbi Time Deposit account is not an insured product under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme. The Foreign Currency Time Deposit is not an insured product under the provisions of the Deposit Insurance and Policy Owners' Protection Schemes Act of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme.
For more information, please refer to SDIC's website at www. Before you go, you might be interested in this. Click to find out more. Click here for Online Security Tips.
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