- If you have existing foreign currency and intend to keep it, you can consider putting your money in a foreign currency fixed deposit account.
- Banks in Singapore have raised their foreign currency fixed deposit rates in May 2023 with higher US interest rates.
- The best 6-month US Dollar fixed deposit rate we found was 5.04%a. offered by UOB, for a minimum deposit of US$50,000. The best 12-month US Dollar fixed deposit rate we found was 4.92%p.a. offered by UOB, for a minimum deposit of US$50,000.
- While USD fixed deposit rates are higher compared to Singapore dollar fixed deposit rates, you should beware of foreign currency risk. Also, foreign currency fixed deposits are not covered by the Singapore Deposit Insurance Scheme.
Get the latest information on the highest foreign currency fixed deposit rates in Singapore with this comprehensive guide. Earn a higher interest rate with a US Dollar fixed deposit account.
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