CNY Online Time Deposit Offer

On top of the potential gain from currency appreciation, you can now maximize your interest earnings on Chinese Yuan Renminbi (CNY) by locking in guaranteed return for up to a year. From now until 4 January 2021, you can enjoy Preferential Interest Rate* for setting up CNY Online Time Deposit via DBS iBanking^, DBS digibank or DBS iWealth® App.


Preferential Interest Rate

Preferential Interest Rate up to 2.20% p.a.*


Preferential Interest Rate up to 2.20% p.a. for setting up CNY Online Time Deposit with at least HKD 50,000 equivalent via DBS iBanking, DBS digibank or DBS iWealth® App.


1st Time Deposit Placement Rate

Online Time Deposit 1st Time Placement HK$200 Cash Reward~


Place your first Online Time Deposit of HKD100,000 or above (or equivalent) to enjoy HK$200 cash reward.
 
 
Preferential Interest Rates

CNY Preferential Interest Rate up to 2.20% p.a.

 
CNY
PeriodPreferential
interest rate (p.a.)*
Promotion Code^
1 month1.50%00314
3 month2.10%00334
6 month2.20%00364
12 month1.30%003Y4

Diversify your portfolio with Renminbi Online Time Deposit for a higher potential return

Portfolio

The above examples are for illustration purpose only and based on the assumptions below. The rates are not guaranteed and are subject to change. You should not rely on the above example to make any decision.

Assumptions:

  1. The HKD Time Deposit in example 1 and HKD plus CNY Time Deposits in example 2 are placed for 6 months and renewed for 6 months on maturity.
  2. The customer converted HKD to CNY on 6 Sep 2019, and then placed 2 consecutive CNY Time Deposits from 6 Sep 2019 to 6 Sep 2020. The customer converted the funds from CNY to HKD on 7 Sep 2020. The foreign exchange rates are quoted based on the actual exchange rates in the market on the days concerned.
  3. Time Deposit rates remain constant within the 12-month period.

* Preferential Interest Rate is subject to the relevant Terms and Conditions. please click here for details.
^ To enjoy online preferential interest rate, specified promotion code must be input when placing CNY Online Time Deposit via DBS iBanking.
~ Not available to Customer who has set up any time deposit through DBS iBanking or DBS digibank or DBS iWealth® App prior to the date of time deposit placement.

 

Act now and set up CNY Online Time Deposit with FPS!

Set up CNY Online Time Deposit


Via all-new DBS digibank or DBS iWealth® app mobile app:

Log in to  and visit Place Time Deposit Place Time Deposit

Select “CNY” from “Currency” and follow on-screen instructions to place Online Time Deposit
FPS

Transfer CNY fund from other bank


Via all-new DBS digibank or DBS iWealth® app mobile app:

Log in to  and visit Settings Transfer settings to activate your mobile number or email address

Link your preferred DBS account and choose DBS as your default bank to receive money

Go to your other bank to transfer CNY by your registered mobile number or email address via FPS
 

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