Online Time Deposit Offer

Via all-new DBS digibank HK app:

Step 1: Tap “Save”
Step 2: View the time deposit interest rate* and pick a Currency and Period 
Step 3: Select a Source of Funds Account and input Principal Amount
Step 4: Select Maturity Instruction to renew or not
Step 5: Select a designated receiving account if you choose to receive Principal and/or Interest on date of maturity
Step 6: Tap “Next”, Verify details and tap “Place Now”

*Enjoy a better interest rate with currencies exchange and Time Deposit placement!

Step 1: Tap “Save”
Step 2: Pick a Currency and Period
Step 3: Select a Source of Funds Account and input Principal Amount
Step 4: Select a designated account for receiving Principal & Interest on date of maturity
Step 5:
Tap “Next”, Verify details and tap “Place Now”

Note: To view your newly-placed online time deposit, please log out first and then log in to DBS digibank HK app again.

How to define Eligible New Funds?
Your eligible new funds equal to the incremental balance when comparing the Customer’s Deposit Balance at the time of Time Deposit placement to his/her corresponding Deposit Balance as of 30 calendar days ago, after deduction of the sum of principal amount which has been entitled to the Online Time Deposit New Fund Offer within the last 7 calendar days.

Example
If "Renew Principal" or " Renew Principal and Interest" is selected as maturity instruction, will preferential interest rate or board rate be used as the auto-renewal interest rate?
Starting from 17 Jan 2023, Online Time Deposit will be auto-renewed at the preferential interest rate for existing funds. On maturity, if the currency, tenor or principal amount is not eligible for the preferential interest rate, board rate will be used as the auto-renewal interest rate. For the avoidance of doubt, any Online Time Deposit set up before 17 Jan 2023 will continue to be renewed at board rate. If you want to renew it at preferential interest rate, please amend your maturity instruction as "Transfer Principal and interest to designated account", and place a new Online Time Deposit with "Renew Principal" or "Renew Principal and Interest" being the maturity instruction.
What is online time deposit email advice?

Email advice is an electronic receipt to record your online time deposit transaction. When you place an online time deposit, an email advice will be sent to your email address registered with our Bank.

Is it free to use email advice service?

Yes, email advice service is free of charge.

How can I subscribe email advice service?

No subscription is needed but you should have a valid email address with the Bank by the time you place an online time deposit. For all time deposit placed online, email advice will be enabled for you automatically to replace the paper advice.

How can I place online time deposit?

You can place online time deposit via DBS digibank HK and DBS iBanking. Click “How to place” in this page to view the step-by-step guidance.

How can I provide or update my email address?

You can provide or update your email address through DBS iBanking. Click here to view the step-by-step guidance.

When will I receive the email advice?

You will receive email advice on the following calendar day after your online time deposit transaction, including placement, renewal and closure (mature or premature withdrawal) is completed.

Who will receive the email advice if I place an online Time Deposit by debiting from my joint name Saving or Current Account?

Irrespective of joint name account, the customer who raises online time deposit transaction will receive an email advice on the following calendar day.

How many Time Deposit Advice will I receive if I open one Time Deposit via online and one via branch on the same day?

You will receive an email advice for your Online Time Deposit transaction and a paper advice for your Time Deposit transaction placed at branch.

Will I receive both paper and email advice for online time deposit transaction?

You will only receive an email advice for your online time deposit transaction.

If I fail to receive an email advice, where can I locate my time deposit transaction details?

Your email address with the Bank may be invalid. Please click here to understand how to check and update your email address through DBS iBanking. Also, your time deposit transaction history is available on DBS digibank HK or DBS iBanking for viewing:
DBS digibank HK: “Home” > “Deposits”
DBS iBanking: “My Accounts” > “Deposits”