Place a business fixed deposit

Last updated: Nov 2024

1. Log in to DBS IDEAL.
    
2. Go to the main menu and select Pay & Transfer. 
    
3. Select Make a Fixed Deposit.  
    
4. On the fixed deposit form, select Funding Account to fund the deposit. 
    
5. Enter the Deposit amount. The minimum deposit amount is SGD5,000. 
    
6. Select the Deposit period either By tenor or By maturity date. 
    
7. Select Get rates for the latest fixed deposit rates, and select your preferred tenor and rate. 
    
8. Select Maturity instructions. 
    
9. Select Next to review the fixed deposit details.  
    
10. If you are a transaction approver, you can Approve and Submit the fixed deposit yourself.  
     
11. Select Submit to submit the fixed deposit for approval. 
     
12. The fixed deposit request will be sent to designated approvers, based on the transaction approval policy setup by your company. 
     
13. All approver(s) will need to review and approve the request to complete this transaction. 
     
14. Once the fixed deposit request is fully approved by all approvers, the request will be processed and a fixed deposit will be placed.  
     
15. Go to Accounts and select Fixed Deposits to View Fixed Deposits. Active and matured deposits will be shown.