Can I place a fixed deposit (FD) without opening an FD account?

No, a fixed deposit account is required for placing a fixed deposit.

Can I use my existing fixed deposit account to create deposit placements through DBS IDEAL?

Yes. Refer to this document for more details on how to enable your existing fixed deposit account for online service.

How many fixed deposit accounts do I need to have to place various currency deposits on DBS IDEAL?

One fixed deposit account is sufficient to hold both Singapore dollar and foreign currency deposits. DBS Funding Account(s) is required for online deposit creation and must be opened in the same desired deposit placement currency. Refer to this document for more details.

Will I be able to check my fixed deposits transactions on DBS IDEAL?

You can view your fixed deposit transaction history (created online or offline) through the corporate digital banking platform. Refer to this document for more details.

Do I need to submit a new set of documents to open an FD Account?

Yes, even if you already have a DBS Business Account. But you don’t have to complete the full set of documents. Call us to arrange for a relationship manager to help you.

Am I eligible to make Fixed Deposit placements online via DBS IDEAL?

The online Fixed Deposit services is available to DBS Singapore customers with the following currency offerings: SGD, USD, AUD, CAD, CNH, GBP, HKD, NZD. Apply for this service in two steps: http://go.dbs.com/applyonlinefd

I think I may have an existing Fixed Deposit account with DBS, but I am not able to recall the last time I booked any Fixed Deposit placement. Is my account still valid?

Any DBS Fixed Deposit account with no funds placement activity within 6-months will be considered inactive. Your account will be automatically reactivated when you make a deposit within 12 months of inactivity; and your account will be closed if there are no funds placed after 12 months. Once your account is closed, you will need to open a new DBS Fixed Deposit Master Account.

I already have an existing DBS IDEAL profile, but I do not see the Fixed Deposit menu. What do I do?

Please check that that you have the appropriate DBS IDEAL user access rights for online Fixed Deposit placement. Refer to this document to find out more.

Open a Business Fixed Deposit Account to Maximise Returns

At a Glance

Enjoy better yield on your surplus funds in a Corporate fixed deposit.

Convenient

Skip the queues and place multi-currency Fixed Deposits online via DBS IDEAL

Improve your liquidity

Get access to SGD, AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, USD

Flexible

Choose from a range of tenures, from 1 month to 1 year

More security

Entrust your funds with Asia’s only AA- and Aa1 rated bank

How to Apply

Enjoy faster processing and real-time tracking

New to DBS IDEAL?

Sign up for DBS IDEAL

New to DBS SME Banking?

Open a Multi-Currency Fixed Deposit account

New to Online Fixed Deposits?

Download Guide to Apply

Eligibility

For Fixed Deposit placements at the branch:

	Minimum Deposit Amount	Tenure	Currencies
Singapore dollar	S$5,000	1 month to 12 months	SGD
Foreign currencies	S$5,000 equivalent	1 month to 12 months	AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, USD

Please review the eligibility criteria and documents required before completing the online application for a Fixed Deposit Account.

For Online Fixed Deposits placed via DBS IDEAL:

	Amount Range	Fixed Tenor	Currencies
Singapore dollar	SGD 5,000 - SGD 50,000,000	1 week to 12 months	SGD
Foreign currencies (FCY)	FCY5,000 - FCY20,000,000	1 week to 12 months	AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, USD

Eligible for DBS IDEAL users with Fixed Deposit Account, and DBS IDEAL users with DBS SGD Current Account, DBS Foreign Currency Account or Multi-currency Account.

Resources

View our resources on how you can place Fixed Deposits online

How to set up Online Fixed Deposit Service via IDEAL
How to place Fixed Deposit via IDEAL

FAQs

	Can I place a fixed deposit (FD) without opening an FD account?
	No, a fixed deposit account is required for placing a fixed deposit.

	Can I use my existing fixed deposit account to create deposit placements through DBS IDEAL?
	Yes. Refer to this document for more details on how to enable your existing fixed deposit account for online service.

	How many fixed deposit accounts do I need to have to place various currency deposits on DBS IDEAL?
	One fixed deposit account is sufficient to hold both Singapore dollar and foreign currency deposits. DBS Funding Account(s) is required for online deposit creation and must be opened in the same desired deposit placement currency. Refer to this document for more details.

	Will I be able to check my fixed deposits transactions on DBS IDEAL?
	You can view your fixed deposit transaction history (created online or offline) through the corporate digital banking platform. Refer to this document for more details.

	Do I need to submit a new set of documents to open an FD Account?
	Yes, even if you already have a DBS Business Account. But you don’t have to complete the full set of documents. Call us to arrange for a relationship manager to help you.

	Am I eligible to make Fixed Deposit placements online via DBS IDEAL?
	The online Fixed Deposit services is available to DBS Singapore customers. Apply for this service in two steps: http://go.dbs.com/applyonlinefd

	I think I may have an existing Fixed Deposit account with DBS, but I am not able to recall the last time I booked any Fixed Deposit placement. Is my account still valid?
	Any DBS Fixed Deposit account with no funds placement activity within 6-months will be considered inactive. Your account will be automatically reactivated when you make a deposit within 12 months of inactivity; and your account will be closed if there are no funds placed after 12 months. Once your account is closed, you will need to open a new DBS Fixed Deposit Master Account.

	I already have an existing DBS IDEAL profile, but I do not see the Fixed Deposit menu. What do I do?
	Please check that that you have the appropriate DBS IDEAL user access rights for online Fixed Deposit placement. Refer to this document to find out more. For enquiries, please contact your Relationship Manager or call DBS BusinessCare for additional assistance.

	My DBS IDEAL is not ready for access, but my Fixed Deposit account is opened. How can I place my fixed deposit?
	Yes, you can place fixed deposit with us, at the branch via Fixed Deposit Application form.