Open a Fixed Deposit Account

Apply for a DBS Fixed Deposit Account with us via digibank.

Important information

• DBS Fixed Deposit Account gives you the opportunity to maximise your savings in Singapore dollars and foreign currencies with fixed interest within the same account, while keeping your funds secured.
• You must be at least 18 years old to open an account and can hold only 1 personal DBS Fixed Deposit Account.
• You must be an existing digibank user with a personal or joint-alternate DBS/POSB Savings or Current Account. Learn more about how to Open an Account with DBS/POSB.
• Foreign Currency Fixed Deposit interest rates for new placements and renewals will be based on prevailing interest rates.
• SGD Fixed Deposit interest rates for new placements and renewals will be computed based on the Total SGD Fixed Deposit Balances, instead of each placement and/or renewal.

  Example

  • My Fixed Deposit account has 2 placements which sum up to S$100,000 (S$30,000 + S$70,000). What is the applicable interest rate for each renewal?
    The total Fixed Deposit account balance is S$100,000 (S$30,000 + S$70,000). Hence, interest rate corresponding to the $100,000 - $249,999 range will apply.
    
  • I have an existing placement of S$50,000 in my single name Fixed Deposit account and another S$50,000 in a joint Fixed Deposit account. What is the applicable interest rate for each renewal?
    The placements are in different SGD Fixed Deposit accounts. Hence, interest rate corresponding to the $50,000 - $99,999 range will apply for each renewal.
    

How to Open a Fixed Deposit Account

digibank mobile

1

Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.

2

Step 2
Under Home page, tap on More.

3

Step 3
Under Apply, select Deposit Accounts.

4

Step 4
Select Fixed Deposit Account.

5

Step 5
Select a Reference Account for Signature and tap Next.

6

Step 6
Review Account Application and tap Open Account Now to complete your account opening.

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digibank online

1

Step 1
Log in to digibank online with your User ID & PIN.

2

Step 2
Complete the Authentication Process.

3

Step 3
Under Apply, select Fixed Deposit Accounts.

4

Step 4
Under Fixed Deposits, select Singapore Dollar Fixed Deposit and click Instant Apply.

5

Step 5
Select your Reference Account for Signature and Acknowledge the Agreement, click Next.

6

Step 6
Ensure the details are correct, and click Submit to complete your account opening.

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