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May 27, 2017

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DBS unveils high-interest USD and RMB plans

TAIPEI, Taiwan --DBS Bank Taiwan (星展銀行台灣) recently unveiled U.S. dollar (USD) and renminbi (RMB) deposit plans with annual interest rates as high as 2 and 3.1 percent respectively.

Targeting a mobile and Internet-led shift in consumer behavior, DBS Bank Taiwan said it has launched a three-month USD deposits plan with annual interest rates as high as 2 percent that entitled customers can join online.

Head of Consumer Banking at DBS Taiwan Seraph Sun (孫可基) stated that DBS Taiwan Bank's customers can apply for the three-month USD deposits plan right after registering on the project's front page and becoming a DBS Treasures (星展豐盛理財) customer.

Interested DBS Treasures customers are required to remit a deposit amount of between US$20,000 and US$50,000. The latest three-month USD deposits plan will be due Aug. 29, DBS Bank Taiwan said.

DBS Bank Taiwan also announced a new RMB time deposits plan. Sun indicated that customers of DBS Treasures and off-shore business unit (OBU) are entitled to apply for the plan with the deposit amount between 50,000-300,000 RMB.

The latest high-interest RMB deposits plan has a six-month tenure with annual interest rates as high as 3.1 percent. DBS Bank Taiwan said that the RMB time deposit plan will be due on Aug. 20.

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