Revision of Interest Rate for FCY$aver – Renminbi (CNH)
Revision of interest rate for FCY$aver – Renminbi (CNH)
Please be informed that the interest rate for FCY$aver – Renminbi (CNH) will be revised as follows with effect from 1 February 2015:
| BALANCE TIER (CNH) | CURRENT INTEREST RATE | REVISED INTEREST RATE |
|---|---|---|
| Less than 25,000 | 0.2% p.a. | 0.3% p.a. |
| $25,000 to less than 1,000,000 | 0.2% p.a. | 1.4% p.a. |
| $1,000,000 & above | 0.2% p.a. | 1.7% p.a. |
Revision of Overseas Bank Charges
Please be informed that the overseas bank charges for Outward Telegraphic Transfer (OTT) will be revised as follows, effective 25 November 2013
| BEBITING ACCOUNT CURRENCY | CURRENT CHARGE | NEW CHARGE |
|---|---|---|
| Singapore Dollar | SGD 50 | SGD 50 (no change) |
| Foreign currencies | USD 28 | SGD 50 (amount will be charged in the respective currency based on the bank’s exchange rate) |
The charges for handling commission, commission in lieu and reimbursement cover remain unchanged.