Accounts

Certificate of Deposit (CD)

Deposit with standard tenors, minimum deposit amount and based on market pricing model

Corporate Large-denomination Certificate of Deposit (CD), refers to RMB-denominated book-entry large-denomination deposit vouchers issued by banks to corporates, which are bank deposit financial products in the category of general deposits. In accordance with the relevant regulations set out by the People's Bank of China (PBOC), CD is included in the scope of deposit insurance.

CD adopts standard tenors and a minimum deposit amount of RMB 10 million, while the interest rate is based on market pricing. CD deposit tenors are available in 9 terms (ranging from one month to five years).

 

Why choose DBS’ Certificate of Deposit?

Safe

  • Considered as general deposits and included under the coverage of deposit insurance
  • DBS’ "AA-" and "Aa1" credit ratings are among the highest in the world

Attractive Yield

  • Interest rates are competitive compared to time deposits of the same tenors

Flexible

  • Multiple tenors available (ranging from one month to five years) to diversify your assets
  • You can withdraw all or part of the deposit over multiple occasions before its maturity (except where there are special provisions agreed per the term sheet).

 

Please click here for the applicable Terms and Conditions for Corporate client Large-Denomination Certificate of Deposit.

FAQs

Who are eligible for Corporate Large-Denomination Certificate of Deposit?
Non-financial institutional investors including non-financial enterprises, institutional organisations, insurance companies, social security fund and other units recognised by PBOC are eligible to apply.
Does the CD automatically rollover at maturity?
No. According to regulations of PBOC, there is no automatic rollover or renewal.
How would I know if my application for CD is successful?
Upon successful application, you will receive a CD open advice known as the “Confirmation on Subscription of Large-Denomination Certificate of Deposit”. Your CD will commence based on the “value date” indicated in this advice.
What is the latest cut-off time to apply for a CD with DBS?
Our cut-off time is 4 pm on business days.
Do I need to submit a new set of account opening documents to apply for CD if I already have a DBS corporate account?
No. You will only need to submit the application form “Subscription Application for Corporate Client Large-Denomination Certificate of Deposit”. Should you have further queries, please call us on 400 820 8988 and we will arrange for a relationship manager to assist you with your application.

Awards

Awards we have won recently
Star of Innovation in Payments – Global Banking Stars of China Awards

Star of Innovation in Payments – Global Banking Stars of China Awards

2019
Best Bank for Cash Management, China

Best Bank for Cash Management, China

2019
Best Service Provider – E-solutions Partner in China

Best Service Provider – E-solutions Partner in China

2019
Best Transaction Bank in Asia

Best Transaction Bank in Asia

2019
View All

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer: 

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website.  We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose.  The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

© DBS BANK LTD, 2019.  All rights reserved.  Any unauthorized use, duplication or disclosure is prohibited by law and will result in prosecution.

Get in touch

DBS BusinessCare: 400 821 8881

Get in touch

DBS BusinessCare: 400 821 8881