Gold Savings Account

Silver Savings Account

Description

  • Buy and sell gold without physical delivery
  • Gold account holdings are not subject to Singapore’s Goods and Services Tax (GST)

Description

  • Buy and sell silver without physical delivery
  • Silver account holdings are not subject to Singapore's Goods and Services Tax (GST)

Benefits

  • Personal Internet Banking
    • Buy/Sell Gold online from Mondays to Fridays 8am to 11pm excluding Singapore public holidays.
    • Provides convenience, secure and simple to use.
  • Mobile Banking
    • Buy/Sell Gold anywhere with your mobile phone.
    • Check Gold Savings Account balance and paper gold prices.

Benefits

  • Personal Internet Banking
    • Buy/Sell Silver online from Mondays to Fridays 8am to 11pm excluding Singapore public holidays.
    • Provides convenience, secure and simple to use.
  • Mobile Banking
    • Buy/Sell Silver anywhere with your mobile phone.
    • Check Silver Savings Account balance and paper Silver prices.

Requirement and fees

Eligibility 18 years old and above
Initial Deposit Minimum 5 grams
Min. Bal Fee 5 grams
Monthly Svc. Charge Administrative fee is calculated on a monthly basis at 0.25% p.a. of the highest gold balance each month, subject to a monthly minimum charge of 0.12 grams of gold.

Monthly fees are accumulated and the total is debited from the account at the end of each year or upon closure of the account, in grams of gold.

*Actual gold quantity deducted at the end of the year will be slightly higher due to GST incurred.
Early Account Closure Fee (Within 6 mths) S$30

Requirement and fees

Eligibility 18 years and above
Initial Deposit Minimum 10 ounces
Min. Bal Fee 10 ounces
Monthly Svc. Charge Administrative fee is calculated on a monthly basis at 0.375% p.a. of the highest silver balance each month, subject to a monthly minimum charge of 0.2 ounces of silver.

Monthly fees are accumulated and the total is debited from the account at the end of each year or upon closure of the account, in ounces of silver.

*Actual silver quantity deducted at the end of the year will be slightly higher due to GST incurred.
Early Account Closure Fee (Within 6 mths) S$30

Interest rates

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Interest rates

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Risks

Investments in gold and silver are not guaranteed by the Bank and are subject to investment risks. Value of the investments and administrative fees can go up or down, depending on the fluctuations in international and/or local gold and silver markets and foreign exchange markets.

Risks

Investments in gold and silver are not guaranteed by the Bank and are subject to investment risks. Value of the investments and administrative fees can go up or down, depending on the fluctuations in international and/or local gold and silver markets and foreign exchange markets.