Storage charges are invoiced 1 March each year or when you sell or withdraw your bullion - whichever takes place first. The storage charge is calculated daily. If you e.g. store gold bullion in Singapore worth SGD 30,000 on a particular day, the storage charge for that day will be SGD 30,000*0.0039/365 = SGD 0.32. The daily costs are added up for all days of the storage year to arrive at the total cost. Login and go to Your Account > Storage Charges to view your accrued storage charges.
Vault Storage Singapore
Gold Bullion Products: 0.39% per annum
Silver & Platinum Bullion Products: 0.59% per annum
BSP Grams Gold: 0.09% per annum
BSP Grams Silver & Platinum: 0.19% per annum
Daily minimum storage fee: SGD 0.19 per storage jurisdiction. The minimum fee applies in case the calculated daily fee is below SGD 0.19. Customer accounts holding no bullion in Singapore or only holding free BSP grams awarded at account opening are exempted from the minimum fee.
BSP Conversion/Withdrawal per instance: FREE
Vault Withdrawal of bullion products (other than BSP grams) per instance: SGD 129
Customer audit of physical bullion held in the vault per instance: SGD 200
Late payment fee for storage charges/Late collection fee for personal pick-up: SGD 99 per reminder plus monthly interest of 2% on the previously accrued storage charges including on the previously accrued late payment fees.
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