This is an interest bearing term deposit denominated in a major foreign currency, which enables organisations trading internationally to deposit funds for a fixed period at competitive foreign currency interest rates.
The facility can be used for investment, or the payment of future trade commitments. Minimum Conditions may apply.
Key Benefits
- Term deposit provides the flexibility to net foreign currency transactions or to invest at foreign currency interest rates for either investment or trading opportunities for a fixed period.
- This facility is safe, convenient and predictable as it provides a form of short-to-long term investment with a fixed interest rate.
- A term deposit generates interest whilst at the same time preserving intact those funds that are earmarked for future commitments.
- Available in United States Dollars (USD), Great British Pounds (GBP), Euro (EUR) and Swiss Francs (CHF)
Information on the Target Market Determination for this product can be found here.
Foreign Currency Term Deposit Account
| USD Deposit | 1 mth | 2 mths | 3 mths | 4 mths | 5 mths | 6 mths |
|---|---|---|---|---|---|---|
| $0 - $1,999 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| $2,000-$9,999 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| $10,000-$49,999 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| $50,000-$99,999 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| $100,000-$250,000 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 |
| GBP Deposit | 1 mth | 2 mths | 3 mths | 4 mths | 5 mths | 6 mths |
|---|---|---|---|---|---|---|
| $0-$4,999 | 0.25 | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 |
| $5,000-$49,999 | 0.25 | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 |
| $50,000-$99,999 | 0.25 | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 |
| $100,000-$250,000 | 0.25 | 0.25 | 0.50 | 0.50 | 0.50 | 0.50 |
| EUR Deposit | 1 mth | 2 mths | 3 mths | 4 mths | 5 mths | 6 mths |
|---|---|---|---|---|---|---|
| $0-$9,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $10,000-$49,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $50,000-$99,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $100,000-$250,000 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| CHF Deposit | 1 mth | 2 mths | 3 mths | 4 mths | 5 mths | 6 mths |
|---|---|---|---|---|---|---|
| $0-$9,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $10,000-$49,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $50,000-$99,999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| $100,000-$250,000 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Rates current as of: 16 August 2018 - 10:18pm AEST
Note
- Terms and conditions apply.
- Rates subject to change without notice.
- The issuer of these products is Arab Bank Australia Limited.