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)
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.
  • All rates are in Australian dollars unless otherwise stated.
  • Rates subject to change without notice.
  • The Australian Government Guarantee applies to deposits up to $250,000 per entity, per authorised deposit-taking institution.
  • The issuer of these products is Arab Bank Australia Limited.

To the extent that any material on this page is construed as a general advice, it has been prepared without taking into account your objectives, financial situation or needs. Before acting on the information, consider whether it is right for you. You should obtain and consider the Product Disclosure Statement (PDS) for this product before making a decision.

Whilst every effort is taken to ensure that rates are up to date, Arab Bank Australia takes no responsibility for errors herein.