Available in all major currencies, our Foreign Currency Term Deposits are available for Offshore clients who wish to earn a higher rate and still maintain a high degree of liquidity, whether for investment purposes or to meet future payments.
Other major features include:
Safe, convenient form of short to long term investment with a fixed and guaranteed interest rate for the term of the deposit
A minimum balance depending on currency is required to open the account
On maturity, funds are automatically re-invested for a similar period unless you instruct us otherwise, at least 2 business days prior to maturity
No account keeping fees are applicable but breakage fees will be charged in the event the Bank agrees to early repayment of the deposit
Interest:
Interest rates are relative to those applicable in the country of the currency and range from 7 days to 180 days, with longer periods available on request in some currencies
Interest is calculated for the term of the deposit and paid on maturity
Interest rates are fixed for the term of the deposit and are subject to change in line with prevailing market rates at re-investment
To obtain the latest interest rates, contact us by phone +682 21750, fax +682 21760
