Business Foreign Currency Term Deposit

Get guaranteed returns on your business’ foreign currency funds, with a Business Foreign Currency Term Deposit.

Key features

USD, Euro, GBP and NZD Term Deposits available
Interest is paid in the same currency as the money in the term deposit
No monthly account keeping fees
Lock in a single rate of interest paid at maturity
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Calculators

USD Fixed Term Deposit

Amount $5,000 - 49,999 $50,000 - 99,999 $100,000 - 249,999 $250,000+
1 Month 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.05% p.a.
2 Months 0.02% p.a. 0.02% p.a. 0.05% p.a. 0.10% p.a.
3 Months 0.05% p.a. 0.05% p.a. 0.10% p.a. 0.15% p.a.
6 Months 0.05% p.a. 0.05% p.a. 0.10% p.a. 0.15% p.a.
12 Months 0.10% p.a. 0.10% p.a. 0.15% p.a. 0.20% p.a.

EUR Fixed Term Deposit

Amount $5,000 - 49,999 $50,000 - 99,999 $100,000 - 249,999 $250,000+
1 Month 0.00% p.a. 0.00% p.a. 0.00% p.a. 0.00% p.a.
2 Months 0.00% p.a. 0.00% p.a. 0.00% p.a. 0.00% p.a.
3 Months 0.00% p.a. 0.00% p.a. 0.00% p.a. 0.00% p.a.
6 Months 0.00% p.a. 0.00% p.a. 0.01% p.a. 0.01% p.a.
12 Months 0.00% p.a. 0.00% p.a. 0.01% p.a. 0.01% p.a.

GBP Fixed Term Deposit

Amount $5,000 - 49,999 $50,000 - 99,999 $100,000 - 249,999 $250,000+
1 Month 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.03% p.a.
2 Months 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.03% p.a.
3 Months 0.02% p.a. 0.02% p.a. 0.03% p.a. 0.05% p.a.
6 Months 0.05% p.a. 0.05% p.a. 0.07% p.a. 0.10% p.a.
12 Months 0.10% p.a. 0.10% p.a. 0.12% p.a. 0.15% p.a.

NZD Fixed Term Deposit

Amount $5,000 - 49,999 $50,000 - 99,999 $100,000 - 249,999 $250,000+
1 Month 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.05% p.a.
2 Months 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.05% p.a.
3 Months 0.01% p.a. 0.01% p.a. 0.02% p.a. 0.05% p.a.
6 Months 0.02% p.a. 0.02% p.a. 0.05% p.a. 0.10% p.a.
12 Months 0.02% p.a. 0.02% p.a. 0.05% p.a. 0.10% p.a.
Fees
Account Keeping Fees $0.00

Early repayments attract an administration fee and a reduction in the return generated for the depositor. Please refer to the General Banking Fees & Charges Guide for information on how the reduction amount is calculated.

Frequently Asked Questions

When your Term Deposit matures, you have the following options:

  • Reinvest – Your funds will be automatically reinvested for the same term on the date your Term Deposit matures.
  • Partially reinvest – Keep some of your initial funds invested while withdrawing the rest. We’ll place any funds not reinvested into your Everyday Saver Account.
  • Increase your investment – Add additional funds to your investment for greater returns.
  • Change the term – Invest your funds for a new term of between 1 to 13 months.
  • Withdraw your investment – Withdraw all of your funds.
  • If you don’t provide us with instructions, we will automatically reinvest your funds for the same term. You then have 7 calendar days (5 business days) to provide alternative instructions in relation to your reinvested funds without incurring an interest reduction penalty.

You can send us instructions via secure message within Internet Banking, or by calling us on 13 95 00.

All investments and reinvestments are subject to the interest rate applicable on the date your Term Deposit matures. You can click here to view our current rates.

If you’re applying for a Term Deposit with two or more applicants, any one of the applicants will be able to operate the account on their own (also known as ‘Either to sign’ operation). This means that any account holder can transact on the account without the permission of other account holders.

If you’d like a different mode of operation applied to your new account, please contact us on 13 95 00 (Mon-Fri, 9am-5pm AEST) to discuss your needs.

If you would like to withdraw funds from your account before maturity, you will need to provide Bank of Sydney at least 8 calendar days’ advance notice to withdraw your funds.

The 8 days’ notice period starts on the date you provide the written instructions to let us know you would like to withdraw your funds early. Your funds will be disbursed according to your selected method on the 9th day following your early repayment request.

For existing accounts, the early redemption notice period applies if you have reinvested your Term Deposit from 15 December 2021.

Early repayments attract an administration fee and a reduction in the return generated for the depositor. Please refer to the General Banking Fees & Charges Guide for information on how the reduction amount is calculated.

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We're here to help

Our Relationship Managers are on hand to help when you need it.

Speak to us today

Secure message via Internet Banking

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Talk to an expert that can help you grow your business overseas. We're available to chat 9:00am - 5pm AEST (Mon - Fri). 

Call 13 95 00

Please take a moment to read through the below information before applying, as this advice is general and does not take into account specific individual needs.

General Banking Fees & Charges
Deposit, Saving & Transaction Accounts PDS

More information about our product and services is available here.

Bank of Sydney is covered by the Australian Government Financial Claims Scheme (FCS) for amounts up to $250,000 per accountholder. For more information about the FCS go to www.fcs.gov.au