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, using the whole tier balance method*

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 0.10% p.a. 0.10% p.a. 0.15% p.a. 0.20% p.a.
12 Months 0.15% p.a. 0.15% p.a. 0.20% p.a. 0.25% p.a.

EUR 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. 0.01% p.a. 0.01% p.a.
2 Months 0.01% p.a. 0.01% p.a. 0.01% p.a. 0.01% p.a.
3 Months 0.01% p.a. 0.01% p.a. 0.01% p.a. 0.01% p.a.
6 Months 0.01% p.a. 0.01% p.a. 0.01% p.a. 0.01% p.a.
12 Months 0.01% p.a. 0.01% 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. 0.05% 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 0.10% p.a. 0.10% p.a. 0.15% p.a. 0.20% p.a.
12 Months 0.15% p.a. 0.15% p.a. 0.20% p.a. 0.25% 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

Frequently Asked Questions

If you need to withdraw funds prior to maturity, unlike most other banks we do not require 31 days’ notice. Simply notify us and we can help to arrange the transfer of your funds as per your instructions.

Please note that early redemption of your term deposit will incur a $30 early repayment fee. You may also incur an interest payment reduction. For more information please read the Fees & Charges document.  

 

During your application, you can specify for one of the following options to take place on maturity:

  • Reinvest your original balance and interest earned
  • Transfer the balance to your linked Everyday Saver transaction account
  • Decide later

If you want to decide later, you can contact us prior to the date of maturity to let us know what you’d like to do on maturity. These are your options:

  • If you’d like to reinvest your Term Deposit balance, there’s no need for you to do anything. Your funds will be automatically reinvested for the same term on the date your Term Deposit matures.
  • Partially reinvest - You can choose an amount you’d like to reinvest, and the term you’d like it invested for. We’ll put any funds not reinvested directly into your Bank of Sydney Transaction account.
  • Increase your investment - You can add additional funds to your investment when your Term Deposit matures.Change the term - At maturity you can reinvest your funds for a new term of between 1 to 13 months.
  • Change the term - at maturity you can reinvest your funds for a new term between 1 to 13 months.
  • You can send us instructions via secure message within Internet Banking, or by calling us on 13 95 00 (Mon – Fri, 9:30am – 5pm AEST).

    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.

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We're here to help

Our Corporate and Institutional Bankers are on hand to help when you need it.

Ask questions or give feedback via our online enquiry form.

Talk to an expert that can help you grow your business overseas. We're available to chat 9:30am - 5pm AEST (Mon - Fri). 

*The whole tier balance method means that a single rate of interest will apply to the entire balance of your account. Different rates are offered in tiers depending on the balance of your account.

Any advice or information does not take into account your personal objectives, financial situation or needs and you should consider whether it is appropriate for you.

Terms and Conditions and Fees & Charges apply and are documented in the Deposit, Saving & Transaction Accounts Product Disclosure Statement (PDS) and Internet Banking Terms & Conditions. These are available from any branch of Bank of Sydney, at banksyd.com.au or by calling (13 95 00). It is recommended that you read them prior to making any decisions as this advice is general and does not take into account specific individual needs.

Bank of Sydney is covered by the Australian Government Financial Claims Scheme for amounts up to $250,000 per accountholder. For more information click here