Accounts

Foreign Currency Term Deposit

Our Foreign Currency Term Deposit may be the best way to invest your foreign currencies securely especially in volatile times. Your money is safe and returns are guaranteed.

A safe investment

Invest your money securely and on your terms:
  • Get back your initial capital at maturity
  • Minimum return on investment assured
  • Obtain a hedge against currency fluctuations:
    Interest rate is determined on the day you set up your deposit and remains fixed until it arrives at maturity
  • Interests payable to non-residents are not taxable
    (as per current legislation)

Flexible options

You can choose to open either a fixed or a floating rate foreign currency term deposit:
  • Deposits offered for periods of less or equal to 12 months earn a fixed interest rate (3, 6 and 12 month)
  • Deposits offered for periods 18, 24, 36,48 and 60 months earn either floating interest rates which are re-priced on the first day of each month, or fixed interest rates
  • Accounts may be operated in major foreign currencies.
  • Interest payment options: quarterly, half-yearly or yearly for floating long-term deposits
Minimum amount to maintain a Fixed Rate Term Deposit
GBP USD EUR AUD ZAR
5,000 5,000 5,000 10,000 50,000
Deposit can be in Great Britain Pound Sterling (GBP), US Dollar (USD), Euro (EUR), Australian Dollar (AUD) and South African Rand (ZAR)
Minimum amount to maintain a Floating Term Deposit
GBP USD EUR
5,000 5,000 5,000