A
simple, effective way to invest your valued
capital...
Secured investment
with steady growth
MCB Foreign Currency
Term Deposit may just be the best way to invest
your foreign currencies securely. We will make your
money work harder for you by offering the most attractive
interest rates.
Flexible Options
- choose to open either a fixed or a floating rate term
deposit
- select the term
of your deposit -
with maturity periods starting from one week
up to 60 months
- interest
payment options to
suit your specific needs - including quarterly,
half yearly or at maturity
- accounts
may be operated in major foreign
currencies
| Fixed Rate Term Deposit |
- short term deposit as from
one week to up to 12 months
- interest rate
is determined on the day you set up your
deposit and remains fixed until it
arrives at maturity
- interests payable at
maturity only
- you can opt, at
maturity, for an automatic renewal
of your 'one week' and 'one month' deposit (at
the then prevailing rate)
- deposit can be in Australian
Dollar [AUD], Euro [EUR], Great Britain Pound
Sterling [GBP], US Dollar [USD] and South African
Rand [ZAR]
|
minimum
amount to maintain a
Fixed Rate Term Deposit |
GBP |
USD |
EUR |
AUD |
ZAR |
5000 |
5000 |
5000 |
10000 |
50000 |
| Floating
Rate Term Deposit |
- long term deposit - 18,
24, 37, 48, or 60 months
- interest
rate payable on such deposits is reviewed
quarterly, using the rates that are effective
on the first working day of the following
months: January, April, July and October
- interests are calculated
daily and payable either quarterly or half-yearly
- deposit can be in Euro
[EUR], Great Britain Pound Sterling [GBP]
and US Dollar [USD]
|
minimum
amount to maintain a
Floating
Term Deposit |
GBP |
USD |
EUR |
5000 |
5000 |
5000 |
| did you know? |
- benefit
from a higher interest
rate when you choose
longer term for your deposits
and less frequent interests payments
- you can use your
deposit as security
for a loan facility or an
overdraft
- enjoy the security
of a safe investment -
you are sure to get back the capital you
have invested
at maturity of your deposit
|
| important
note ... |
you
will need to open and maintain a foreign
currency account in the currency in which
you wish to set up your
deposit |
|
|
account access 
useful links
