In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Bank of Sydney Foreign Currency Term Deposit

Bank of Sydney Foreign Currency Term Deposit
Interest rate 12 months interest rate
Up to 0.1% p.a.
Minimum opening deposit
$5,000
Account keeping fee
$0
Maximum deposit
$49,999

Summary

Diversify your wealth with secure investments in foreign currencies.

With the Bank of Sydney you can diversify your portfolio by investing in high interest-earning term deposits in various foreign currencies. You can manage your term deposit accounts from anywhere in the world using Bank of Sydney’s online banking system.

The below interest rates are for USD fixed term deposits. Different rates apply for EUR, GBP or NZD.

Pros

  • Diversify your deposits
  • Available in USD, EUR, GBP and NZD
  • No account keeping fees

Cons

  • Minimum investment

In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Your reviews
  • Ask a question

Details

Key details

Product Name Bank of Sydney Foreign Currency Term Deposit
3 month interest rate 0.05%
6 month interest rate 0.05%
12 month interest rate 0.10%
Minimum Opening Deposit $5,000
Minimum age requirement 18
Government guarantee Yes

Eligibility

Minimum Age Requirement 18
Joint account availability No
Min Deposit $5,000
Available to children Not available for children

Key features

Available currencies

Through this term deposit you can choose to invest in US Dollar (USD), Euros (EUR), British Sterling Pound (GBP) or New Zealand dollars (NZD). You will access competitive rates through the Bank of Sydney Treasury in order to secure your term deposit in the currency of your choice.

Term lengths

You can choose to make your investment starting at one month up to one year.


How to apply

Eligibility

If possible, you will have to visit your local Bank of Sydney branch in order to apply for the Foreign Currency Term Deposit. If you are unable to attend a Bank of Sydney branch you can visit their website to access and download the application and identification forms for individuals. Make sure that you are able to meet the eligibility requirements for this account before getting started on the application:

  • Minimum age. You must be at least 18 years of age in order to be able to open this account.
  • Residency requirements. The Foreign Currency Term Deposit is available for both residents and non-residents of Australia. If you are a non-resident you will be subject to special PAYG tax withholding rules on your interest earnings.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Staff Finder

Writer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site