In this guide

  • Review
  • Details
    • Key details
    • Eligibility
  • Key features
  • How to apply
  • Compare other term deposit accounts
  • Your reviews
  • Ask a question
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Bank of Sydney Foreign Currency Term Deposit

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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
  • Compare other term deposit accounts
  • 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.

Compare other term deposit accounts

1 - 8 of 180
Name 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Judo Bank Term Deposit
Judo Bank logo
Finder Award$1,000 min. deposit
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.25%
7 Mths p.a.
-
12 Mths p.a.
5.25%
24 Mths p.a.
5.20%
Go to siteMore Info
Newcastle Permanent Term Deposit
Newcastle Permanent logo
$1,000 min. deposit
3 Mths p.a.
3.50%
4 Mths p.a.
3.50%
5 Mths p.a.
3.50%
6 Mths p.a.
5.05%
7 Mths p.a.
3.80%
12 Mths p.a.
4.80%
24 Mths p.a.
4.00%
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BCU Term Deposit
BCU logo
$1,000 min. deposit$999,999 max. deposit
3 Mths p.a.
4.60%
4 Mths p.a.
4.80%
5 Mths p.a.
3.40%
6 Mths p.a.
4.70%
7 Mths p.a.
4.00%
12 Mths p.a.
4.50%
24 Mths p.a.
4.40%
Go to siteMore Info
MyState Bank Online Term Deposit
MyState Bank logo
$5,000 min. deposit$50,000,000 max. deposit
3 Mths p.a.
2.50%
4 Mths p.a.
4.20%
5 Mths p.a.
5.10%
6 Mths p.a.
4.60%
7 Mths p.a.
3.50%
12 Mths p.a.
5.00%
24 Mths p.a.
3.95%
Go to siteMore Info
Great Southern Bank Term Deposit Account
Great Southern Bank logo
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
4.90%
4 Mths p.a.
2.95%
5 Mths p.a.
2.95%
6 Mths p.a.
5.20%
7 Mths p.a.
3.05%
12 Mths p.a.
5.20%
24 Mths p.a.
4.40%
Go to siteMore Info
Judo Bank Business Term Deposit
Judo Bank logo
$1,000 min. deposit
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.25%
7 Mths p.a.
-
12 Mths p.a.
5.25%
24 Mths p.a.
5.20%
Go to siteMore Info
Great Southern Bank Platinum Plus 55+
Great Southern Bank logo
$5,000 min. deposit$1,000,000 max. deposit
3 Mths p.a.
-
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
-
7 Mths p.a.
-
12 Mths p.a.
5.30%
24 Mths p.a.
4.50%
Go to siteMore Info
Judo Bank SMSF Term Deposit
Judo Bank logo
3 Mths p.a.
5.00%
4 Mths p.a.
-
5 Mths p.a.
-
6 Mths p.a.
5.25%
7 Mths p.a.
-
12 Mths p.a.
5.25%
24 Mths p.a.
5.20%
Go to siteMore Info
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