Bank of Sydney Foreign Currency Term Deposit

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.

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Product NameBank of Sydney Foreign Currency Term Deposit $5,000 - 49,999
3 month interest rate0.05%
6 month interest rate0.05%
12 month interest rate0.10%
Minimum Opening Deposit$5,000
Minimum Age Requirement18
The rates displayed above are interest rates paid at maturity only. We endeavour to ensure that the information on this site is current and accurate but you should confirm any information with the product or service provider and read the information they can provide.

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


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.

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