Enables you to lodge foreign currency on deposit for a fixed term at prevailing interest rates for the currency concerned. The interest rate applied is fixed for the term of the deposit.
These deposits have a restriction on the minimum amount required, which is at least the foreign currency equivalent of AUD 50,000.00.
Proceeds of the deposit are not available until maturity of the term deposit.
Foreign Currency Term Deposits can also be lodged overnight or for one day, however the minimum deposit required is at least the foreign currency equivalent of USD 250,000.00
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