Foreign Currency Deposits

If you have excess funds in a foreign currency account, and you intend to retain these funds for a period of time, then you may wish to review our foreign currency deposits.

Fixed Term Deposit

  • Available in over 13 currencies including GBP, EUR & USD
  • Any term available from overnight to three years
  • Provides a fixed interest rate over the agreed term
  • Interest is calculated and paid into the account daily
  • No withdrawals permitted until maturity date
  • No additional funds can be paid in during the term of the deposit, however you can open more than one account

32 Day USD Notice Account

  • Available in USD currency
  • Funds are committed for a minimum period of 32 days
  • Provides a tracked interest rate aligned to the Federal Funds Target Rate (FDTR)
  • Interest is calculated and paid into the account daily
  • Minimum of $10,000 and 32 days’ notice required to make a withdrawal, the remaining balance must remain above $10,000
  • Additional funds can be paid into the account

Is my business eligible?

To apply for our Foreign Currency Deposits, you must:

  • Already hold a Commercial Foreign Currency Account with us
  • Require the account for business use
 
  • Be aged 18 or over
  • Be a sole trader, partner or director

Apply now

To discuss and apply for Foreign Currency Deposits, please speak to our business management team on 0345 305 5555 or your dedicated Relationship Manager. 

We are available 8am to 5pm Monday to Friday, except on UK bank holidays.

Commercial Foreign Currency Account

If you regularly pay or receive foreign currencies, you may wish to review our Commercial Foreign Currency Account products which may help to manage your international trade activities. You can find information on our Commercial Foreign Currency Account here.

Apply now

To discuss and apply for Foreign Currency Deposits, please speak to our business management team on 0345 305 5555 or your dedicated Relationship Manager. 

We are available 8am to 5pm Monday to Friday, except on UK bank holidays.