The Foreign Currency Fixed Deposit Account by CIMB bank allows you to save a fixed amount in a foreign currency of your choice that the bank accepts with a fixed rate of interest earned for the tenure that you have chosen. CIMB offers a choice of 7 foreign currencies including USD, AUD, NZD, GBP, EUR, CAD and CNH among which AUD is a popular choice opted by customers and CIMB even provides promotional interest rates for opening a CIMB Foreign Currency FD Account in the Australian Dollar (AUD) currency for various tenures. Additionally, the bank also provides attractive features including Automatic Renewal of your Fixed Deposit Account upon reaching the maturity period wherein the bank will renew your deposit for the same tenure unless you provide other instructions on what to do with the account upon maturity.
CIMB offers a rich choice of several international currencies to open a fixed deposit with. AUD (Australian Dollars) is one of them. It is a good idea to keep away a considerable amount in the bank which can be used in the future. More so, you could earn attractive interest over your money.
CIMB offers a rate of interest in the range of 1.38% going up to 2.38% p.a depending on the amount and the tenure. The lowest amount with which you can start a fixed deposit account is AUD10,000 going up to AUD250,000.
Additionally, the bank provides auto-renewal of the account on reaching maturity. You can instruct the bank on changing the interest rates, if you wish to, once the maturity date is near. You could also check out the ongoing promotional offers to enjoy more benefits from CIMB.
CIMB Australian Dollar Foreign Currency Fixed Deposit Interest Rates:
The interest rate provided by banks is subject to fluctuations. Foreign currency interest rates depend heavily on both international economic conditions, exchange rate of the currency with US dollar as well as Singapore dollar, and even the bank’s own financial condition. Therefore, it is necessary to recheck the rates before taking the final decision.