Overview of Australian Dollar Foreign Currency Fixed Deposit Scheme
It is a very good thing that you have a job that pays you well. That means, you can enjoy your life to the fullest and achieve all your goals in life. If you have enough money for yourself, you can go ahead and buy a car or a house for yourself. You can take your family out for an exotic vacation. But you must keep in mind that earning well in not enough all the time. You must also save substantially for future. Financial crisis and hit you at any point in life, without giving prior notice. If you do not have substantial amount of savings, it will be a problem for you to tackle such situations. When it comes to savings, the people of Singapore trust in fixed deposits. With fixed deposits, not only is your investment safe in the bank, but also you can earn a lot as interest on the placements. ICICI Bank is one of leading banks in the world and choosing their Foreign Currency Fixed Deposit can definitely be a good option. The minimum placement with which you can start a Foreign Currency Fixed Deposit account with ICICI Bank must be equivalent of SGD 5000. You can choose from several currencies for your foreign currency fixed deposit. AUD or Australian Dollar is one of them. The placement that you make renews itself upon maturity. You can also choose from a wide range of tenures. The rates of interest offered with ICICI AUD Fixed Deposit are also attractive.