UOB foreign currency time deposit schemes offer safety and high returns on your investment. It provides you the convenience of opening an account in a currency of your preference.
New Zealand Dollar (NZD) is available among the long list of options. Opening a fixed deposit with UOB is easy and hassle-free. Some of the key features of this scheme are:
- You can open an account under this time deposit with an amount as low as NZ$5,000.
- The lowest tenure available is one week.
- The highest tenure available is 12 months.
- On deposits below NZ$50,000, interest will accrue only on tenures exceeding one month.
- On deposits between NZ$250,000 and NZ$499,999, interest will accrue from the first week itself.
- Deposit to and withdrawal from the UOB Foreign Currency Fixed Deposit scheme is convenient and hassle-free. Modes available are:
- Telegraphic transfer
- Your fixed deposit will be automatically renewed upon maturity, unless stated or requested otherwise.
- This fixed deposit can be used as a collateral for loans and other UOB lines of credit.
- Anyone aged 15 or above can apply for this deposit scheme.
- Non-resident individuals will need an introducer to open an account.
UOB New Zealand Dollar Foreign Currency Fixed Deposit Interest Rate
The interest rate for NZD fixed deposit account begins from 0.22% p.a. and could go up to 1.83% p.a. depending on the amount deposited and the tenure chosen. Check out the latest rates below:
|Currency/Tenure||1 Week||2 Weeks||1 Month||2 Months||3 Months||6 Months||12 Months|
|Below NZ$50,000||N.A.||N.A.||0.22% p.a.||0.41% p.a.||0.74% p.a.||0.74% p.a.||0.83% p.a.|
|Between NZ$50,000 and NZ$99,999||N.A.||N.A.||0.62% p.a.||0.81% p.a.||1.14% p.a.||1.14% p.a.||1.23% p.a.|
|Between NZ$100,000 and NZ$249,999||N.A.||N.A.||0.82% p.a.||1.01% p.a.||1.34% p.a.||1.34% p.a.||1.43% p.a.|
|Between NZ$250,000 and NZ$499,999||0.23% p.a.||0.26% p.a.||1.22% p.a.||1.41% p.a.||1.74% p.a.||1.74% p.a.||1.83% p.a.|
Don’t forget to look up for the latest rates here before applying for this product because rates keep fluctuating with fluctuations in currencies and other macroeconomic factors.