Westpac
Foreign Currency Term Deposit
A Foreign Currency Term Deposit (FCTD) is a type of term deposit product that allows you to invest foreign currency with Westpac for a fixed term. Westpac pays you interest at a fixed interest rate for the duration of the Foreign Currency Term Deposit.
At a glance
- Pricing
- Rates on application
- Min deposit
- $50,000
§ 02 — Fees · 2
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Monthly Service Fee | Periodic | No fee | Every 1 mo | No Monthly Service Fees |
| Transaction Fee | Transaction | No fee | — | No Transaction Fees |
§ 03 — Features
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- · Protection against unfavourable foreign exchange rate movements over time
- · Foreign Currency Term Deposits are available in a wide range of currencies. The currencies that may be available are United States Dollars, Great Britain Pounds, Canadian Dollars, Danish Kroner, Euro…
- · You can manage your transactional requirements for a foreign currency
- · The interest rate is fixed during the Term of the Foreign Currency Term Deposit
- · There are no transaction or monthly service fees payable on a Foreign Currency Term Deposit. However, where Westpac agrees to allow you to withdraw money from your Foreign Currency Term Deposit befor…
- · Foreign Currency Term Deposit interest rates vary from time to time and are set by Westpac. The rate is set at the time the Foreign Currency Term Deposit is opened and is fixed for the term of the Fo…
- · Your Foreign Currency Term Deposit can be tailored to your situation by choosing: a) the Principal Amount of your Deposit (subject to the minimum of AUD50,000); b) the Term of your Foreign Currency T…
- · Subject to a maximum 6-month term, the following minimum balances and terms apply: a) Deposits greater than $50,000 but less than $100,000 have a minimum 3-month term b) Deposits greater than $100,00…
§ 04 — Eligibility & limits
- · Minimum balance $50,000
- · Foreign Currency Term Deposits are available for both personal and business customers. Foreign Currency Term Deposits can only be opened in the name of one legal person. Joint accounts are not availa…
§ 06 — Run the numbers
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Published by Westpac under the Consumer Data Right, last changed by them on 13 Aug 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.