Revisions in Interest Rates for Foreign Currency Deposit
With effect from 1 August 2016, the applicable interest rates for our foreign currency deposits denominated in USD and AUD currencies will be revised.
What are the interest rate revisions?
From 1 August 2016, the following new interest rates will be applicable to USD and AUD denominated deposits placed with us in our foreign currency accounts:
USD High Account
| CURRENCY | DEPOSIT AMOUNT(USD) | EXISTING INTEREST RATES PER ANNUM(% P.A.) | NEW INTEREST RATES PER ANNUM(% P.A.) |
|---|
| USD | Below 200,000 | 0.10 | 0.03 |
| 200,000 to below 1,000,000 | 0.10 | 0.05 |
| 1,000,000 or above | 0.10 | 0.10 |
FCY$aver Account
| CURRENCY | DEPOSIT AMOUNT(USD) | EXISTING INTEREST RATES PER ANNUM(% P.A.) | NEW INTEREST RATES PER ANNUM(% P.A.) |
|---|
| USD | Below 200,000 | 0.10 | 0.03 |
| 200,000 to below 1,000,000 | 0.10 | 0.05 |
| 1,000,000 or above | 0.10 | 0.10 |
FCY$aver Staff Account
| CURRENCY | DEPOSIT AMOUNT(USD) | EXISTING INTEREST RATES PER ANNUM(% P.A.) | NEW INTEREST RATES PER ANNUM(% P.A.) |
|---|
| USD | Below 200,000 | 0.10 | 0.03 |
| 200,000 to below 1,000,000 | 0.10 | 0.05 |
| 1,000,000 or above | 0.10 | 0.10 |
FCY$aver Staff Account
| CURRENCY | EXISTING INTEREST RATES PER ANNUM(% P.A.) | NEW INTEREST RATES PER ANNUM(% P.A.) |
|---|
| AUD | 2.50 | 1.20 |