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.
Fees
| Fee | Type | Amount |
|---|---|---|
| Monthly Service Fee Charged monthly · No Monthly Service Fees | Ongoing | $0.00 |
| Transaction Fee No Transaction Fees | Transaction | $0.00 |
Features
- Protection against unfavourable foreign exchange rate movements over time
- Fraud protection
- The product includes fraud protection features.
- Relationship management
- Relationship management is available for eligible customers.
- 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, Hong Kong Dollars, Japanese Yen, New Zealand Dollars, Norwegian Kroner, Singapore Dollars, Swiss Francs and other currencies on application. Interest is calculated upon 365 day year for Great Britain Pounds, Hong Kong Dollars and New Zealand Dollars and for rest upon 360 day year.
- You can manage your transactional requirements for a foreign currency
- The interest rate is fixed during the Term of the Foreign Currency Term Deposit
Eligibility
- 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 available.
Constraints
- Minimum balance — $50,000.00
More Information
Published by Westpac under the Consumer Data Right · Last updated 25 May 2026 · Product ID TDForeignCurrencyTermDeposit · View on CDR.gov.au