Protect your currency funds.
Make and receive foreign currency payments in selected currencies without the need to convert the funds into euros. These accounts can help protect you against adverse exchange rate movements.
Currency Deposit Accounts
| New Zealand Banks will no longer accept drafts and cheques from 31 May 2021. If we receive NZD drafts and cheques after 10 May 2021 we will not process them. |
Save costs, earn interest.
Help protect against adverse foreign exchange movements and take advantage of the opportunity to earn interest on your surplus currency funds with either our Currency Call or Currency Fixed Term Deposit accounts.
Dedicated Customer Service.
Our Customer Service Unit is available from 9am to 5pm, Monday to Friday. Call + 353 1 6115210
(not on ROI Bank Holidays)
Choose between either our Currency Call Deposit Account or Currency Fixed Term Deposit Account.
| >Currency Call Deposit Account | Currency Fixed Term Deposit Account | |
| Interest payable on the balance in the account | See deposit rates section below |
See deposit rates section below |
| Type of interest | Variable | Fixed for duration of the investment term |
| Interest paid | In March and September. | On maturity. |
| Investment terms | N/A | 1 week – 364 days |
| Withdraw funds | Y | N* |
| Lodgements | Y | Y only on re-investment |
| Transaction fees | Y | N* |
| Joint accounts for up to 4 parties | Y | Y |
| Access via iBusiness Banking | View & Transact |
View Access Only |
Deposit Rates
Rates last reviewed 22nd June 2020
A.E.R is the Annual Equivalent Rate. Interest is subject to Deposit Interest Retention Tax (DIRT), where applicable, at the prevailing rate on the date interest is paid. (For more information please visit: www.revenue.ie).
Product |
Current Variable Rate |
|
A.E.R% |
Gross% |
|
Currency Call Deposit Account All Currencies (excluding euro) |
0.01% |
0.01% |
A.E.R. is the Annual Equivalent Rate and shows what the interest rate would be if the interest was compounded and paid each year (instead of monthly or over any other period). |
||
Product |
Current Fixed Rate |
Currency Fixed Term Deposit Account |
Gross% |
British Pound (GBP) |
0.10% |
US Dollar (USD) |
0.10% |
All other currencies (excluding euro) |
0.05% |
The rate quoted above is indicative only and the actual rate applicable to the Currency Fixed Term Deposit will be the applicable rate prevailing at the time the account is opened or reinvested in. |
|
Read Terms and Conditions.
WARNING: The interest rate applicable to a Currency Account may be 0% or less than 0%
Additional Information
- Direct cash lodgements or withdrawals are not supported
*If the agreed term of your Currency Fixed Term Deposit Account is broken an Administration Cost will be applied and a Funding Cost may be applied where applicable. Administration Cost €63.50 (currency equivalent levied to the Currency Fixed Term Deposit Account) and Funding Cost (where applicable). Funding Cost represents our costs in replacing your deposit with a corresponding fixed deposit for the period from the date of your withdrawal to the original maturity date of the Currency Fixed Term Deposit Account.