We’re located in key Asian markets to address your personal needs.
Multi-Currency Term Deposits
“I want a low risk investment that I can access easily”
Multi Currency Term Deposits give you the flexibility to hold funds in a range of currencies while enjoying an attractive interest rate, and for different time frames in a capital stable investment.
Important information for clients with deposit accounts in Singapore: Westpac Banking Corporation Singapore Branch is not covered by the Deposit Insurance Scheme in Singapore
Dual Currency Investments*
“I want a higher rate of return than a conventional term deposit and don’t mind taking more risk. I’ve spoken to my independent adviser to confirm this is right for me.”
A Dual Currency Investment is an enhanced yield investment designed to provide a higher return than a standard term deposit. Unlike an ordinary term deposit, which repays principal and interest, a Dual Currency Investment repays principal and interest in either of two agreed currencies depending on the prevailing exchange rate (between those two currencies) two business days prior to maturity*.
It may be suitable for you if you are familiar with financial markets and are willing to accept a foreign exchange risk in return for the chance to gain a higher return. You would also be happy to receive the proceeds in either of the chosen currencies. You should seek specific independent investment advice to determine whether this product is right for you.
To find out more about investments at Westpac Private Bank in Asia contact us.
*WARNING
- Applicable for Dual Currency Investments
(a) By purchasing this Dual Currency Investment you are giving the Bank the right to repay you at a future date in an alternate currency that is different from the currency in which your initial investment was made, regardless of whether you wish to be repaid in this currency at that time.
(b) Dual Currency Investments are subject to foreign exchange fluctuations which may affect the return of your investment. Exchange controls may also be applicable to the currencies your investment is linked to. You may incur a loss on your principal sum in comparison with the base amount initially invested.
(c) Two days prior to maturity, Westpac will determine if the principal and interest will be repaid in the base or alternate currency depending on the prevailing exchange rate (between those two currencies).
(d) You may wish to seek advice from a licensed [or an exempt financial adviser if you are in Singapore] before making a commitment to purchase a Dual Currency Investment. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this Dual Currency Investment is suitable for you.
(e) Dual Currency Investments are not principal protected and early withdrawal will incur penalty costs.
(f) Westpac Singapore Branch is not covered by the Deposit Insurance Scheme in Singapore.
General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Please contact our Private Bank for advice from one of our relationship managers on details of the products available relevant to your individual circumstances. Products and services described may not be available to individuals who are residing outside of Singapore (including those residing in Australia or New Zealand). By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.
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