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Foreign Currency Certificate of Deposit

* Fixed rate of interest for tem of deposit
* Competitive interest rates and exchange rates
* Deposit terms: 7 days, 1, 3, and 6 months - minimum amount equivalent to USD25,000 for 7 days; USD5,000 for other terms
* Principal and interest are automatically renewed unless otherwise informed
* Currency exchange rates may vary according to prevailing market conditions
* Withdrawals can be made in US dollars or foreign currency (through wire transfer or bank draft only)
* Penalty for early withdrawal
* FDIC-insured up to $250,000 per depositor for all accounts at BEA New York Branch
* Currencies offered are:
 
Australian Dollar
 
Canadian Dollar
 
Euro
 
Hong Kong Dollar
 
Japanese Yen
 
New Zealand Dollar
 
Pound Sterling
 
Swiss Franc