Foreign Currency Deposits

Bespoke products to help you manage risks and opportunities when trading with overseas customers and suppliers.

Ready to apply?

To apply for Foreign Currency Deposits, please speak to your dedicated Relationship Manager.

Fixed Term Deposit

  • Available in multiple currencies including GBP, EUR & USD
  • Any term available from overnight to three years
  • Provides a fixed interest rate over the agreed term
  • Interest is paid on the maturity date
  • No withdrawals permitted until maturity date
  • No additional funds can be paid in during the term of the deposit, however you can open more than one deposit

32 Day USD Notice Account

  • Available in USD currency
  • Funds are committed for a minimum period of 32 days
  • Provides a tracked interest rate aligned to the Federal Funds Target Rate (FDTR)
  • Interest is calculated and paid into the account daily
  • Minimum of $10,000 and 32 days’ notice required to make a withdrawal, the remaining balance must remain above $10,000
  • Additional funds can be paid into the account

Eligibility

To apply for Foreign Currency Deposits, you should:

  • already hold a Foreign Currency Account with Bank of Scotland
  • have annual business turnover between £3-25 million
  • be a sole trader, or a partner or director of the business
  • be over the age of 18
  • require the account for business use

Ready to apply?

To apply for Foreign Currency Deposits, please speak to your dedicated Relationship Manager.

Talk to our specialists

If you are a new customer to Bank of Scotland you will need to open a Sterling business account and Foreign Currency Account with us in order to open Foreign Currency Deposits. If you are a new customer, please call us. We’re available 9am to 5pm Monday to Friday, except UK bank holidays.