For a year and a day, residents and non-residents alike can benefit from a foreign currency account that ‘works overtime’. If you have a minimum of US$1,000.00/£1000 and can afford to put it away for a year, then you should not miss out on the attractive rates that this plan offers.

 

 

Features & Benefits

  • Balance is maintained in US dollars/Pound Sterling and fixed for one year and a day (366 days)
  • Get attractive and competitive interest rates
  • Interest accrued daily and credited every three months and at maturity
  • No tax withheld on interest if you live overseas*
  • Interest paid in the currency of the account by cheque or transferred to a savings account
  • No withdrawals allowed before the stated maturity date
  • Funds may also be deposited in Canadian Dollars, Cayman Dollars, US Dollars or Pound Sterling, but will be converted to the currency of the account
  • These accounts may not be used as collateral for mortgages or Share Loans

At Victoria Mutual, we take our customers seriously and we are mindful of the need for you to have options. As always, your money is safe and secure with us.

Rates

*Conditions apply