You may hold an instant deposit account for cash deposits in a specific currency that is not required immediately but that you may need at short notice. You need to hold an active current account in the nominated currency with us.
Our instant deposit accounts are available in 20 different currencies and may earn interest, which varies by currency. You access your funds immediately by transferring them to your current account.
If you don’t need funds in a particular currency for a period of time, you may hold them in a term deposit account. You can open accounts in up to 20 currencies for 3, 6 or 12 month terms. They will accrue interest, which varies by currency. During the term, interest rates are fixed and you cannot withdraw funds. You need to hold an active current account in the nominated currency.
BFC Bank Limited, 9th Floor, South Quay Building, 189 Marsh Wall, London E14 9SH
BFC Bank is a trading name of BFC Bank Ltd authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority Financial Services Register number: 716167. BFC Bank Limited Registered in England and Wales, company number 4797759.