Idea
USD Deposit Rates: Options for Holding USD Cash
by
iFAST Global Bank
Recent market conditions continue to be influenced by geopolitical developments, inflation expectations and changing interest rate environments.
As conditions evolve, some individuals and businesses may review how they hold USD cash balances and compare available deposit options.
USD deposit products provide access to interest rates that vary by term and product structure.
Current USD Deposit Rates – iFAST Global Bank*
Deposit Term | USD Interest Rate |
Instant Access | 2.25% AER (variable) |
1 Month | 2.80% AER^ |
3 Months | 3.00% AER^ |
6 Months | 3.45% AER^ |
1 Year | 3.60% AER^ |
2 Years | 4.00% AER^ |
3 Years | 4.05% AER^ |
4 Years | 4.10% AER^ |
5 Years | 4.15% AER^ |
*Rates are indicative only and may change. Rates are valid as of 22 June 2026. Eligibility criteria and product terms apply. Early withdrawal conditions may affect returns. Deposits up to £120,000 are fully protected by FSCS (Financial Services Compensation Scheme). More details: https://www.fscs.org.uk/ . T&Cs apply.
^Fixed Term Deposit rates are fixed. Rates are valid as of 22 June 2026.
Understanding Different USD Deposit Terms
USD deposit products may offer different interest rates depending on the selected term.
Instant access deposits generally allow access to funds without a fixed maturity period.
Fixed-term deposits apply an interest rate for a defined deposit period and may include conditions relating to access or early withdrawal.
Rates shown above illustrate how interest rates currently vary across available USD deposit terms.
Holding USD Cash: Comparing Available Terms
When reviewing USD deposit options, factors such as deposit term, access requirements, and product conditions may differ.
Current rates may change over time, and availability is subject to applicable terms and eligibility requirements.
For the latest information, please refer to the applicable product documentation.
Frequently Asked Questions
1) What is a USD deposit?
A USD deposit is a cash deposit denominated in US dollars that may pay interest according to the product terms.
What is the difference between instant access and fixed-term deposits?
Instant access deposits generally allow withdrawals without a fixed maturity date, while fixed-term deposits are held for a specified period.
2) Do USD deposit rates stay the same?
Rates available for new deposits may change over time. Fixed-term products typically apply the agreed rate for the applicable term, subject to product conditions.
3) Are deposit products the same as investing in financial markets?
Deposit products and market investments have different features, risks, and return characteristics.
This communication is provided for informational purposes only and does not constitute investment advice, financial advice, a recommendation, or an offer to enter into any financial product.
iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).
iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.
Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.
