Grow your savings with our
Rewarding Interest Rates

Flexible Terms

Flexible Terms

Choose a time period that suits your financial goals, ranging from 1 month to 60 months.

Currency Options

Wide Range of Currency Options

Enjoy fixed returns in your preferred currency and choose from a variety of fixed term deposit options.

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Know exactly what you'll get

You'll know exactly how much interest you'll earn when you place your instruction.

Fixed Returns

Fixed Returns

Lock in a fixed interest rate for a specific duration, ensuring that your savings will grow.

Maximise your returns with
24/7 fixed term deposit placement

FSCS Protection
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Maximise Your Saving
with No Maximum Balance

Start a fixed term deposit in your chosen currency and select from GBP, USD, EUR, HKD, SGD, CNY, JPY, AED or CHF. Grow your savings and suit your needs.

Earn More with Our Competitive
Fixed Term Deposit Rates

Term LengthGross / Annual Equivalent Rate (AER)
GBP
USD
EUR
HKD
SGD
CNY
JPY
AED
CHF
Fixed 1 Month 3.50% 2.80% 1.50% 2.20% 1.60% 1.10% - 2.85% -
Fixed 3 Months 3.75% 3.00% 1.80% 2.50% 1.70% 1.30% - 3.00% -
Fixed 6 Months 4.00% 3.45% 2.20% 2.95% 1.75% 1.50% - 3.30% -
Fixed 12 Months 4.20% 3.60% 2.30% 3.15% 2.00% 1.75% 0.85% 3.50% -
Fixed 24 Months 4.25% 4.00% 2.40% 3.30% 2.00% - - - -
Fixed 36 Months 4.25% 4.05% - 3.55% - - - - -
Fixed 48 Months 4.30% 4.10% - 3.65% - - - - -
Fixed 60 Months 4.30% 4.15% - 3.75% - - - - -
Important Notice: Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.

Fixed Term Deposit Summary Box

Expand All

Fixed Term Deposit

Term LengthGross / Annual Equivalent Rate (AER)
GBP
USD
EUR
HKD
SGD
CNY
JPY
AED
CHF
Fixed 1 Month3.50%2.80%1.50%2.20%1.60%1.10%-2.85%-
Fixed 3 Month3.75%3.00%1.80%2.50%1.70%1.30%-3.00%-
Fixed 6 Month4.00%3.45%2.20%2.95%1.75%1.50%-3.30%-
Fixed 12 Month4.20%3.60%2.30%3.15%2.00%1.75%0.85%3.50%-
Fixed 24 Month4.25%4.00%2.40%3.30%2.00%----
Fixed 36 Month4.25%4.05%-3.55%-----
Fixed 48 Month4.30%4.10%-3.65%-----
Fixed 60 Month4.30%4.15%-3.75%-----
Important Notice: Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
Definitions
  1. AER stands for Annual Equivalent Rate. This shows you what the interest rate would be if interest was paid and compounded once each year.
  2. Gross is the rate of interest payable without taking account of any tax payable.
  3. Business Day refers to any days other than Saturday, Sunday, or Bank Holiday on which banks are open for business in London.
* Interest is calculated daily and paid upon maturity of the product.

No, once the fixed term deposit has started, the interest rate on this product is fixed and not subject to any changes.

Term LengthGross / Annual Equivalent Rate (AER)
GBP
USD
EUR
HKD
SGD
CNY
JPY
AED
CHF
Fixed 1 Month£1,002.88US$1,002.33€1,001.25HK$1,001.81S$1,001.32CN¥1,000.92-د.إ1,002.38-
Fixed 3 Month£1,009.35US$1,007.58€1,004.55HK$1,006.23S$1,004.24CN¥1,003.29-د.إ1,007.58-
Fixed 6 Month£1,020.05US$1,017.54€1,011.18HK$1,014.79S$1,008.77CN¥1,007.63-د.إ1,016.78-
Fixed 12 Month£1,041.88US$1,036.40€1,023.26HK$1,031.41S$1,019.95CN¥1,017.69JP¥1,008.59د.إ1,035.39-
Fixed 24 Month£1,085.12US$1,081.22€1,048.73HK$1,066.09S$1,040.05----
Fixed 36 Month£1,127.50US$1,123.19-HK$1,106.50-----
Fixed 48 Month£1,172.00US$1,166.28-HK$1,146.00-----
Fixed 60 Month£1,215.00US$1,210.38-HK$1,187.50-----
Important Notice:  Our interest rates may change. Kindly check the latest rates through your banking portal or mobile app after logging in.
  1. This projection assumes one payment of 1000 is deposited on the first day of account opening, with no further deposits or withdrawals made during the projection period, and that interest is paid into this account at the end of the term.
  2. This is for illustrative purposes only, and doesn’t take into account your individual circumstances.
  1. Eligibility
    • Please complete our digital onboarding process or submit your application for an iFAST Global Bank account via email. Once you're a client, you can apply online through your website portal or the iFAST Global Bank Business Banking app. Note that only users with Admin roles or those granted management permissions can open and manage the account.
  2. How to open the account
    • You can raise your request for new Fixed Term Deposit Account using your website portal or iFAST Global Bank business banking app. Once we receive your instruction, we will proceed for the new Fixed Term Deposit Account opening.
    • You can apply this Fixed Term Deposit Account via the iFAST Global Bank website or mobile APP.
  3. Minimum/ Maximum Balance:
    • Multiple Fixed Term Deposit Accounts are allowed.
    • Minimum deposit is 1 dollar (for any of the following currencies value: GBP/ EUR/ USD/ HKD/ SGD/ CNY).
    • No maximum deposit amount.
  4. How to manage the account:
    • Once opened, your Fixed Term Deposit Account can be managed via our online customer banking portal or mobile app with 24/7 access.
    • Statements for your Fixed Term Deposit Account can be found via our online customer banking portal or mobile app with 24/7 access.
  1. There is a 14-day cooling-off period from the date your account is opened. During which time, you can close your account without any charges.
  2. Unfortunately, this account doesn’t permit withdrawals before the agreed maturity date. However, we may allow you to close your account and make a withdrawal in exceptional circumstances, at our discretion. We may ask for evidence and/or further information to be provided in these situations.
  1. We will notify you before the maturity of your Fixed Term Deposit. You can choose to renew your Fixed Term Deposit for the same duration. However, the interest rate may vary depending on iFAST Global Bank’s updated offerings. If we don’t receive any instruction from you, your deposit together with the interest, will be returned to the respective currency of your Multi-Currency Current Account at maturity.
  2. We do not deduct tax from any interest paid to you. You will be responsible for the payment of any taxes in connection with the Fixed Term Account or the interest earned by you.
  3. You can decide on whether to auto-renew your Maturity instruction when placing your deposit.
    • No Auto-Renewal Selected: If you choose NOT to enable auto-renewal deposition your Fixed Term Deposit, the principal amount, along with the accrued interest, will be returned to the respective currency of your Multi-Currency Current Account at the maturity date.
    • Auto-Renewal Selected: If you opt for auto-renewal, at the maturity date, the principal amount and interest (if applicable) will be automatically renewed, unless you inform us that you want to opt out. Your new Fixed Term Deposit will be at the prevailing interest rate at that time of renewal. Please note that interest rates are not guaranteed, may be higher or lower and the principal amount calculated based on these rates may vary. Your actual interest rate and principal amount will be clearly displayed in the confirmation notice, and are subject to the relevant terms and conditions.

How to conduct the fixed deposit?

1

Login to iFAST Global Bank Business account

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
2

Select 'Apply Deposit' and choose 'Fixed Term Deposit' from the tab

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
3

Select currency and the tenor of deposit

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
4

Preview the deposit contract details and key features documents

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank
5

Receive the contract confirmation and notification

Overview of the steps of how to conduct the fixed deposit with iFAST Global Bank

FAQs

For your personal information security and to safeguard your finances, it's essential to register with our digital token in you personal mobile device before confirming any deposit placements.


iFAST Global Bank Business Banking mobile app

1. You can select either “Fixed Term Deposit” or “Notice Deposit”, then click “Apply Now”


iFAST Global Bank Business Banking web portal

1. Click "Apply Now" and you can select either “Fixed Term Deposit” or “Notice Deposit”.
While applying the Fixed Term Deposit, you will be given the option to renew the contract upon maturity. 
Both Notice Deposits and Fixed Term Deposits are types of accounts that offer more attractive interest rates than regular savings accounts. The significant differences between them are: 

1. Withdrawal of Funds Notice Deposit: Funds can be withdrawn upon providing advance notice, typically, 95 days. Fixed Term Deposit: No withdrawals are allowed during the fixed term which can range from 1 to 24 months. 

2. Flexibility Notice Deposit: Tend to offer more flexibility, permitting occasional withdrawals if the required notice period is given.
Unfortunately, this account doesn’t permit withdrawals before the agreed maturity date. However, we may allow you to close your account and make a withdrawal in exceptional circumstances, at our discretion. We may ask for evidence and/or further information to be provided in these situations.