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Foreign Currency Services

Foreign Currency Term Deposits


Manage your foreign currency risk

Foreign Currency Term Deposits1 are an effective solution if you’re doing business abroad. While waiting to pay your suppliers, you can earn interest on your foreign funds at a guaranteed rate.

By locking your funds in for a specific term, you protect yourself from foreign exchange conversion when you need the funds again.

In addition to giving you a competitive edge, Foreign Currency Term Deposits can help you manage your cash flow. You’ll be able to:

  • Accurately quote on products or services in the currency of your foreign purchaser
  • Manage deposits from clients outside Canada
  • Avoid having to convert dollars on a regular basis

Earn a competitive guaranteed rate of interest on foreign funds

Foreign Currency Term Deposits at

TD Canada Trust
can also help you meet your personal savings goals. They are secure investments that offer you the ability to earn interest at a guaranteed rate on your foreign funds. Perhaps you’re saving to fund tuition if you have children studying abroad, or saving for a major purchase overseas. Foreign Currency Term Deposits can help protect your money against exchange rate fluctuations, and remove the worry about converting dollars on a regular basis.
Now available in 4 currencies at TD Canada Trust
Features:
  • Terms available from 1 to 369 days
  • Competitive interest rates guaranteed for the duration of the term2
  • Cashable prior to maturity


Purchase Foreign Currency Term Deposits today

You may purchase Foreign Currency Term Deposits by visiting your local TD Canada Trust branch. For more information, call 1-866-411-4440.


Details of our Foreign Currency Term Deposits

Currency3 Minimum Investment Settlement Liquidity
U.S Dollars $5,000 for 30 to 369 days

$100,000 for 1 to 369 days

 Same-day settlement Cashable in full prior to maturity with NO interest paid
Pound Sterling 25,000 GBP 30 to 369 days 2-day settlement (for purchase & sale) Cashable in full prior to maturity with NO interest paid
Australian Dollar 25,000 AUD 30 to 369 days 2-day settlement (for purchase & sale) Cashable in full prior to maturity with NO interest paid
New Zealand Dollar 25,000 NZD 30 to 369 days 2-day settlement (for purchase & sale) Cashable in full prior to maturity with NO interest paid




1 Foreign Term Deposits are not offered within an RSP; are not an insured deposit as defined by CDIC and are fully guaranteed by TD Bank Financial Group. Foreign Currency Term Deposits are subject to foreign exchange risk as the underlying currency may appreciate or depreciate during the investment term.
2 Simple interest is calculated on the principal amount and is paid at maturity.
3 There is no withholding tax applicable for non-residents.