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Dual Currency Account
Citibank’s Dual Currency Account is a flexible short-term investment linked to the forex market. We are the only bank in Australia to offer this specialist investment, and our multi-lingual team can help you keep up-to-date with exchange rate forecasts and trends to help you make your investment decision.
RISK PROFILE
Moderate-to-high
MINIMUM INVESTMENT
AUD$50,000
RETURN PROFILE
Income
Features and benefits
Gain the potential to benefit from your view on future currency movements with a Dual Currency Account (DCA):
The ability to pair currencies is what sets the DCA apart from traditional accounts, as it allows you the potential to earn higher returns.
Potential risks
You should be comfortable with holding either of the paired currencies at maturity, and also be willing to accept the risk of loss of principal in exchange for the possibility of an enhanced total return.
Learn more
The interest rate you will earn on your Dual Currency Account (DCA) investment is primarily determined by four factors set at your discretion:
If your expectation of future currency movements is correct, and the base currency is weaker than the alternate currency at maturity, your investment will remain in the base currency at maturity. If the base currency is stronger than the alternate currency at maturity, your investment will automatically convert to the alternate currency.
Press play to hear more about foreign currency at Citibank.
Product Disclosure Statement
Further detail about the Dual Currency Account, including available currency pairs.
How to invest
The Dual Currency Account (DCA) has a minimum investment of AUD$50,000 or the equivalent in another currency.
You can find out how to make an investment by referring to our How To Invest page.
Useful links
The Dual Currency Account is issued by Citigroup Pty Limited ABN 88 004 325 080 AFSL 238098.
Any advice is general advice only. It was prepared without taking into account your objectives, financial situation, or needs. Before acting on this advice you should consider if it's appropriate for your particular circumstances. You should also obtain and consider the relevant Product Disclosure Statement and terms and conditions before you make a decision about any financial product, and consider if it’s suitable for your objectives, financial situation, or needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing.
Investments are not deposits or other obligations of, guaranteed, or insured by Citibank N.A., Citigroup Inc., or any of their affiliates or subsidiaries, or by any local government or insurance agency, and are subject to investment risk, including the possible loss of the principal amount invested.
Past performance is not an indicator of future performance. Investment products are not available to US people and may not be available in all jurisdictions. All investments are subject to risks and can change in value. The performance of the Dual Currency Account is linked to the performance of the currency market. The return depends on the rate of interest as well as the applicable exchange rate. An investment in the Dual Currency Account is subject to the following risks: the risk that your return may be lower than if you traded directly in the currencies selected; the risk that your investment may be repaid at maturity in an alternative currency to your currency of deposit; the risk that your return may be lower than the applicable interest rate; and the risk you may experience a loss of principal if you are repaid with proceeds in the alternative currency and you choose to convert the proceeds back into your currency of deposit.
Terms and conditions apply and are contained in the Product Disclosure Statement available from a Citibank Branch and this website.