, Hong Kong
Photo by Sonja Langford via Unsplash.

ZA Bank unveils foreign exchange time deposit

Users can access it via the deposit page in the ZA Bank app.

ZA Bank has launched a new foreign exchange time deposit offering with an interest rate of up to 20% per annum (pa).

Users can earn up to CNY28,000 or more than US$2,500 in interest, depending on certain conditions.

The time deposit offering can access it via the app’s deposit page, exchange funds to USD or CNY, and place a time deposit.

For existing users, no new funds or handling charges are required.

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