Strategies to Manage Foreign Currency RiskOur knowledgeable foreign exchange specialists can discuss strategies to manage risk and minimize the impact of exchange-rate fluctuations by using the right FDIC-insured foreign currency account.
Foreign Currency Demand AccountsMaintain a non-interest-bearing foreign currency account to avoid conversions when making and receiving payments.
No minimum balance is required.
Foreign Currency Time DepositsUse foreign currency balances to potentially take advantage of foreign interest rates.
Receive competitive interest rates with terms from one month to one year on minimum opening deposits equivalent to $25,000###DISCLAIMER:2_0 Foreign Currency Interest### .
Strengthen Your Competitive PositionUnion Bank's Foreign Currency Demand Accounts and Foreign Currency Time Deposits can help you achieve your international goals:
- Convenience -- Receive and make payments in most commonly traded foreign currencies to avoid unnecessary conversions.
- Lower costs -- Control conversion costs by maintaining foreign currency balances at Union Bank.
- Competitive advantage -- Negotiate prices in foreign currencies without having to consider the current rate and cost of conversion.