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Dual Currency deposit
Higher returns with FX exposure
Discover the features
Starting at €100,000
Invest from €100,000 or the equivalent in US dollars.
From 1 week to 3 months
Choose the term you prefer:
- 1 or 2 weeks
- 1, 2 or 3 months
Interest and principal at maturity
On the investment maturity date, you receive:
- The interest based on the pre-agreed interest rate.
- The final investment amount in the base or alternate currency, depending on the exchange rate movement and the terms of the product you have chosen.
Variable currency clause
At the start of the investment, you choose the base currency you prefer, euro or US dollars.
At the same time, you sell an option to Alpha Bank which gives it the right to buy, at investment maturity, the initial principal plus interest:
- In the alternate currency, meaning US dollars or euro respectively.
- At the agreed-upon strike price.
Therefore, if the exchange rate moves unfavourably, your investment may be converted into the alternate currency, and you may end up with a loss if you ultimately decide to convert the amount to the original currency.
Multiple strike levels
To satisfy a wider range of investment profile and needs, we offer different variants with different strike prices, such as:
- Spot at investment start
- Spot at investment start + 100, 200 or 300 pips
- Spot at investment start - 100, 200 or 300 pips
- The exchange rate at the investment start +200 pips if you opt for a term of 2 weeks or more.
Structured investment product
The Dual Currency deposit is a structured investment product that includes 2 currencies. It is a short-term investment that combines a deposit with an option (derivative), where the underlying value is the exchange rate of the 2 currencies.
Exchange risk and return
It offers a higher interest rate than simple term deposits, but exposes the investor to currency risk and does not protect the investment principal.
It is addressed to investors willing to take on the currency exchange risk and receive the amount in any of the 2 currencies at maturity.
How to get the Dual Currency deposit
Make sure to...
- Hold an account with Alpha Bank.
- Book an appointment at an Alpha Bank branch.
- Have the necessary supporting documents depending on whether you want to start banking with us or to update your details.
Come to the appointment
We determine your risk profile and inform you about your investment choices.
You open a joint or individual investment account, if you don’t already hold one.
We fill in the application for the investment product together.
Learn more about your investment choices in euro
Learn more about your investment choices in US dollars
Explore other options
Any questions?
Find the answers you need on the Dual Currency structured investment product.