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.