When you open an FC Plus Foreign Currency Account with Commercial Bank, you can be assured that you’ve made a smarter choice. This account offers progressively higher interest rates for higher balances, ensuring the best return on your foreign currency investments.

The Essentials

• Save and earn in the currency you want
• Higher return on your investment
• Attractive rates

Good news for Bangladeshis employed overseas, non-resident foreigners, 100% foreign-owned companies, and Type-A EPZ companies in Bangladesh. The FC Plus Account offers progressively higher interest rates for higher balances.

FC Plus is a high yielding foreign currency account which will guarantee a higher yield for your hard earned foreign currency.

Benefits of a FC Plus Account

• You will receive a higher interest rate than other foreign currency accounts—and even higher than overseas deposit rates.
• Interest is calculated on a daily balance and credited monthly, allowing you to earn interest on interest and grow your money faster.
• No need to maintain a passbook; periodic account statements offer added flexibility and convenience.
• Fast, convenient, and 24x7 access to your account worldwide through online banking or the millions of ATMs on the Cirrus or Visa networks.

Interest

1. The interest rate of the FC Plus account is linked to LIBOR (London Inter Bank Offered Rate), the internationally accepted benchmark for foreign currency interest rates.
2. Higher balances earn higher interest rates — exclusively from Commercial Bank of Ceylon PLC.
3. The FC Plus account offers progressively higher interest rates based on your balance, ensuring the best return on your foreign currency investment.
4. With a minimum deposit of USD 5,000 (or equivalent in Euro, Sterling Pounds, or Australian Dollars), higher interest rates apply according to the following balance slabs:
   • USD 5,001 to 25,000
   • USD 25,001 to 50,000
   • USD 25,001 to 50,000
   • USD 100,001 and above

Eligibility

There are two kinds of FC Plus accounts available; Non resident FC Plus and Resident FC Plus.

Resident FC Plus

• If you are a resident Bangladeshi citizen receiving foreign remittances regularly, you can open a Resident FC Plus account in your name.
• This account can also be opened jointly with one or more individuals.

Non Resident FC Plus

• You may open this account with the Bank while you are employed abroad or within 90 days of your return to Bangladesh and Bangladeshi migrants also can invest in NRFC FC Plus accounts.
• Joint accounts can also be opened provided all account holders are residing outside Bangladesh. Whatever the account type you choose, you will also be entitled to an ATM/debit card with global access.