The Danish Kroner Deposit Account Issue 4 is suitable for those considering transferring their funds to an alternative currency to the Euro. All investments into this account are accepted in Euro and converted to Danish Kroner on the start date. During the term of 2 years and 6 months, investors will earn interest of 2.52% Gross (AER1%).
This product then offers investors three options at maturity:
- Retain the Danish Kroner Account at the prevailing deposit rates or request payment in Danish Kroner
- Convert the Danish Kroner to Euro or another currency of your choice, at the prevailing rate of exchange - the Bank will quote the foreign exchange rates for conversion
- Convert back the Danish Kroner into Euro at the initial conversion rate used on the start date