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iFAST Global Bank: Fixed Term Deposit reviews

Name: Fixed Term Deposit
Rating: 4.88 (165 reviews)

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4.87

Based on 165 reviews, last reviewed 29th Jun 2025

99% decrease in 5 star reviews

in the past 90 days

No new 1 star reviews

in the past 90 days

89%

10%

2 star

1 star

Latest highest rating:

5

smooth & awesome returns with ease, smooth & awesome returns with ease, Reviewed on: 29th June 2025

Latest lowest rating:

N/A

This product has not received a review of either 1 or 2 stars.

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About this product

Are you planning for a stable financial future? Choosing the right fixed-term savings option is crucial. Explore iFAST Global Bank's fixed-term deposit account reviews to understand if it aligns with your financial goals.

iFAST Global Bank offers a fixed-term deposit account, allowing you to grow your savings securely with competitive interest rates. Ensure you're familiar with the terms and conditions before committing. For uncertainties, consult directly with the bank or seek independent financial advice.

Interested in iFAST's fixed-term deposits? Discover insights through customer reviews on Smart Money People. Learn why customers iFAST for their savings, their satisfaction levels, and the support received during their investment term. All this information is available in our reviews.

If you've invested in an iFAST fixed-term deposit, sharing your experience can guide potential savers. Discuss your chosen product, satisfaction levels, and if iFAST met your expectations compared to other banks. Highlight how the bank communicates important updates and whether you'd recommend iFAST to others.

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iFAST Global Bank Fixed Term Deposit reviews (165)

Unreasonable Transfer Limits and Delays

Unreasonable Transfer Limits and Delays iFAST Global Bank has frustrating transfer limits. The daily limit starts at just £5,000, and even if you have £50,000 deposited, the maximum daily transfer is only £25,000. This is the first major issue. While higher transfer limits can be requested, the approval process is a nightmare. When I applied for a large transfer, I was asked to submit a pile of documents. I understand that compliance and anti-money laundering checks are necessary, but as a customer, I trusted iFAST enough to deposit a significant amount of money. When I needed to withdraw, instead of trusting their customer and sending the money first—while handling the checks later—they delayed my transfer for two full days for review before finally processing it. At the time, I urgently needed to deposit funds into IBKR to short NVIDIA. Because they didn't process my transfer immediately, the delay caused my funds to arrive late, and I missed my opportunity to profit. This experience was extremely frustrating. Reviewed on: 2nd February 2025

Get reply promptly.

Get reply promptly. Get assistance from same language staff. Reviewed on: 2nd February 2025

Impressive self service

I experienced very efficient gathering of FTD interest rate information, immediately placing my best shot of FTD online, set and go, full information was subsequently emailed to me without any problem. Reviewed on: 2nd February 2025

High interest rates, highly recommended

The high interest rate on US dollar deposits is worth recommending Reviewed on: 1st February 2025

GREAT GLOBAL BANK

THE APPS ARE USER FRIENDLY AND ALL TRANSECTION IS CLEARLY SHOWN. Reviewed on: 1st February 2025

I love it, fast, simple, reliable

I love it, fast, simple, reliable Reviewed on: 1st February 2025

The Unique Bank in the UK

iFast Bank's fixed term deposit offers a unique combination of multi-currency options which is not commonly provided by other major banks, interest rates which are notably high compared to other bank accounts, easy online setup and helpful maturity reminders. These features make it an excellent choice for individuals seeking to optimize their savings strategy while enjoying the flexibility and security that such an investment provides. Whether you're looking to save in your home currency or explore foreign currencies, this product is designed to meet diverse financial needs effectively. Reviewed on: 1st February 2025

very attractive interest rate

very attractive interest rate and good response, customer service, easy to use web based interface Reviewed on: 1st February 2025

Fast and convenient, inform the customer at the firs...

Fast and convenient, inform the customer at the first time. Reviewed on: 31st January 2025

Best deal.

Smooth transaction. Good value. Peace of mind. I have a son who is studying in UK and I need to park some pounds for his school fees. IFAST Global Bank offers the most fuss free banking experiences and competitive rates, especially for foreigners like me. Reviewed on: 31st January 2025

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