What are the key benefits of the Capital Bank Precious Metals Savings Account?
Customers who want to save or invest in gold without the hassle and risk of storing or moving physical metal.
Easy and convenient
Buy or sell virtual metals
No holding of physical assets required
- Since all metals are held virtually, you will not be subject to the inherent hassles and risks of storing and moving physical metals.
- Monthly fixed payment for gold starting USD 100, or an equivalent in any foreign currency.
- Gold savings accounts will offer you the right to request to purchase and sell gold at specific times
Who is the Capital Bank Precious Metals Savings Account best for?
Customers who want to save in gold starting from USD 100 a month, without the hassle of storing or transporting physical metal.
Product documents
Do I own physical gold when I open the account?
No. No physical gold is delivered to or stored by the customer. Instead, the value of the gold is held virtually in the account.
How is the gold purchased?
Capital Bank uses the available balance in the intermediary account to purchase gold at the prevailing market price. The purchased gold is then credited to your XAU account.
When is the gold purchased?
The gold is purchased based on the balance available in the intermediary account at the end of the 14th day of each month. The purchase is executed on the 15th of the month or on the next business day, at the Bank’s discretion.
Can I transfer additional amounts outside of my monthly standing order?
Yes. You can transfer additional amounts to the intermediary account during the month from your accounts held with Capital Bank.
Can I make cash deposits or withdrawals from my XAU account?
No. Cash deposits, cash withdrawals, and direct financial transactions are not permitted from the XAU account.
Are there any account management fees?
No. There are no account management fees.
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