Certificate of Deposit

Also known as a fixed deposit, this type of investment of a fixed sum for a specified period, allows businesses to earn interest. CDs are available in the following currencies: KYD, USD and CAD. Some of the key features and benefits of this account are:

Features & Benefits

• Earn competitive interest by keeping your funds secured for a specified term
• No monthly fees
• Certificate received upon opening
• Deposits can be used as collateral
• Initial investment of 1000 units of the respective currency of the account
• Minimum investment period of 30 days
• Interest is calculated on tiered balances for the specific term
• Option to roll over principal only or principal plus interest earned

Fees

Please refer to our Business & Corporate - Schedule of Fees & Service Charges for fee details.