Term Deposits

A Term Deposit is a secure investment that guarantees to preserve your principal and your investment earns interest at a fixed rate.

Features & Benefits:

• Security and safety—both your original investment and interest payments are guaranteed
• Competitive interest rates—guaranteed for the full term of the investment
• Flexible investment terms—ranging from 90 days to 13 months
• Automated renewals along with annual statements and maturity notices so that you can keep track of your investments
• Can be used as security for acquiring credit facilities
• Option to roll over principal only or principal plus interest earned

Additional Information:

• Interest is forfeited if deposit is broken before contracted maturity date

Is a Term Deposit Account the ideal account for you?
Yes if:
You are pursuing a medium to long term fixed savings instrument with terms varying from 90 days to 1 year.