Also known as a fixed deposit, this type of investment of a fixed sum for a specified period, allows businesses to earn interest. Some of the key features and benefits of this account are as below:
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.