Personal Banking
Certificates of Deposit
A Certificate of Deposit offers competitive returns on your money. They are a great choice if you plan to save for specific goals or start investing money towards retirement. Our options include Fixed Deposits and Flex CD’s offering attractive rates and terms ranging from 3 to 12 months. Our CDs are available in ECD and USD currencies and they are ideal for long and short term investments.
ACCOUNT |
DESCRIPTION |
MINIMUM DEPOSIT |
FEATURES & BENEFITS |
---|---|---|---|
FIXED DEPOSIT |
Opens the door to peak financial performance with higher rates of interest and a wide range of terms.
|
$5,000.00 |
|
FIXED DEPOSIT USD |
Enjoy high interest rates without having to convert your funds.
|
US$2,000.00 |
|
FLEX CD |
Offers the stability of a guaranteed fixed term investment while maintaining flexibility with deposit and withdrawal privileges.
|
$5,000.00 |
|
Terms and Conditions:
- No withdrawal or deposits are allowed on fixed deposit accounts other than at maturity date.
- *Penalty free withdrawals are limited to 1, 2 & 3 withdrawals for the duration of the 3, 6 & 12 month Flex CD.
- There is a penalty forfeiture of 2 months interest on the Flex CD if the withdrawal amount exceeds 25% of the current balance.
- A ten day notice is required for large withdrawals.
- If the minimum balance falls below $5,000, the interest will be converted to the prevailing savings rate.
- Interest is forfeited for early redemption within 3 months of opening date, and calculated at the prevailing Regular Savings rate for early redemption after 3 months of opening date.
- Quoted interest rates applicable only to the initial CD term; the bank’s prevailing interest rate is applied upon renewal.