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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

  • Competitive Interest rates.
  • Minimum Deposit requirement $5,000.
  • Available in 3, 6 & 12 month terms.
  • Interest paid upon maturity

FIXED DEPOSIT

USD

Enjoy high interest rates without having to convert your funds. 

 

 

US$2,000.00

  • Competitive Interest rates.
  • Minimum Deposit requirement US$2,000.
  • Available in 6 & 12 month terms.
  • Interest paid upon maturity

FLEX CD

Offers the stability of a guaranteed fixed term investment while maintaining flexibility with deposit and withdrawal privileges.  

 

$5,000.00

  • Competitive Interest rates.
  • Minimum Deposit requirement $5,000.
  • Available in 3, 6 & 12 month terms.
  • Unlimited deposit privileges.
  • *Eligible for penalty free withdrawals up to 25% of account balance.
  • Interest paid upon maturity

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.