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: BSD, 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 (Bahamas) / Business & Corporate - Schedule of Fees & Service Charges (Turks & Caicos) for fee details.