Certificates of Deposits

Also known as a fixed deposit, this type of investment of a fixed sum for a specified period, yields the highest interest compared to a deposit account. 

Features

• 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
• Certificate received upon opening
• Deposits can be used as collateral
• Option to roll over principal only or principal plus interest earned

Benefits

• Ideal for investment of funds for a specified long term purpose
• Earn competitive interest by keeping your funds secured for a specified term
• Easy record keeping
• Security for acquiring credit facilities
• Earn greater return over time