The FINANCIAL Group’s banks have products on offer for optimising the management of your surplus funds.

Fixed-term deposit

The fixed-term deposit (FTD) is a flexible investment: the length of term and the interest rate are negotiable, in accordance with market conditions. Minimum deposits and minimum lengths of term are determined by the banks.

If you need money before the investment matures, you have the option of obtaining an advance or seeking to have the funds repaid.

The FTD is covered by a contract between the parties. Interest is paid upon maturity.

FTDs must be accompanied by a current account.

Time deposit

Just like FTDs, time deposits (transferable or non-transferable) are a flexible investment: the length of term and the rate are negotiable, in accordance with market conditions. Minimum deposits and minimum lengths of term are determined by the banks.

A time deposit is a security issued by the bank in exchange for a deposit whose repayment and investment conditions are determined upon subscription. Interest is paid when the subscription is made.

To find out more, please contact any bank in the FINANCIAL Group.