The Savings Account:
To provide for the unexpected, and to make secure savings. The Savings Account allows you to achieve these aims at your convenience with an attractive rate of interest.
You have instant access to your savings, since you can make daily withdrawals. You can also pay in cash, deposit cheques or receive transfers as often as you wish and according to your means.
Each year, interest earned on your savings will be credited to the account.
This account is available only in conjunction with a current account.
Term Deposits:
Term deposits (TD) are a flexible means of investment: their duration and interest rate are negotiable, according to market conditions. The minimum amount and duration is set by the banks.
If you need money before the maturity of the deposit, you have the option of requesting an advance, or of requesting repayment of the funds.
The Term Deposit is entered into by contract between the two parties. Interest is paid at maturity.
Term Deposits are available only in conjunction with a current account.
Deposit receipts:
Like the Term Deposit, the Deposit Receipt is a flexible investment: the duration and interest rate is negotiable, according to market conditions. The minimum amount and duration is set by the banks.
Deposit Receipts are securities issued by the bank as a receipt for a deposit, and interest rates and investment conditions are fixed at the time of issue. Interest is paid at the time of issue.
To find out more, please contact any FINANCIAL Group bank
