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Golden USD time deposits with interest paid in advance
- Tenor: 6 & 12 months.
- Minimum opening balance : 5000 $ and incremental of 1000 $.
- Customer eligibility : Individuals and corporates.
- Interest posting : In the same day of issuing the time deposit.
- Currency :USD only.
- The drawdown : Must be the current account of the customer with same currency.
- Opening fees : as per tariff.
- Administration fees : as per tariff.
- Redemption :Eligible after one month.
- Bank system :The treasury sector provides daily LIBOR prices (or any other approved Benchmark) with updating prices..
- Partial redemption : N/A .
- Facilities :N/A.
| Tranche | Interest rate (6 Months) | Interest rate (12 Months) |
|---|---|---|
| 5k:50k | 0.40% | 0.50% |
| 50k:100K | 0.65% | 0.75% |
| 100k:500k | 0.90% | 1% |
| 500k: Above | 3 month libor + 0.90% | 3 month libor + 1% |
Interest will be calculated based on the actual days (before redemption) on the rack rate for time deposit and will deduct the remaining period.