Three Years Accumulative Certificate of Deposit
This is a product is tailor made for our customers who think ahead, who want to invest their money strategically for the future.
Certificates of Deposits with Accumulative interest
- An accumulative certificate of deposit with a 10 year tenor
- Enjoy an annual interest rate of 7%, to be added cumulatively to your balance at the end of your 10 year tenor.
- Have the option for your accumulated CD to be issued in name of minors by guardianship of legally nominated person.
- Enjoy the priority of having to choose your own unit from HDB mortgage projects, in case of holding your certificate of deposit amount of 50% of the apartment value.
- Enjoy the option to either borrow or issue a credit card up to 90% of your certificate’s amount.
- Have the option to liquidate your certificate after 6 months from issuing date.
- Minimum Balance is 1,000
| Interest Rate | Interest Frequency |
|---|---|
| 11% | Semi-Annually |
| 10.75% | Quarterly |
| 10.50% | Monthly |
| After Redemption Discount | Redemption Year |
|---|---|
| 4.75% | Year 1 |
| 4% | Year 2 |
| 3.75% | Year 3 |