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Fixed & Term Deposits

A term deposit account is an investment product designed for the customer who wants a higher rate of interest than is available on a regular saving account. In the term         deposit the amount invested (principal), and the time (period) are fixed.

Account Features
  • Minimum deposit of BBD$1,000.00
  • Minimum term of one year 
  • Interest payments will be made periodically
  • Early redemption penalty of 2% less interest rate than the agreed rate at the time the deposit was opened
  • Automatic renewal on maturity, at prevailing rate, unless notified prior to maturity date

 

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