- Personal Banking
- Business Banking
A deposit account for customers who wish to earn higher interest rates and who do not need to access their funds for a set period of time.
Term Deposits is a competitive low risk investment that is ideally for growing any surplus cash you have.
You can earn more with a fixed rate of return if you lock it away for a fixed term of your choice.
Features & Benefits
| FEATURES | BENEFITS |
| A wide range of terms available from 1 month to 60 months (5 years). | You can choose the terms that best suits you. |
| A choice of interest payment frequency of 6 monthly, yearly or on maturity (depending on the term of the deposit). | You can choose to have your interest paid to you as per options mentioned. |
| Automatic Rollover option | To ensure that your funds are always working hard for you. |
| No Bank Fees | Earn interest on the full balance. |
| Guaranteed interest rate for the term chosen. | You will know exactly what you will earn on your investment. |
Eligibility
Available to personal customers only.
Minimum Deposit
Minimum opening deposit amount is $1,000.00
Maximum Deposit
The maximum deposit is $100,000.00
Interest Rates
Refer to Term Deposit Rates
Early Withdrawal Fee
Refer to Banking Services Fees. A penalty interest rate will also be applicable and will be advised to you by the branch on the day the early withdrawal is made.
You can talk to our Treasury staff on rates for Term Deposits over $100,000. Simply call 132 888 or visit them at Level 3, Dominion House, Suva.
Tax
Tax is payable on interest earned over $120 per annum unless a Certificate of Exemption is produced from Inland Revenue & Customs Authority. Your Tax Identification Number (TIN) must be provided when you open an account.
