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  Term Deposits

 

PRESS RELEASE
Fiji Acquisition
14/12/06

BSP Launches Business Internet Banking 31/08/06

NEW Electronic Banking Terms & Conditions 01/09/06

 



A term deposit is a fixed interest and fixed term account that pays a higher rate of interest than a cheque or savings account. A BSP term deposit is ideal where you are in a position to invest your funds for a period of time to gain a better rate of return. Term deposits can be a particularly useful cashflow management tool for business and help to maximise the return on funds.

Features of BSP Term Deposits include:

- Highly competitive interest rates.
- Negotiable interest rates for amounts over K100,000.
- Terms vary from one day up to a maximum period of two years, depending on the amount invested.
- The interest rate is fixed to maturity.
- The deposit amount is fixed to maturity.
- Interest earned on your deposit is paid at maturity to a nominated account or can be added to the principal amount if deposit is renewed.
- Fees are only payable where the term deposit is withdrawn prior to maturity.

>>> Download Term Deposit Brochure (PDF)

Summary of BSP Business Banking Term Deposits

Product Name
Statement
Minimum Balance
Credit Interest
Fees
No
K500

 


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