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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:
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Highly
competitive interest rates. |
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Negotiable
interest rates for amounts over K100,000. |
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Terms
vary from one day up to a maximum period of two years, depending on
the amount invested. |
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The
interest rate is fixed to maturity. |
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The
deposit amount is fixed to maturity. |
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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. |
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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are only payable where the term deposit is withdrawn prior to maturity.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 |
K1,000 |
|
|
 |
