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A term deposit is a fixed interest and fixed term account that pays a higher rate of interest than a 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.
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are only payable where the term deposit is withdrawn prior to maturity. |
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Funds can be used to help obtain a BSP Personal
loan. |
>>>
Download Term Deposit brochure (PDF)
Summary of BSP Personal Banking Term Deposits
Product Name |
Interest Rate |
Statement |
Minimum Balance |
Credit Interest |
Fees |
| Term Deposit |
|
No |
K1,000 |
|
|
| 1 month |
|
|
|
|
|
| 3 months |
|
|
|
|
|
| 6 months |
2.50% pa |
|
|
|
|
| 12 months |
|
|
|
|
|
| 24 months |
7.00% pa |
|
|
|
|
| 36 months |
8.00% pa |
|
|
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|
Product Name |
Interest Rate |
Statement |
Minimum Balance |
Credit Interest |
Fees |
| |
|
No |
K5000 - K99,999 |
|
|
| 6 < 11 months |
3.00% pa |
|
|
|
|
| 12 < 24 months |
5.50% pa |
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Effective: 12th July 2010
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