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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are only payable where the term deposit is withdrawn prior to maturity.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
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Product
Name
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KunduCard
Access
|
Statement
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Minimum
Balance
|
Credit
Interest
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Fees
|
|
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No
|
No
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K500
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