A US Dollar-denominated special time deposit product that earns a higher interest than the regular time deposit account.
MINIMUM PLACEMENT & TERM | $2,000 up to $9.999.99 - 2 years $10,000 - 3 years | |
INTEREST RATE (PER ANNUM) | $2,000 up to $9.999.99 - 0.40% compounded annually for the duration of the term $10,000 - 0.50% compounded annually for the duration of the term Note: Effective on 01 July 2021 - Interest Rate for US Dollar Savings Account, HYUSDTD | |
PRE-TERMINATION RATE / PENALTY | Interest rate shall be pro-rated: • One (1) year and below = prevailing US dollar savings deposit interest rate • More than one (1) year = prevailing dollar time deposit interest rate for 61-90 days placement • Placement may be cancelled without penalty if done within the cooling-off period of two (2) banking days from opening/placement subject to submission of written notice to the Branch. • All placements cancelled during the cooling-off period of two (2) banking days from opening/placement shall not be entitled to interest. | |
DOCUMENTARY STAMP TAX (DST) | None |
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