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US Dollar Time Deposit


A specific amount of funds in dollar which earns interest at a pre-determined competitive rate for a fixed period of time/term with a “Certificate of Time Deposit” (CTD) as proof of deposit.

BASIC FEATURES

MINIMUM PLACEMENT $1,000
MINIMUM TERM 30 days
INTERST RATE (PER ANNUM) Based on LANDBANK's posted rates, terms and amount
PRE-TERMINATION RATE / PENALTY Revert to prevailing regular savings rate
DOCUMENTARY STAMP TAX (DST) None

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