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.
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 |
Click here for the complete list of deposit accounts and their basic features and fees.