Non-Drawing Time Savings Deposits, Interest Withdrawal on Principal Deposited

Non-Drawing Time Savings Deposits:

The depositor sets the deposit period with the Bank at the time of opening the account, and deposits the principal.  The interest will be calculated monthly by compound interest rate.  At the end of the period, the depositor withdraws the principal and interest together.

Interest Withdrawal on Principal Deposited:

Ordinary type: The depositor sets the deposit period with the Bank at the time of opening the account, and deposits the principal.  The interest will be paid monthly on simple interest rate.  The depositor withdraws the principal at the end of the period.

 

Special type: The deposit period is between two and three years.  The interest will be calculated monthly by compound interest rate, and paid at the end of each deposit year.  If the depositor does not withdraw the interest, the interest will not be credited to the principal.