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- NTD Deposits
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- Precious Metal Products ServicesPrices of Precious Metal ProductsIntroduction
Time Deposits
- The Bank issues Certificate of Deposit to the depositor as a proof to demand for the principal and interest at maturity.
Deposits with maturity period longer than one month can require monthly payment of interest. - Maturity period ranges from one month to three years.
- Interest is calculated based on the interest rate announced by the Bank.
- At the time of deposit, the customer can choose either “random” or “fixed” interest rate.
- If the depositor needs the money back before maturity, he/she could collateralize the Certificate of Deposit with the Bank to borrow up to 90% of the face value of the Certificate, or terminate the deposit contract before maturity.
- The depositor can arrange with the Bank for automatic interest transfer or automatic renewal of the Certificate. At the time of maturity, the depositor may choose either come to the Bank personally or mail to the Bank to renew the Certificate.