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A fixed deposit is a high interest bearing account for one, two, three, six, nine, twelve, or twenty four months duration. The interest will be paid at maturity date to the depositor (other durations are subject to negotiation). |
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- The minimun deposit for opening Fixed Deposit Account is US$1,000 or the
equivalent amount of other currencies.
- The bank will issue a Deposit Certificate stating the amount; depositor's
name; interest rate and period of deposit.
- The interest will be paid on maturity date to the depositors.
- In case of closing the deposit prior to maturity date, the bank reserves
the right to change the interest into a savings account interest rate. In
case the fixed deposit is withdrawn within 2 weeks of deposit time, no
interest payment will be due to the depositor.
- Upon maturity of the Fixed Deposit and without prior automatic renewal
instructions the deposit amount plus interest will be either credited to
the original customer account (current or savings) or can be withdrawn in
cash by presenting the Fixed Deposit certificate.
- In case of a lost or stolen Deposit Certificate the depositor has to inform the bank immediately in person by presenting his/her ID card or passport. A new Deposit Certificate is issued within one week with a handling fee of US$10.
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* Note: The bank will only service the authorized bearer of the Deposit
Certificate.
* In pursuance of a circular issued by the Ministry of Finance in January 2004, a 6% withholding tax on the interest earned will be deducted for resident tax payers.
* For non-resident fixed deposits the Government withholding tax calculated is 14% of interest earned.
* The above information is subjected to change without any prior notice.
| Currencies / Month(s) |
1 Month |
2 Months |
3 Months |
6 Months |
9 Months |
12 Months |
24 Months |
| US Dollar |
3.00% |
3.25% |
4.00% |
4.75% |
5.25% |
6.00% |
6.50% |
| Riel |
N/A |
N/A |
5.00% |
6.00% |
N/A |
7.00% |
8.00% |
| Baht |
3.00% |
N/A |
4.00% |
4.50% |
N/A |
5.50% |
6.50% |
| Gold |
NA |
NA |
3.00% |
4.00% |
NA |
5.00% |
5.50% |
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