BSP term deposits provide an alternative form of investment
for those funds for which you do not have immediate use.
This investment facility is for a fixed term, ranging from 1 month
to 2 years, and offers a fixed rate of interest. The interest rate
payable will be subject to the term and amount. Interest is
payable six monthly or at maturity.
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Features
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- Minimum opening balance is $2,500
- Transaction record is by certificate (must be kept)
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Benefits
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- Long term savings
- Can be used as security for a loan
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