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- Monthly Interest Bearing Time Deposit
Monthly Interest Bearing Time Deposit
Features
- A simple, safe and convenient way to make your money grow, providing you with the benefits of attractive interest rates, security, convenience and flexibility.
- Earn interest on a monthly basis with the security of a fixed deposit account.
- Option of keeping the Time Deposit for a maximum period of 2 years, which will be renewed automatically every year.
- A minimum deposit balance of BDT500,000 (Taka five lacs) to open the account
Benefits
- Monthly interest earned can be transferred to another nominated account
- Better rates than normal savings account
- Higher rate than 1- month time deposit account's rate
- Free ATM Card for new accounts
FAQs
- Is it possible to open a Monthly Interest Bearing Time Deposit Account with an amount which is less than BDT500,000?
No it is not possible as the minimum deposit balance is BDT500,000 (Taka five lacs) for opening the account. - What will happen if the account is prematurely encashed?
The interest earned will be forfeited if the account is prematurely encashed and Savings Accounts interest rate will be applied. - What will happen if the account is closed before the completion of one month?
The interest earned will be forfeited if the account is closed before the completion of one month. - How do I open a Monthly Interest Bearing Time Deposit Account?
You can visit one of our branches in Dhaka or Chittagong to open the account or call our Call Centre for their assistance.
Need to know more?
- Call now on 01199 88HSBC (4722)
