Top Dollar Time Deposit
An interest-bearing long term US Dollar Time Deposit account with a term of 2, 3, 4, or 5 years. Interest is credited to a settlement account every quarter and is subject to withholding tax for all tenors. A Confirmation of Time Deposit is issued as a proof of deposit.
| Initial Deposit | USD 10,000 |
| Term | 2, 3, 4, 5 years |
| Interest Rate | Click here to view |
| Interest Payment | Quarterly Interest out |
| Maturity Disposition | Single maturity |
| Withholding Tax | 15% of interest earning |
| Currency | USD |
NOTE: In case the time deposit is terminated prior to maturity date, applicable taxes and charges shall be for the client’s account and deducted from the net proceeds of the time deposit.