• What do I do if I need the money prior to the maturity date?
a) Encashment of deposit prior to maturity is at the discretion of the bank.
b) Interest may be forfeited if funds are withdrawn within 3 months of date of deposit.
c) Interest payable at 1% below applicable rate for past period or savings rate whichever is lower + breakage cost as applicable, at the discretion of the Bank
• Will the interest fluctuate with the changes in Foreign Exchange rate?
Once you put your money into an FCY deposit, the interest rate will remain fixed for the term of deposit |
