Fixed Term Deposits have several important advantages over most investment opportunities: low risk, security and guaranteed interest. That’s because everything is fixed in advance: the amount you invest, the length of time it’s invested and the rate of interest that’s applied. Nothing’s left to chance.
Features and Benefits
We offer Certificates of Deposit denominated in Cayman and US dollars at competitive interest rates and tenor. The minimum amount required for initial investments is CI$5,000/US$5,000. Deposit terms range from three months to a year. We encourage fixed deposit to meet emergencies, planning for your retirement, purchasing a vehicle or a home. Interest is calculated daily and paid at maturity.
- Higher rates of interest – by investing your money for a set period you earn more interest than if you maintained all your savings in a regular deposit account.
- Safe and secure – on the day you place your deposit you will know exactly how much it will be worth when the fixed period ends.
Find out how long it will take you to reach your target goal.