Time deposit

Whether you are looking for a short-term investment or a long-term one, you will find what you need with SAIB time deposits:

  • Time deposits are available to individuals and corporate customers
  • Automatic renewal is optional upon customer’s request
  • Interest is earned at maturity
  • Deposits durations range from one week, two weeks, a month, 3 months, 6 months, 1 year
  • Overdraft facility reaches up to 90% of the deposit

Short-Term Fixed Time Deposit:

TenorInterest TypeInterest Rate (P.A.)
1 weekFixed5%
2 weekFixed5.25%
1 monthFixed8%
3 monthsFixed8.25%
6 monthsFixed8.5%
1 Year Fixed10.5%

Long-Term Fixed Time Deposit:

TenorInterest Payment FrequencyInterest Rate (P.A.)
1 year (interest paid monthly)Monthly10%
3 Years Monthly11.50%
3 Years Quarterly12%

 

All Terms and Conditions shall apply.