Time Deposit Interest Rate

2021年6月23日
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*Time Deposit Interest Rate Philippine Banks
*Time Deposit Interest Rate Singapore
*Best Time Deposit Rates
*Time Deposit Interest Rate Metrobank
The post office offers several deposit schemes for investors. These investments are commonly known as small savings schemes. These schemes carry the sovereign guarantee of the Indian Government. In this post, I will discuss all about the Post Office Time Deposit Account (POTD).Post Office Time Deposit Account (POTD)
POTD scheme is a popular investment scheme offered by the India Post. The post office term deposit is similar to the fixed deposits (FDs) provided by banks.
In this scheme, you deposit a lump sum of money for a fixed period and earn a guaranteed return on it. The POTD scheme offers four maturities: 1 year, 2 years, 3 years, and 5 years.Post Office Time Deposit Interest Rate
*Greenmarket Time Deposit; Term: 30-360 days: Interest Rate: Upon Maturity: Min. Deposit: USD 1,000: What our Customers Have to Say. Thank you, PNB, for your excellent service and for being my first.
*Time deposit investment rates generally differ from interest range of 1.00% to 5.00%. Time Deposit Tenure Usually time deposit terms vary from 1, 2, 3, 6, 9 or 12 months.
The Ministry of Finance reviews the Post Office Term Deposit Interest Rate at the beginning of every quarter of the financial year. The interest rate is decided based on the yield on government securities.
Below is a list of the best banks to include in your bowl of choices if you ever think of putting your excess money in time deposit. 1 year (12 months) Time Deposit of Php100,000 (as of March 29, 2018) Security Bank Peso Time Deposit; Interest rate: 2.01%; Investment returns: Php1,608; Estimated payout: Php101,608; EastWest Peso Time Deposit.
The following interest rates apply to term deposits from April 1, 2020, to June 30, 2020.Account PeriodApplicable Interest Rate1 Year5.50%2 Years5.50%3 Years5.50%5 Years6.70%
Interest shall be payable annually but calculated quarterly. Note that there is no additional interest payable on the amount of interest that has become due for payment but not withdrawn by you.
The annual interest may be credited to the post office savings account of the account holder at his option.Features & Benefits of Post Office Time Deposit Account
The following are the key features of the POTD scheme.
1. The POTD scheme offers four tenures: 1 year, 2 years, 3 years, and 5 years.
2. This scheme provides guaranteed returns on the investments for the tenure you opt for.
3. The scheme is backed by the government of India. Therefore, investment in the POTD scheme completely protected.
4. This scheme can be opened by cash or cheque. If you deposit a cheque, the date of realization of cheque in government account shall be the date of opening of TD account.
5. The minimum deposit required for opening POTD is Rs.1000 and in multiples of Rs.100. However, there is no maximum limit.
6. Only one deposit can be made in one account.
7. Nomination facility is available. You can nominate a person at the time of opening and also after opening of POTD account.
8. This account can easily transferred from one post office to another.
9. You can open any number of accounts in any post office.
10. A single account can converted into a joint and vice versa as per the need.
11. Minors after attaining the majority have to apply for conversion of the account in their name.
12. You can extend your TD by giving an application in the post office.
13. Online Account Opening facility is available through Intra Operable Netbanking/Mobile Banking.
14. The investment in this scheme is risk-free and you will get complete returns on maturity.Eligibility Criteria for Post Office Term Deposit Account
POTD Account may be opened by
1. A single adult

2. Joint Account with a maximum of three adults.
3. A minor aged 10 years or more.
4. A guardian on behalf of a minor or person of unsound mind.Tax Implications under POTD Account
The investment under 5 years term deposit qualifies for income-tax deduction under Section 80C of the Income Tax Act, 1961. However, there is no tax benefit on the investments with less than 5 years of tenure.Premature Withdrawal of Post Office Term Deposit Account
Withdrawal of funds before the maturity called premature withdrawal. Note that premature withdrawal not allowed before the expiry of 6 months.
If you close your TD between 6 months to 12 months from the date of opening, Post Office Saving Accounts interest rate is payable.
Premature withdrawal after a year earns 1% lower than the interest rate the deposit for that specific tenure earns.Final Thoughts
Post Office Time Deposit Account (POTD) is an alternative to Bank FDs as it offers higher interest rates. Moreover, there is no risk associated with this term deposit and you will get complete returns on maturity.
Post Office Term Deposit Account is a suitable investment option for those individuals who are ultra-conservative. Therefore, if you are a conservative investor then you may choose to invest in these schemes.
Related post: SBI PPF Account – How to open PPF Account in SBI Online
Related post: Top 15 Best Investment Options in IndiaRelatedHome > Deposits > Latest Promotion > Time Deposit Offer
Personal Banking Customers who have taken up Integrated Account Service and place a 3-month or 6-month ’New Fund Preferential Time Deposit’ with ’Eligible New Fund Balance’* of HKD10,000 / USD1,000 / RMB10,000 or above via internet banking or mobile banking, can enjoy preferential annual interest rates as follows:
Wealth Management customers :Currency3-month6-monthApplication Channel HKD 0.20% 0.25%Internet Banking, Mobile BankingUSD 0.10% 0.10%RMB 1.50% 1.55%
Enrich Banking customers : Currency3-month6-monthApplication Channel HKD 0.15% 0.20%Internet Banking, Mobile BankingUSD 0.05% 0.05%RMB 1.45% 1.50%
i-Free Banking customers : Currency3-month6-monthApplication Channel HKD0.10% 0.15%Internet Banking, Mobile BankingUSD0.05% 0.05%RMB1.40% 1.45%
Above preferential time deposit interest rate is quoted based on the time deposit interest rates of published on 6 March 2021 and is for reference only, customer can also contact BOCHK staff for updated preferential time deposit rate.

*“Eligible New Fund Balance” refers to the incremental balance when comparing the latest deposit balance with the balance of the same currency as of last month end, after deduction of the sum of principle amount of the same currency which has been entitled to all new fund offers of time deposit in current month. Time deposit new fund offer is applicable to sole name account only. The balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits of the same currency of Sole name account will be counted towards the calculation of ’Eligible New Fund Balance’. In case of any dispute on the definition of ’Eligible New Fund Balance’, the decision of BOCHK shall be final.
Example:
Latest deposit balance of a currency (A)
$200,000 Blackjack free games no download.
Deposit balance of the same currency as of last month end (B)
$50,000
Incremental balance (A-B)
$150,000
Sum of principal amount of the same currency which has been entitled to new fund offer of time deposit in current month ( C )
$30,000
Eligible new fund balance (A-B-C)
$120,000
Personal Banking Customers who have taken up Integrated Account Service and place a 1-month, 3-month, 6-month or 12-month Exisitng Fund Preferential Time Deposit of HKD10,000 / USD1,000 / RMB10,000 or above via internet banking or mobile banking, can enjoy preferential annual interest rates as follows: What does it mean to bankroll someone.
Wealth Management customers :Time Deposit Interest Rate Philippine BanksCurrency1-month3-month6-month 12-month Application Channel HKDup to 0.05%up to 0.15%up to 0.20%up to 0.35%Internet Banking, Mobile BankingUSDup to 0.01%up to 0.05%up to 0.05%up to 0.10%RMBup to 1.00%up to 1.40%up to 1.50%up to 1.55%
Enrich Banking customers : Currency1-month3-month6-month 12-month Application Channel HKDup to 0.05%up to 0.10%up to 0.15%up to 0.30%Internet Banking, Mobile BankingUSDup to 0.01%up to 0.05%up to 0.05%up to 0.10%RMBup to 0.95%up to 1.35%up to 1.45%up to 1.50%
i-Free Banking customers : Currency1-month3-month6-month 12-month Application Channel HKDup to 0.05%up to 0.05%up to 0.10%up to 0.25%Internet Banking, Mobile BankingUSDup to 0.01%up to 0.05%up to 0.05%up to 0.10%RMBup to 0.90%up to 1.30%up to 1.40%up to 1.45%
Above preferential time deposit interest rate is quoted based on the time deposit interest rates of published on 6 March 2021 and is for reference only, customer can also contact BOCHK staff for updated preferential time deposit rate.
Personal Banking Customers who have taken up Integrated Account Service place a time deposit of original currency 1,000 (AUD, NZD, GBP, CAD) / original currency 10,000 (RMB) or above by conversion of funds enjoying the preferential annual interest rates as follows:Deposit TenorPreferential Interest Rate (p.a.)Application ChannelAUDNZDGBPCADRMBUSD 7-day7.80%7.80%8.80%8.80%6.80%5.00% Internet Banking, Mobile Banking1-month2.00%2.00%2.00%2.30%3.50%1.00%
Set up Preferential RMB & FX time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Preferential RMB and FX Time Deposit)
(Both FX exchange and deposit placement should be conducted at the same time)
Time Deposit Interest Rate Singapore
Personal Banking Customers who have taken up Integrated Account Service place a time deposit of original currency $1,000 or above by conversion of funds enjoying the preferential annual interest rates as follows:Number of actual deposit daysCorresponding deposit period Preferential Interest Rate (p.a.)Application ChannelAUDNZDCADGBP1 day - less than 7 day1-day 0.01%0.01%0.01%0.01%Internet Banking, Mobile Banking7 days - less than 1 month7-day 0.02%0.02%0.02%0.02%1 month - less than 3 months 1-month 0.05%0.05%0.03%0.03%Until the maturity 3-month 0.20%0.20%0.10%0.10%
Set up FX time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Foreign Currencies Flexi Time Deposit)
Best Time Deposit Rates
Personal Banking Customers who have taken up Integrated Account Service placing a 7-day or 1-month Preferential HKD Time Deposit Offerwith conversion of AUD, NZD, GBP or CAD funds, enjoying the preferential annual interest rates as follows:Deposit TenorPreferential Interest Rate (p.a.)Application ChannelHKD7-day4.00%Branch, Internet, Mobile, Manned Phone Banking Services1-month 1.00%
Set up Preferential HKD time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Preferential HKD Time Deposit)
(Both HKD exchange and deposit placement should be conducted at the same time)
Terms of the promotion offers:
*The above offers are only applicable to personal banking customers of Bank of China (Hong Kong) Limited (’BOCHK’) who have taken up Wealth Management, Enrich Banking or i-Free Banking service (“Integrated Account Service“).
*Time deposits should be set-up on banking business days of Hong Kong. Deposits may not be uplifted before maturity. For a call deposit, maturity refers to the expiry of your notice of the agreed period to BOCHK. BOCHK may permit an early uplift subject to payment of BOCHK losses, expenses and charges (in the amounts determined by BOCHK). No interest will be payable on the deposit if an early uplift is permitted. Interest on a deposit is only payable at maturity. A deposit, which would otherwise mature on a non-business day (like Saturday, Sunday or public holiday), matures on next business day.
*Manned Phone Banking Services are only applicable to selected customers with designated transaction account. For details, please contact our branch staff.
*The above products, services and offers are subject to the relevant terms. For details, please refer to the relevant promotion materials or contact the staff of BOCHK.
*The preferential time deposit interest rate in this promotion material is quoted based on the interest rates of Hong Kong Dollars, RMB and Foreign Currencies time deposits published on 6 March 2021 by BOCHK and is for reference only. The preferential interest rate is a one-off privilege for each time deposit and the subsequent renewal rates of time deposits will be subject to the quotes by BOCHK from time to time.
*BOCHK reserves the right to amend, suspend or terminate the above products, services and offers, and to amend the relevant terms at any time at its sole discretion without prior notice.
*Offer is limited and available while quota lasts.
*In case of any dispute, the decision of BOCHK shall be final.
*Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.
Time Deposit Interest Rate Metrobank

Risk Disclosure:
*RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies.
*RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
*Foreign currency investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of foreign currency may result in losses in the event that customer converts the foreign currency into Hong Kong dollar or other foreign currencies.
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