The Growth Deposit Account is a 12-month deposit which earns interest at a rate that grows every quarter over the year.
The interest earned will grow as follows:
- Stage 1– During the first three months.
- Stage 2– Between the fourth and sixth month.
- Stage 3– Between the seventh and ninth month.
- Stage 4– From the ninth to the last month.
Characteristics:
- Minimum opening balance $100.000.
- Interest payable every 6 or 12 months.
- No fees in the event of early cancellation.
- Issue limited to 10MM.
Advantage of the Product:
You could earn up to 2.9% interest on your deposit.