Accounts
Fixed Deposit Account
Our term deposits allow you to gain maximum returns for your funds, with flexible periods anywhere from 6 months to 36 months, so that you can save for future investments wisely.
Choice of Currency
Available in 2 currencies of your choice: USD.
Maximum Return
Enjoy high interest rates.
No Withdrawal or Replenishments
Partial withdrawals are not allowed, and new deposits require a new account.
Rollover Interest
Choose to roll over just principal or both principal and interest for another term, to efficiently accumulate your funds.
Fixed Deposit
Conditions
Conditions
| USD | |||
|---|---|---|---|
| Initial Balance | 500 | ||
| Interest Rate | Refer to interest rate table | ||
| Interest Payment | Monthly, at maturity or at closure | ||
| Rollover | Principal only | ||
| Principal and interest | |||
| Close on maturity | |||
| Withdrawals | Not allowed | ||
| Replenishment | New account for new deposits | ||
Note: All terms and conditions are subject to change to ICD Bank, sole discretion in changing without prior notice.
Fixed Deposit
How to Apply
How to Apply
Visit us in person, and one of our staff will gladly walk you through the account opening procedures.
Fixed Deposit
Requirements
Requirements
- ID or Passport
- Certificate of Incorporation
- Local Business Registration
- Certificate of change of name (if applicable)
- Memorandum of Association
- Patent with Tax Identification Number (TIN)
- List of Board of Director & Board of Management (e.g. CEO/ President, etc.) (if applicable more than 1 shareholder)
- List of the shareholder & Ownership Structure of Company (if applicable more than 1 shareholder)
- Board of Director’s Resolution (if applicable more than 1 shareholder)
- Beneficial owner is a corporate entity (if applicable more than 1 shareholder)
- Declaration on Source of Fund