Accounts
High Growth Account
Account holder can enjoy a lump sum of savings for a better secure future, with higher interest rates for a fixed 24-month term.
Single Currency
Available in USD only.
Maximum Return
Enjoy highest interest rates with a minimum term of 24 months.
No Withdrawal or Replenishments
Partial withdrawals 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.
High Growth
Conditions
Conditions
| USD | |
|---|---|
| Minimum Initial Deposit | 5,000 |
| Maximum Balance | 5,000,000 |
| Interest Rate | Refer to interest rate table |
| Interest Payments | Monthly, at maturity or at closure |
| Rollover | Principal only |
| Principal and interest | |
| Close on maturity | |
| Withdrawal | Not allowed for partial withdrawal |
| Replenishments | New account for new deposits |
Note: All terms and conditions are subject to change to ICD Bank. Sole discretion in changing without prior notice.
High Growth
Interest Rates
Interest Rates
| Term | Interest at Maturity | |
|---|---|---|
| 24 months | 5.50% |
High Growth
How to Apply
How to Apply
Visit us in person, and one of our staff will gladly walk you through the account opening procedures.
High Growth
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