Savings Deposit
Remuneration negotiated according to the amount and terms chosen
By opening a savings account, the client can decide to use it as a guarantee to obtain consumer credit, provide guarantees and sureties, as well as advance payments.
Characteristics
Target Market
Corporate clients, residents and non-residents.
Minimum Initial Deposit
Minimum amount 50,000 CVE or equivalent in foreign currency of 50,000 CVE.
Interest Calculation
Payment of interest on the due date, by crediting the current account.
Interest Calculation
The calculation of interest begins on the date when the deposit is made, inclusive, and ends on the day before the deadline, inclusive.
Deadlines
National Currency
30 days; 60 days; 91 days; 181 days; 366 days; 732 days* or 1,095 days*.
Foreign Currency*
91 days; 181 days; 366 days.
*Note:
Negotiated rate according to amount, currency and maturity.
The initial deposit date corresponds to the opening date. Financial settlement (debiting the customer's Current Account) also takes place on the opening date. The date on which the deposit is due corresponds to the end of the period for which it was made.