For a limited time period, an exclusive high interest Fixed Deposit product tailored for our esteemed VIP customers is available to all our customers at an extremely attractive rate.
Looking for an investment plan that is secure and offers high returns? Look no further! Fixed deposits are a safe way to protect and grow your wealth.USD Fixed Deposit Accountwith Panda Bank offers customers the opportunity to lock in a lump-sum deposit at a special interest rate for a pre-determined period of time.
The interest earned for the full period of the deposit will be paid upon maturity. For example, if you place $10,000 for 5 years at a rate of 10% p.a., the interest of $5000 will be paid to you at the end of the 5 years, together with the principal sum.
·No partial withdrawal of the Fixed Deposit is allowed, unless specified otherwise.
·Fixed Deposit interest payable is subject to a withholding tax at the prevailing rate set by the Ministry of Economy and Finance, currently 6% for residents and 14% for non-residents
·There is a minimum deposit of 1,000 USD
Loan against Fixed Deposit placement :
|Term of placement|
The Fixed deposits placed can be used as a cash collateral for a loan in the event of an emergency. The loan limit is 90% of the Fixed Deposit amount placed. With interest on the loan computed daily, it can be repaid anytime at one’s convenience.