PhillipBank helps you keep and grow your money. Why keep your money under the pillow when you can place it with our safe and secure accounts and on top of that, provide the benefit of compounded interest earnings over time. With the Fixed Deposit Account, we ensure your peace of mind that your money is working hard for you!
Features and Benefits:
• High interest rates
• Flexible deposit period
• Automatic renewal is optional
• Interest rates are negotiable for large amounts
Prerequisites to open Fixed Deposit Account:
• Individuals (residents/non-residents) aged 18 and above
• Valid Identity Card/Passport
• Either one of Rental Agreement / Working Permit / Confirmation of Identity issued by local authority (for foreigner)
| Period | Interest * |
|---|---|
| 1 Month | 2.25% |
| 2 Months | 2.50% |
| 3 Months | 2.75% |
| 4 Months | 3.00% |
| 5 Months | 3.25% |
| 6 Months | 3.50% |
| 7 Months | 3.75% |
| 8 Months | 4.00% |
| 9 Months | 4.25% |
| 10 Months | 4.50% |
| 11 Months | 4.75% |
| 12 Months | 5.00% |
Interest Payment: Maturity
Minimum Deposit: USD 500
Note: *Interest Rate Per Annum
| Period | Interest * |
|---|---|
| 15 Months | 5.00% |
| 18 Months | 5.00% |
| 21 Months | 5.00% |
| 24 Months | 5.00% |
| 27 Months | 5.00% |
| 30 Months | 5.00% |
| 33 Months | 5.00% |
| 36 Months | 5.00% |
Interest Payment: Monthly
Minimum Deposit: USD 20,000
Note: *Interest Rate Per Annum
T&C apply
Please note that the above interest rates are subject to changes at the Bank’s discretion.