BSP offers higher returns on Term Deposit

Date: 28 February 2014

BSP, Fiji's leading bank has officially implemented a new interest rate for its Fixed Term Deposits to offer higher returns for customers.

The new rate of 3% per annum for 24 to 60 months is one of the highest offers by a commercial bank today.

"In a subdued market for Term Deposits, we are delighted to offer rates and terms that can suit the goals of any serious saver," said BSP Country Manager, Mr Kevin McCarthy.

Designed to suit all types of savers, BSP's Term Deposits enables customers to earn interest from 0.75%p.a to 3.00%p.a by simply depositing $1,000 or more for a minimum term of 1month or up to 5years. The rate of return on deposits increases with the term taken.

"Fiji's bank customers are well informed and quick to take up a good offer. We are offering great rates that will allow them to grow their wealth," said Mr McCarthy.

Term Deposit customers with BSP are able to receive interest payouts before maturity date at intervals of 6 or 12 months. In addition, they are able to easily transfer this interest income to an alternative savings account, such as EasySaver, where they can earn bonus interest over and above normal interest earned when saving with BSP.

To open a term deposit, interested individuals, families, businesses or a mataqali or Yavusa can simply visit a local BSP branch or call 132 888 for help. Normal Terms & Conditions apply and customers are advised to speak to BSP personnel when making decisions.

_________________________________________________________________________________________________________

 

For more information, please contact:

 

Salome Waqailiti

Communications Officer | Marketing Department

Bank of South Pacific Limited

Level 10, Suva Central Building, Suva | Private Mail Bag, SUVA, FIJI

T: +679 3234342 | M: +679 7024525 | F: +679 3214949 | E: swaqailiti@bsp.com.fj | W: www.bsp.com.fj