Term Deposits play an important role in many people's lives, especially those with zero tolerance for placing unnecessary risks on hard earned money.
BSP's term deposit offers you that guaranteed protection on the cash you invest and promises fixed interest rates.
BSP's competitive interest rate of 3% per annum for 24 to 60 months is ideal for that serious saver looking for guaranteed returns. Customers can also 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.
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.