Renminbi and Foreign Currency Term Deposit
Our Renminbi and Foreign Currency Term Deposit is ideal for clients with large sums of idle funds who are looking to achieve higher returns. This deposit option allows clients to invest a lump sum in either home or foreign currency and withdraw the deposited funds along with the accrued interest on the date of maturity.
Features
- High Returns: Benefit from higher interest rates compared to standard savings accounts, ensuring your funds grow effectively over the term.
- Flexible Currency Options: Choose to deposit in Renminbi or a variety of foreign currencies, including USD, Euro, GBP, and more, depending on your financial strategy.
- Fixed Term Periods: Select from various fixed term periods to match your financial goals, ranging from short-term to long-term deposits.
- Guaranteed Returns: Enjoy peace of mind with guaranteed returns upon maturity, ensuring you know exactly how much you will earn.
Eligibility
This deposit option is suitable for individual clients, businesses, and institutional investors who have a significant amount of idle funds and are seeking higher interest returns.
How to Apply
- Visit a Branch: Go to any Galaxy Investment Bank branch with valid identification and complete the Term Deposit Application Form.
- Online Banking: Existing customers can apply for a term deposit through our secure online banking platform for added convenience.
Important Information
- Minimum Deposit: The minimum deposit amount varies depending on the chosen currency and term period. Please consult with our bank representatives for specific details.
- Early Withdrawal: Early withdrawal of funds before the maturity date may result in reduced interest earnings and possible penalties. Ensure you plan your finances accordingly.
- Interest Calculation: Interest is calculated based on the deposit amount and the agreed interest rate for the chosen term period. Interest is credited at the end of the term.
At Galaxy Investment Bank, we are committed to providing you with reliable and profitable savings options. Our Renminbi and Foreign Currency Term Deposit is designed to help you make the most of your idle funds with the security and confidence you expect from a leading financial institution.