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Time Deposit Accounts
Characteristics of a Time Deposit Account are:
- Time Deposit Accounts are available in all major currencies, mainly: LBP, USD, GBP, and EURO.
- It can be a joint account.
- It can be opened by individuals or Companies/Institutions.
- It can be opened by residents or non-residents.
- It can be opened for minors by their legal guardians.
- Free online and mobile banking.
- No passbook is provided for withdrawing or depositing funds into the account. Instead, the Time Deposit Account holder shall be given a voucher specifying the transaction.
- Attractive interest rates are offered, along with the flexibility to choose the maturity date best suited to your needs. The account shall yield interest pursuant to the rate agreed upon. Accrued interest will be added to the capital at maturity date.
- Time Deposit Accounts are automatically renewable and are available in one, three, six, twelve month periods, or more, depending on your requirements.
*Final conditions are set in executable agreements and documents.
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