Time Deposits / Certificates of Deposit |
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Time Deposits
Local / Foreing |
| Term | Less Than a $100M | Over a $100M |
| 30 days | 0.50% | 0.50% |
| 60 days | 0.75% | 0.75% |
| 90 days | 1.00% | 1.00% |
| 120 days | 1.00% | 1.00% |
| 180 days | 1.50% | 1.50% |
| 1 year | 2.40% | 2.40% |
| 2 years | 2.75% | 2.75% |
| 3 years | 3.40% | 3.40% |
| 4 years | 3.70% | 3.70% |
| 5 years | 3.90% | 3.90% |
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Floting Rate Time Deposits
Local / Foreing |
| Term | Basic Rate | Minimun Rate |
| 2 years | Libor 3 mo + 0.125% | 3.25% |
| 3 years | Libor 3 mo + 0.25% | 3.75% |
| 4 years | Libor 3 mo + 0.50% | 3.75% |
| 5 years | Libor 3 mo + 0.50% | 3.75% |
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At call: 0.50%
Money Market: 0.25%
Overnight: 0.0625%These rates will remaing valid until further notice. |
These are financial instruments of deposit that earn a specific interest rate based on term of the instrument.
These deposits are documented with a written confirmation that describe the details of the investment, including the terms and conditions of the deposit. Time deposits are not negotiable and have terms ranging from 30 days to three years. Interest is paid or credited to an account as previously agreed with the customer. Time deposits can
be withdrawn or closed
before its maturity date, subject to interest penalty. The minimum investment is $50.000.00.
Benefits
- Support of a solid corporation.
- Interest paid based on your needs.
- Confidentiality on transactions.
- Can be used as collateral for loans.
For more information:
BICSA Miami Agency - Business Department
Tel. 305.455.3100
E-Mail: Contact here
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