Time Deposits / Certificates of Deposit

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 Time deposits can be withdrawn or closed before its maturity date, subject to interest penalty.

These instruments are also available with a flotating rate, for more details about this product, please contact your Account Executive.

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