These are financial instruments of deposit that receive interests for a specific term. Funds can not be redeemed before its maturity date.

These deposits area legalized by the issue of a written confirmation that details the terms and conditions of the deposit. Time deposits are not negotiable and have terms of 30, 60, 90, 180 days, one year or more. Interests can be credited during the term of the deposit, this is previously established with the customer. The time deposit can be redeem before its maturity date, but it will be subject to interest penalty.

Benefits

• Security: Support of a solid corporation
• Interests paid based on your needs.
• Confidentiality on transactions
• It can be used as collateral on loans.

For more information:
BICSA Miami Agency - Business Department

Tel. 305.455.3100
E-Mail: Contact here