Time Deposits / Certificates of Investment |
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These are financial instruments of deposit that receive interests for a specific term. Funds cannot be redeemed before its maturity date.
These deposits are documented with 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, if this is previously established with the customer.
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 - Personal Banking Department
Tel. 305.455.3100
E-Mail: Contact here
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