Use your time wisely!
Invest a fixed amount for a fixed period of time and get guaranteed higher returns compared to regular savings accounts. The term of time deposits varies between 6 months to 5 years, so you decide the duration of the investment period and when you want access to your funds. Invest with the future in mind.
Benefits
- Attractive Interest Rates
- Fixed Interest Rate until Maturity
- Higher return compared to a regular savings account
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Why choose a Time Deposit?
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General Conditions
The amount on hold is set aside for a fixed period of time while it earns you interest. The interest rate is determined by length of term, interest payment and amount deposited. Time Deposit clients receive more attractive interest rates compared to our regular savings accounts.
- Interest payment is possible at maturity, on a yearly, quarterly or monthly basis
- To create a Time Deposit customers must have an Orco Bank Current Account or a Savings Account. This is the account on which we will make the interest deposit at maturity.
- Duration of terms is 6 months to 5 years
- Minimum deposit: ANG 1,000.00