Time deposit accounts (TDA)
You do the planning, TEB Time Deposit will generate the returns
If you are holding significant amounts of excess capital, perhaps destined for a future investment, then why not put it to work against fixed rates of interest?
TEB’s interest-earning Time Deposit Account is a perfect solution to your future capital requirements.
The account can be opened in Euros, US dollars, GB pounds and Swiss francs and offers fixed maturities that generate fixed, risk-free returns, for periods ranging from 1 month up to 5 years.
Depending on your needs, accumulated interest can be credited to your current account. If you decide to reinvest the funds at maturity, the following automatic options are available to you:
- Roll-over of the capital and interest accrued
- Roll-over of the capital only while the interest is transferred to the current account
If you would like to know more about a TEB savings account, we invite you to visit one of our branches and discuss your needs with a portfolio officer.