Products and Services: Term Deposit Account

We currently offer three types of deposits:

- Term deposit account
- Term deposit 'Rentier' with interest payable monthly
- Savings deposit account where you may add money to deposit account

• Term deposit account is an account opened for a specified period of time. You may choose any deposit period from 3 months up to 36 months, and the Bank will pay you the best interest rate possible. Rates are fixed and will not be changed after deposit account is opened, so you will know how much you will earn upon maturity date. Interest is given on an annual basis and calculated as a simple interest for the period. The deposit amount and interest earned will be paid on your current account the day following the maturity date.

Note: If the deposit is terminated by the client before maturity date, the interest will not be paid and initial deposit amount returned to the client within a week after termination.

3 months 6 months 12 months 24 months 36 month Term Deposit (US Dollars)           1,000.00 2 3.5 4.5 5.25 N/A 100,000.00 2.5 4 5.5 6.25 N/A 1,000,000.00 3 4.5 6 6.5 N/A Term Deposit (Euro)           1,000.00 0.75 1.25 1.75 N/A N/A 100,000.00 1.25 1.75 2.25 N/A N/A 1,000,000.00 1.5 2 2.5 N/A N/A

You may apply for a loan at Barrington Bank using funds on deposit accounts as collateral.

To obtain the full picture of all deposit rates please click here.