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Corporate Time Deposit Account

Product Name

Corporate Time Deposit Account

Introduction

Corporate time deposit refers to the deposit made by corporate customers with the  temporarily idle funds, and the deposit term shall be specified in the contract between the corporate customer and Bank of China. When the deposit is withdrawn upon maturity, the interest shall be calculated in accordance with the interest rate agreed on the deposit date. Bank of China Johannesburg Branch accepts corporate time deposit in currencies such as ZAR, USD, CNY.

Features

1. Higher interest rate than saving deposit

2. Several deposit terms for customers to choose: 7 days to 36 months.

3. Full withdrawal in advance is available for customers as needed.

Target Customers

Corporate Customers

Procedure

Corporate customers shall submit the written application for opening a time deposit account, with a certain amount of money deposited in it.

Required Documents

For customers who have opened the current accounts at Bank of China Johannesburg Branch, no extra documents are required.

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