Baiduri Bank recently announced the launch of a 36-month certificate of deposit on April 1.
Customers will earn three per cent per annum from the Brunei dollar denominated capital-guaranteed certificate of deposit, with principal and accrued interest paid upon maturity in April 2027. The certificate of deposit is suitable for customers who anticipate a drop in interest rates in the financial markets over the coming years.
Deputy Chief Executive Officer (Consumer Banking) Manuel Bulens said, “We understand the importance of growing your wealth steadily and securely. Whether they’re planning for retirement or simply looking to build a nest egg, customers can lock in their savings at a higher rate than normal savings and fixed deposits.”
Customers can deposit a minimum of BND10,000 and maximum of BND500,000 with fresh funds only. The offer will end on April 20 or upon full subscription.
