Product Name

Personal Time Deposits

Product Description

A Statement Time Deposit pays a higher rate of interest than a current account in exchange for you agreeing to place your funds in savings for a preset period of time. The terms for our time deposits range from 1 month to 12 months. Interest rates vary with the length of the term of the TD. Automatic renewal for Statement TD at maturity is available.

There is a minimum required to open a Statement TD. There is no monthly maintenance fee for this account. Current interest rate may apply for early withdrawals.

Target Customer

BOC Luxembourg branch customers for personal use.

Procedure

After establishing the relation with our bank, the personal Statement Time Deposit can be applied at any time.

Please contact us for specific information relating to the requirements to establish a Statement TD.