Tenors: 1, 2, 3, 6, 9 And 12 Months
Standard Fixed-term Deposits
A fixed-term deposit account gives you the opportunity to make your money work for you. Investing in a fixed-term deposit account earns you a higher interest rate than keeping your money in a savings account.
Select the fixed-term deposit account that is more convenient to you. Interest rate is payable at maturity; monthly, quarterly or yearly depending on the term you choose.
You can choose to have more than one fixed-term deposit account to accommodate your financial goals and needs.
A Personal Client Relationship Officer will be assigned to support and assist you to maximise the benefits of your fixed-term deposit account.
Existing clients
- Clients may contact their personal Client Relationship Officer (CRO) and communicate their request using email, mail, fax or via the website
New clients
- Clients have the option of contacting our experienced CRO’s to guide them through the process or
- directly submitting their initial request using email, mail, fax or via the website
What we offer
- Fixed interest rate
- Fixed duration
- Secured income
- No minimum deposit amount required
- No charges apply for opening and maintaining your fixed-term deposit account
Tenor options for a fixed-term deposit account
- Standard tenor (1, 2, 3, 6, 9, 12 months)
- Tenor of your preference (i.e. 125 days, 5 months, etc)
Why choose a fixed-term deposit account
- It secures a fixed return on your investment
- You benefit of higher interest rates compared to placing funds in savings accounts
- It encourages the habit of saving
- Your funds can be easily liquidated in case of cash flow shortfall
- It can be used as a collateral for obtaining credit facility
- Up to £100,000 are secured per person as per the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme*
How to apply
If you are a new client of Wise, in compliance with relevant legislation, you should submit to the Bank the following documents in order to verify your identification details:
For adult accounts:
- Identity Card
- Proof of permanent address (i.e. recent utility bill-not more than 3 months)
- Payslip
For minor accounts (under the age of 18):
- Minor’s Birth Certificate
- Minor’s Identity Card
- Minor’s legal guardian Identity Card
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