Investments are tricky business, and especially so because there are numerous options available for customers. Intelligent investments result in high returns and being careless in this regard can cost customers dear. One of the common investment options chosen are time deposit investments.
What are Time Deposit Investments?
Time deposit investments refer to deposits that gain interest rates and are economical and reasonable. But, the only catch is that, customers will have to make sure that their deposit amount is untouched until the time period is over. After the deposit attains maturity which is assuming that it has not been touched for the prefixed duration, then customers also gain an interest amount.
There are various banks within the Philippines that offer time deposit schemes with different maturity tenures. One of the foremost banks within the Philippines that offer time deposit schemes, is Standard Chartered Bank.
There are many advantages and disadvantages to time deposit schemes. One of the biggest draws for customers is that interest amount that they gain at the end of the maturity period along with the fact that these investments are low risk and provide good returns.
There are also cons to this. The biggest one is that these deposits are not liquefiable as they cannot be withdrawn before the maturity period without incurring penalties. In addition to this, the interest amount and return gained is also quite low. Since, interest rates fixed, customers will not be able to take advantage of cash rates, if increased.
Standard Chartered Time Deposit
About Standard Chartered Bank
A British multinational banking company with more than 1200 branches all over the world. Standard Chartered was founded in London in 1969. With operation is corporate, consumer and institutional banking, Standard Chartered is a universal bank. As part of its banking portfolio, Standard Chartered offers credit cards, investments, loans and others.
Time Deposits are also offered as part of their banking portfolio.
Standard Chartered Time Deposit Scheme
Read More Details on Standard Chartered Time Deposit @ https://www.bankbazaar.ph/time-deposit/standard-chartered-time-deposit.html
What are Time Deposit Investments?
Time deposit investments refer to deposits that gain interest rates and are economical and reasonable. But, the only catch is that, customers will have to make sure that their deposit amount is untouched until the time period is over. After the deposit attains maturity which is assuming that it has not been touched for the prefixed duration, then customers also gain an interest amount.
There are various banks within the Philippines that offer time deposit schemes with different maturity tenures. One of the foremost banks within the Philippines that offer time deposit schemes, is Standard Chartered Bank.
There are many advantages and disadvantages to time deposit schemes. One of the biggest draws for customers is that interest amount that they gain at the end of the maturity period along with the fact that these investments are low risk and provide good returns.
There are also cons to this. The biggest one is that these deposits are not liquefiable as they cannot be withdrawn before the maturity period without incurring penalties. In addition to this, the interest amount and return gained is also quite low. Since, interest rates fixed, customers will not be able to take advantage of cash rates, if increased.
Standard Chartered Time Deposit
About Standard Chartered Bank
A British multinational banking company with more than 1200 branches all over the world. Standard Chartered was founded in London in 1969. With operation is corporate, consumer and institutional banking, Standard Chartered is a universal bank. As part of its banking portfolio, Standard Chartered offers credit cards, investments, loans and others.
Time Deposits are also offered as part of their banking portfolio.
Standard Chartered Time Deposit Scheme
- The time deposit schemes at Standard Chartered are tailor made for those looking for economic investments with low risk. There are number of tenures that can be chosen as well as a number of currencies.
- The time period offered ranges between 7 days to a year and time deposit amount can be in Pesos, Euros, US Dollars, etc.
- The minimum amount to be deposited will depend on the currency of the amount being deposited.The rate of interest will also change based on the amount being deposited and the relationship balance with the bank.
- For further information, customers can visit the closest Standard Chartered bank branch.
Read More Details on Standard Chartered Time Deposit @ https://www.bankbazaar.ph/time-deposit/standard-chartered-time-deposit.html