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An extremely attractive product among the Bank's clients, the FlexCDsm features many of the same characteristics of the FixedCDsm, plus unique flexibility. With five days' notice, depositors can make four withdrawals per year of up to 25 per cent of the principal. Deposits of at least $2,500 may be added at any time during the term of the CD.
| DETAILS |
| Account |
FlexCDsm (fixed-rate term deposit), 3- 60 months. |
| Currency |
Most international currencies. |
| Withdrawals |
Up to 25 per cent of principal with 5 banking days' notice, with a maximum of 4 withdrawals per calendar year. Interest may be withdrawn at any time. |
| Additional Deposits |
Allowed (minimum amount required). |
| Key Benefits |
Attractive CD rates with added level of flexibility.
If rate goes up, eligible balances receive the higher rate.
If rate goes down, the original rate established at commencement will remain in effect until maturity.
Interest compounded daily.
Automatic rollover.
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