Fixed Term Deposits Sample Clauses

Fixed Term Deposits. You understand that we must renew fixed term deposits with financial institutions in various countries which you designate several days prior to maturity, in order to assure continuity of interest (“rollover”). Therefore, you agree that in the event that we have rolled over such deposits at or prior to maturity and we have not received repayment of the original deposit by settlement date for the rollover, we may charge your account for the amount which is due at settlement date.

Fixed Term Deposits a) Fixed-term deposits constituted by the Client with the Bank in any currency whatsoever shall not be transferable, unless otherwise expressly stated in writing. b) The terms and conditions of deposits (principal, term, interest rate, renewals, etc.) shall be described in the document or voucher issued by the Bank, in compliance with the Client’s request. c) No deposit may be withdrawn in whole or in part before the maturity of the term agreed. d) Upon maturity, the principal and corresponding interests of the deposit shall be made available to the Client. e) The Bank shall not be bound to send maturity notices.

Fixed Term Deposits. (Time deposits) 11.1 Time deposit accounts are available in British Pound Sterling (GBP), US Dollars (USD), Euros (EUR) and Chinese Yuan (RMB). 11.2 You can choose from 1 month, 3 months, 6 months and 12 months fixed deposit terms. 11.3 We can provide statements monthly, quarterly, or half-yearly. 11.4 You can choose to automatically continue or renew the deposit for any term or automatically transfer the deposit into your Flexible Account upon maturity. 11.5 Customers can withdraw money from their Time Deposit Account before maturity, however, please be aware that all interest will be lost and we will charge you a £25 (British Pound Sterling) processing fee. 11.6 This product is available to customers who wish to deposit at least £1000 (British Pound Sterling) (or deposit currency equivalent) unless otherwise stated. 11.7 Customers must be aged 16 years or over. 11.8 For more information about the interest rates we offer including the Gross rates or AER rates, please contact one of our staff or visit our website ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/▇▇▇▇▇▇▇▇/▇▇▇▇▇/▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. 11.9 To apply for a Fixed Term Deposit Account, please apply at one of our branches. You can also find more details on our website. Full terms and conditions apply and are available on request. 11.10 You must hold a Flexible Account with us before you can apply for a Fixed Term Deposit account. 11.11 You may transfer money from your Flexible Account into your Time Deposit Account at one of our branches or via Internet Banking.

Fixed Term Deposits. Notwithstanding any provisions to the contrary in the Basic Agreement and the GCMS Plus Terms and Conditions (as may be amended and/or supplemented from time to time), in the event of any inconsistency between the provisions of the Basic Agreement, the GCMS Plus Terms and Conditions or these Local Rules and the other provisions of the Vietnam Branch’s General Terms and Conditions Applicable to Fixed Term Deposits, the latter shall prevail (except that Clause 6 (Authorized signatories) and Clause 8 (Communications)) of the Vietnam Branch’s General Terms and Conditions Applicable to Fixed Term Deposits shall not be applied to the extent that the relevant documents are delivered by the Customer and/or the Vietnam Branch via the System).

Fixed Term Deposits. 16.1 If any monies have been placed on deposit in the Account for a fixed term, then the Bank may, unless it has received Instructions from the Client to the contrary at least two (2) Business Days before the maturity date of the term deposit, at its sole and absolute discretion, extend the term deposit for a further term: (a) not exceeding the original term of the term deposit then expiring; (b) expiring on the maturity date of any other fixed term deposit(s) in the Account and, upon the expiry of that further term, consolidate the deposit with any or all other deposits in the Account in the same currency maturing on that date; (c) expiring on the settlement date of any transaction effected by the Bank pursuant to this Agreement; or (d) expiring on the due date of any sum advanced by the Bank to the Client or of any other obligation owing by the Client to the Bank. 16.2 Interest may accrue on monies placed with the Bank on term deposit for the period commencing on whichever is the later of the opening date and the value date referred to in the advice of term deposit issued by the Bank in respect of the relevant term deposit or, in the absence 16.3 Monies placed with the Bank on term deposit shall be repayable, in the absence of any express agreement in writing by the Bank to the contrary, to the Client only, and only on the maturity date referred to in the relevant advice of term deposit together with accrued interest (if any) up to that date. The Client may not withdraw any such monies (whether in whole or in part) before such maturity date. 16.4 If any date for payment, whether of monies placed with the Bank on time/term deposit or interest (if any) in respect thereof, falls on a day other than a Business Day, the date for such payment shall be postponed to the next succeeding Business Day, except in the event the next succeeding Business Day falls in the next calendar month, then the date for such payment shall be advanced to the immediately preceding Business Day and the sum payable shall be adjusted accordingly. 16.5 In the event that the Client requests for the with­ drawal of monies placed with the Bank on term deposit before the maturity date, the Bank may, in its discretion and on such terms as it thinks fit, allow or permit such with- drawal subject to the Client paying a penalty/fee for such withdrawal as the Bank may deem fit and the Bank be enti- tled to withhold any interest accrued on the term deposit.

Fixed Term Deposits.  Certificate of Deposit Where JN Bank accepts from the Member sums of deposit for a fixed period, JN Bank may issue to the Member a certificate evidencing that the deposit or a deposit advice with details of the deposit. If a certificate of deposit is issued, JN Bank may require that the certificate be produced to JN Bank before accepting any instruction regarding such deposit including any instruction as to the return of any funds so deposited.  Premature Closure Fixed/Term Deposit accounts may be closed prior to their maturity dates only at the discretion of JN Bank. In the event of such premature closure, interest may be paid at the rate applicable on the date of the deposit for the period for which the deposit has remained with JN Bank, less a charge for premature closure and the adjustment rate for replacing the deposit at the rate of interest obtaining at the date of the premature closure.  Renewal If on the maturity date no written instructions have been received by JN Bank as to what should be done with the proceeds of the deposit, those proceeds (Principal plus Interest, less charges and tax) will be reinvested at such interest rate and for such period as JN Bank in its sole discretion shall determine to be applicable.  Advice Upon maturity of each deposit, JN Bank will issue an advice in respect of the deposit, which will specify the amount deposited and the interest paid less all charges and applicable tax.

Fixed Term Deposits. About Fixed Term Deposits 5.1 The Fixed Term Deposit is an online fixed-rate and fixed-term deposit. In order to open a Fixed Term Deposit, you must already be a Customer. Funds placed in an Easisave Fixed Term Deposit, FIMBank Fixed Term Deposit or FIMBank Corporate Fixed Term Deposit must be sourced from an activated Easisave Savings Account, a FIMBank Current Account or a FIMBank Corporate Account respectively. 5.2 The minimum amount required to open is:  either EUR 1000 or USD 1000 for a EUR/USD Easisave Fixed Term Deposit respectively;  either EUR 25000 or USD 25000 for a EUR/USD FIMBank Fixed Term Deposit respectively; and  either EUR 100000 or USD 100000 for a EUR/USD FIMBank Corporate Fixed Term Deposit respectively. For other currencies please contact the FIMBank Helpdesk. 5.3 There is no maximum amount of funds you may place in your Fixed Term Deposit as long as funds are available in the respective source Easisave Savings Account, FIMBank Current Account or FIMBank Corporate Account. Opening a Fixed Term Deposit 5.4 You may open a Fixed Term Deposit through your Online Account. You will need to specify the currency, the term (duration), the source Account from which you will transfer funds into your new Fixed Term Deposit, the amount which you want to place in your Fixed Term Deposit, as well the interest payment frequency (quarterly, annually or on maturity as may be applicable). 5.5 Once you have confirmed and successfully submitted the details of the term deposit, your Fixed Term Deposit will be opened immediately and the same amount placed in the term deposit will be automatically deducted from the Account which you have selected to transfer the funds from. 5.6 Once you have opened a Fixed Term Deposit, you may not retrieve the principal amount prior to maturity of the term deposit. 5.7 Start date of a Fixed Term Deposit opened on a non-Business-Day will be set to the immediate next Business Day. 5.8 Maturity date of a Fixed Term Deposit falling on a non-Business-Day will be set to the immediate next Business Day. 5.9 There is no limit as to how many Fixed Term Deposits you may hold. Payments into your Fixed Term Deposit 5.10 Payment made into a Fixed Term Deposit can only be sourced from the Account which you have selected whilst opening the Fixed Term Deposit. 5.11 Payment made into a Fixed Term Deposit is processed immediately with a value date on the current/next Business Day as part of the opening of the term deposit. Payments out of...

Fixed Term Deposits. A Fixed Term Deposit Account is an Account where you place a lump sum with us for a fixed period of time, at an agreed rate of interest. At the end of the fixed period notice (maturity), you receive the amount you have invested plus interest. When a Fixed Term Deposit Account reaches maturity, we will contact you, and all funds are either transferred to your Current Account and the fixed term Account is closed or reinvested. We shall follow your instructions. In the absence of clear instructions from you we shall transfer the funds back into your Current Account with us. For further details of the rate of interest paid please visit our interest rate page on our website: ▇▇▇.▇▇▇.▇▇▇/▇▇▇▇▇▇ We offer both conventional and Murabaha Fixed Term Deposits. There are separate terms and conditions for the Murabaha Fixed Term Deposits, and you will be provided with a copy of them upon opening an Account and a separate Profit Rate table provided.

Fixed Term Deposits. 16.1. If any monies have been placed on deposit in the Account for a fixed term, then the Bank may, unless it has received Instructions from the Client to the contrary at least two (2) Business Days before the maturity date of the deposit, at its sole discretion, extend the deposit for a further term: a) not exceeding the original term of the deposit then expiring; b) expiring on the maturity date of any other fixed term deposit(s) in the Account and, upon the expiry of that further term, consolidate the deposit with any or all other deposits in the Account in the same currency maturing on that date; c) expiring on the settlement date of any transaction effected by the Bank pursuant to this Agreement; or d) expiring on the due date of any sum advanced by the Bank to the Client or of any other obligation owing by the Client to the Bank.