Common use of PLATINUM SAVINGS ACCOUNT Clause in Contracts

PLATINUM SAVINGS ACCOUNT. The Terms and Conditions to apply for and maintain a PLATINUM SAVINGS ACCOUNT are the following: - This account can only be opened by PRIVATE BANKING clients - Complete the Savings Account form - Only US dollars accounts apply - The minimum balance to maintain the PLATINUM SAVINGS ACCOUNT is of US$ 50,000.00 (Fifty Thousand US Dollars). In case the Client’s balance goes below the minimum amount of the PLATINUM SAVINGS ACCOUNT, the interest will be adjusted to the rate that is paid in the AHORRA MAS ACCOUNT - Maintain a time Deposit with the Bank for a minimum amount of US$ 500,000.00 (Five Hundred Thousand United States Dollars), or an investment portfolio for a minimum of US$ 1,000,000.00 (One Million United States Dollars). In case the Client is not able to maintain the minimum amount required for the time Deposit or the investment portfolio, it will be required for the client to change to another product that a just to his condition - One PLATINUM SAVINGS ACCOUNT may be opened per Client owner of the Funds. - The PLATINUM SAVINGS ACCOUNT’s interest rates will be paid in ranges and will be established in the Bank’s fee schedule. Should the CLIENT not comply with any of the conditions indicated in this document, the CLIENT authorizes GLOBAL BANK to cancel the PLATINUM SAVINGS ACCOUNT and open an AHORRA MÁS ACCOUNT, with the available balance in the PLATINUM SAVINGS ACCOUNT.