Time Deposit Accounts. 2.4.1. Time Deposit Account is a type of account in which an amount of principal not less than the threshold designated and published by the Bank is accreted for a predetermined term by the Bank over an interest rate to be calculated over the rate applied by the Bank. In case of a request of withdrawal from a time deposit account before the end of its maturity and such demand is found acceptable by the Bank, without prejudice to the liabilities and obligations imposed by the applicable laws and regulations, the Bank shall be authorized to decide whether or not to continue to apply and accrue any interest on the moneys withdrawn from and/or left in the account, and if accrued, to apply and accrue over the rate of interest applied on demand deposit accounts or other interest rates deemed fit by the Bank, and to determine and apply different interest rates according to time of withdrawal and/or amount withdrawn from the account. The Bank reserves the right not to open time deposit accounts for amounts less than the threshold published by the Bank.
Time Deposit Accounts. 2.4.1. Time Deposit Account is a type of account in which an amount of principal not less than the threshold designated and published by the Bank is accreted for a predetermined term by the Bank over an interest rate to be calculated over the rate applied by the Bank. In case of a request of withdrawal from a time deposit account before the end of its maturity, without prejudice to the liabilities and obligations imposed by the applicable laws and regulations, the Bank shall be authorized to decide whether or not to continue to apply and accrue any interest on the moneys withdrawn from and/or left in the account, and if accrued, to apply and accrue over the rate of interest applied on demand deposit accounts or other interest rates deemed fit by the Bank, and to determine and apply different interest rates according to time of withdrawal and/or amount withdrawn from the account. The Bank reserves the right not to open time deposit accounts for amounts less than the threshold published by the Bank.
Time Deposit Accounts. 2.4.1. Time Deposit Account is a type of account in which an amount of principal not less than the threshold designated and published by the Bank is accreted for a predetermined term by the Bank over an interest rate to be calculated over the rate applied by the Bank. In case of a request of withdrawal from a time deposit account before the end of its maturity, without prejudice to the liabilities and obligations imposed by the applicable laws and regulations, the Bank shall be authorized to decide whether or not to continue to apply and accrue any interest on the moneys withdrawn from and/or left in the account, and if accrued, to apply and accrue over the rate of interest applied on demand deposit accounts or other interest rates deemed fit by the Bank, and to determine and apply different
Time Deposit Accounts. 2.4.1. Time Deposit Account is a kind of account on which interest is accrued at an amount calculated at the interest rate applied by the Bank on a principal not less than the amount announced by the Bank for a term defined below. If money is drawn from Time Deposit Accounts before due date, the Bank is authorized to accrue or not to accrue interest on such money drawn from and/ or left on the account, to apply interest applied for Demand (Sight) Deposit Accounts or any other interest rate considered appropriate, to determine different interest rates based on the time of drawing from the account and/or amount drawn. The Bank is entitled not to open a Time Deposit Account for amounts below the amount announced.
Time Deposit Accounts. 2.4.1. Time Deposit Account is a type of account in which an amount of principal not less than the threshold designated and published by the Bank is accreted for a predetermined term by the Bank over an interest rate to be calculated over the rate applied by the Bank. In case of a request of withdrawal