Fixed Term Deposits
At HBTC you can enjoy the benefits of attractive interest rates on fixed-term deposits. The minimum of US$10,000 is required to open an account.. Interest rates are determined based on the time period the deposit is held with us and the amount of the deposit (you can always negotiate with one of our representatives) and all interest payments are free of tax. Contact us to learn about our rates
Terms and conditions of Certificate of Deposits:
- Available in terms of 90, 180 and 360 days
- Interests are paid monthly, quarterly, semi-annually ,annually or at maturity
- Deposits are renewed automatically unless otherwise instructed
- At maturity, interest could be rolled over on principal to be held for another period
- Interest is calculated on a daily basis
- Interest rate is fixed until maturity
- Accounts are in US dollars
- You can always negotiate a rate with one of our representatives
Requirements to open personal and corporate accounts
- All documents should be in the English language,
- Complete a personal/corporate bank application form including the signature card form,
- Complete a source of fund declaration form,
- Two bank references,
- Two professional references,
- A copy of the customer’s passport; the pages showing the photograph and signature. Affirmation by a notary public is required if not photocopied by the bank and
- A copy of a recent utility bill (except mobile phone) to show proof of address.
Additional documents required for companies
- A copy of the incorporation document,
- A copy of the memorandum and article of association,
- Resolution of the appointment of directors,
- Bank mandate and resolution of the board of directors regarding the account,
- Register of directors, members and beneficial owners of the company and
- Copy of share certificates
