Regular Certificate of Deposit
If you are looking for high yields and do not require access to your funds for at least three months, an NBD Certificate of Deposit is an excellent way to invest your funds.
Key Benefits and Features
- Requires a minimum of $5000 to open an account.
- A selection of maturity terms to meet your business goals.
- Choose when you want your interest paid- monthly, quarterly, annually or at maturity.
- Reminders sent one month prior to maturity.
- Offers automatic rollovers.
- There is a $50 penalty for early encashment.
National Savings
An excellent investment for companies with surplus cash seeking high yield and can commit funds for a very long period of time.
Key Benefits & Features
- The term is fixed at 10 years.
- A minimum of $50,000 is required to open an account.
- Our premium interest rate is at 6% per annum and can be paid monthly, quarterly, annually or at maturity.
- Penalty fee of $50 (not sure) is charged for early encashment.
- An excellent collateral for loans, overdrafts and mortgages.
Certificate Of Deposits(also called Fixed Deposit)
NBD business chequing account is the perfect way to manage the day-to-day operations of your business. You have complete control over your company funds - write cheques, make deposits, transfer funds, make account inquiries and pay bills online, over the phone or by visiting one of our conveniently located branches.
