Term deposits

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Current account for children

Aged b/w 0 to 11

Having his or her own bank account is a good first step for your child to learn to how to manage his or her money. The children’s account lets you decide what your child can and can’t do with the account. This way, you can gradually increase your child’s freedom to make his or her own financial decisions, while you keep an eye on the account to make sure everything is in order.

Current account for children

Aged b/w 12 to 17

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Do you want a higher return on your savings?

Then choose a term deposit at VCBBank.

The maturity and interest rate depend entirely on the amount you wish to invest and your requirements. Storing money for a longer period in the form of a term deposit pays a higher interest rate than an ordinary savings account.

At the VCB, we guarantee you an attractive interest rate for term deposits in SRD or USD!

You can also apply for a Term Deposit for your company. You can invest extra business assets for a longer period at a higher interest rate.

You can open a term deposit with us from SRD 25,000 or USD 25,000. The interest rate depends on the term, and you may indicate when you wish to receive the interest. That is how easy it is with us!

Would you like to know more? For more information, please visit one of our offices.


SRD INTEREST TABLE

DURATION SRD
Interest rates
per year
1 year 9.50%
2 year 10.50%
3 years 11.50%
Minimum deposit SRD 25,000


USD INTEREST TABLE

DURATION INTEREST PER YEAR
1 year 1.25 %
2 years 1.75 %
3 years 2.50 %
Minimum Deposit USD 25.000  

If you wish to receive your interest monthly, this is also possible.

Note that this is possible with a minimum term of 2 years. With monthly interest payments, 1% interest will be deducted.