About Time Deposit
Time deposits, also known as term deposit or certificate of deposit is a money deposit scheme in which a certain amount of money is held by the banking institution for a fixed duration of time chosen by you. At the end of the term, you receive the principal amount plus interest charges computed at a fixed rate. Time deposit is one of the most recommended savings instrument by experts. Unlike other market linked investment options based on risk, Term deposits guarantee fixed returns.
Time deposits meets expectations of both conservative and bullish investors by offering good returns at the end of fixed term. If you have surplus money sitting in your savings account, consider a time deposit which adds premium value to the existing savings. Term deposits also help in securing financial needs linked to critical events of life. ANZ bank in Philippines offers time deposits in various currencies like Peso, USD, Australian Dollar, Euro and New Zealand Dollar.
About ANZ Bank
The Australia & New Zealand Banking Group or as popularly known as ANZ Bank is an Australia based international banking and financial services corporation. Founded in 1935, the Melbourne headquartered earlybird institution has been serving customers worldwide through its subsidiaries. In Philippines, ANZ was awarded commercial banking license in 1995. Earlier in the decade, ANZ opened a representative office in the country in 1990.
ANZ today, is a full-fledged banking and financial institution in Philippines catering to needs or personal and corporate customers.
ANZ Bank Time Deposit
ANZ offers time deposits at competitive interest rates. In addition to the conventional term plans, ANZ also offers regular income linked plans. Time deposits with ANZ are available in various currencies as below which is generally not an option with most of the other banks in the market.
- Philippines Peso
- Australian Dollar
- New Zealand Dollar
Features & Benefits of ANZ Time Deposit
Regular income plans: ANZ offers you time deposits with regular income. If you do not need access to the funds, the bank credits interest on a monthly basis while the principal remains untouched. This is a tailor made plan for someone who wants to secure the investment for a long period.
ANZ also provides traditional time deposits plans without the regular income option.
Flexible term: Time deposit plans with ANZ answers the needs of both short and long term investors. Conveniently choose a term that meets your financial goals.
Wide range of currencies: As detailed in the earlier section, ANZ accepts almost all major currencies in the World for its time deposit schemes.
Minimal Documentation: The paperwork requisite is not elaborate. With minimal documents, you can sign up for a time deposit with ANZ.