An installment deposit account is a longer-term saving.
An installment deposit account is a longer-term saving. It is where you put a set amount of money or installment into the account daily or monthly for a set period of time and let it grow. Once the period is over, you withdraw the principal and interest together.
INSTALLMENT DEPOSIT ACCOUNT
(MINIMUM OPENING BALANCE: USD 10)
| TERM | INTEREST RATE (USD) |
|---|---|
| 6 months | 3.00% p.a |
| 12 months | 4.50% p.a |
| 24 months | 5.00% p.a |
| 36 months | 5.50% p.a |
PREMIER INSTALLMENT DEPOSIT ACCOUNT
(MINIMUM OPENING BALANCE USD 500)
| TERM | INTEREST RATE (USD) |
|---|---|
| 6 months | 3.50% p.a |
| 12 months | 5.00% p.a |
| 24 months | 5.25% p.a |
| 36 months | 5.75% p.a |
Requirements
Cambodian
- National ID Card or Valid Passport
Foreigner
- Valid passport (Validity ≥ 90 days)
- Employment certificate, contract or business certificate(s)
NGOs / NPOs
- Memorandum of Understanding (MOU) or Authorization Articles of Association and Organization Tax registration letter Board of directors or directors’ resolution Proof of source of funds and assets National
- ID card or passport of founders, board of directors, or director(s) and authorized signatories