Standard Term Deposit

Standard Term Deposit Indicative Rates

To benefit from Loyal Bank’s unique savings rates, a minimum deposit of USD 10,000 or equivalent in another currency is necessary. You can see our standard interest rates in the table below:

Term Standard USD
Percent per annum
Standard GBP
Percent per annum
Standard EUR
Percent per annum
1 month 0.10 0.10 0.10
3 months 0.25 0.25 0.25
6 months 0.50 0.50 0.50
9 months 0.75 0.75 0.75
12 months 1.00 1.00 1.00
24 months 1.50 1.50 1.50
36 months 2.00 2.00 2.00
48 months 2.50 2.50 2.50
60 months 3.00 3.00 3.00

In addition to this, you can maximize your deposits and earn additional premium interest up to 1% above our standard interest rates on your new funds. (Special offers are available until 31st December 2017.)

How to place a Term Deposit with Loyal Bank:

For existing personal or corporate clients of Loyal Bank: Term Deposits can be placed via NetBank - you simply follow the simple on-screen instructions in NetBank, under the Term Deposit section in the menu.

For non-clients of Loyal Bank: You will need to open a current bank account with Loyal Bank first and complete our due diligence procedures. Please click here for account opening information. After opening a current account with Loyal Bank we can place your Term Deposit.

Term Deposit information:

As our Customer Services team will explain, a term deposit with us can be fairly flexible; you can withdraw your funds early if you need to, and you can renew your deposit once maturity is reached.

Changes to amount: Once a Term Deposit is placed, the amount is fixed for the period of the deposit and it cannot be increased. If you wish to increase the amount on deposit, a new deposit must be placed.

Early withdrawal: Early withdrawals from Term Deposits are permitted, and whilst the original amount of principal on deposit is repaid in full, the interest accrued on this deposit will not be paid by Loyal Bank. There is also an early termination fee of 75 US dollars or currency equivalent.

Maturity: Upon maturity you can renew your Term Deposit for another period of your choice with interest added and compounded, or you can renew your original invested amount and have your interest credited to your account in Loyal Bank. If you don't want to renew your Term Deposit when it matures, your amount on deposit will be credited to your Loyal Bank account. Your maturity instructions can be given through the NetBank.

Rates and amounts: The interest rates quoted above are fixed for the Term they relate to and are quoted on a per annum basis.

The minimum Deposit amount is USD 10,000 or other currency equivalent.

Please click here to see detailed information about our Term Deposits