Fixed Term Deposits
It is the deposit of a certain amount of money during a period agreed between the Bank and the client, with the commitment of the latter that until the expiry of that period will not increase or decrease the amount deposited, nor will withdraw the entire deposit. They are opened in National Currency, Freely Convertible Currency and U.S. Dollars; they constitute all natural persons, of legal age, Cuban or foreign residents or not in the country, individually or jointly, representing minors of whom they are parents or guardians or by voluntary representation through Power of Attorney or civilly incapacitated persons. Cuban and foreign natural persons not residing in the country, only in USD currency.
For deposits in national currency: $100.00 (One Hundred CUP), 200.00 in freely convertible currency or U.S. Dollars.
The terms in which they are opened are of three, six, twelve, 24, 36, 48 and 60 months and the interests are according to the terms and are only paid at the expiration of the agreed term, never in advance and capitalized at the request of the client.
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