She said the Commission on Audit doesn't allow the city to pre-terminate its time deposits
so it can pay some fees.
Summary: Percentage of time deposits
to total cash savings by individual customers plummets from 52% to 28%
63 in a time deposit
account instead of using the funds for the specific purposes for which these were intended, contrary to the provisions of Section 1 of R.
The Bank of Cyprus announced on Wednesday that it releases the twelve-month time deposits
of about e1/4927 mn, that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and mature on 31 July 2014.
Real Time Deposit
provides NCB customers the ability to image-capture check payments at their business location--via a secure internet connection--and deliver the images and information to NCB for immediate electronic deposit into their operating account.
At least on a superficial level, credit crunches, financially troubled banks, and small time deposit
shrinkage all seem to be interrelated phenomena.
Bank of Cyprus announced on Wednesday the release of the nine-month time deposits
that were blocked as per the decrees relating to the recapitalisation of the Bank in July 2013 and which matured on April 30.
LTNCDs are negotiable certificates of time deposit
insured by PDIC for up to P500,000 and are tax exempt for qualified individuals if held for at least 5 years.
For prospective clients, the key benefit will be a marked reduction in the levels of document submission as a result of the elimination of Time deposit
The one-year time deposit
product is called 'Citi Step-Up' and is based on a new concept of increasing interest every three months.
In August 1997, as many as 37 banks are recorded to have increased their time deposit
interest rates with one- and three-month time deposits
showing the highest interest hikes.