US Dollar Savings Account

Your dollar savings, safeguarded.

Your dollar savings, safeguarded.

A foreign currency savings account for corporations transacting in US dollars.

An interest bearing dollar-account which requires presentation of a passbook for deposit and withdrawal transactions.

MINIMUM INITIAL DEPOSIT	Individual: $100 Corporate: $1,000
REQUIRED MINIMUM AVERAGE DAILY BALANCE (ADB)	Individual: $100 Corporate: $1,000
INTEREST RATE (PER ANNUM)	0.025% Note: Effective on 01 July 2021 - Interest Rates for US Dollar Savings Account, HYUSDTD
REQUIRED DAILY BALANCE TO EARN INTEREST	Individual: $100 Corporate: $1,000
MONTHLY SERVICE CHARGE BELOW MINIMUM ADB	$5 Note: Note: Accounts falling below ADB requirement for two (2) consecutive month-end and every month-end thereafter. Monthly collection to start at the end of the second month.
MONTHLY DORMANCY FEE	$0.50 Note: Accounts with no depositor-initiated financial transaction for one (1) year for Demand Deposit Accounts and two (2) years for Savings Deposit Account and which fall below the required ADB. Monthly collection to start on the 5th year reckoned from the date of last financial transaction.
FEE IF CLOSED WITHIN ONE (1) MONTH FROM DATE OF OPENING	$10