How Do I Choose a High Yield Certificate Of Deposit?

Personal notice deposit refers to a type of deposit that a customer does not need to agree on the deposit period, and must notify the bank in advance when withdrawing, agreeing on the date and amount of the deposit.

Personal notice deposit

Personal notice deposit means that the customer does not have to agree on the deposit period when depositing, and the bank must be notified in advance when making a withdrawal

The deposit interest rate is higher than the current savings rate. The deposit period is flexible, the withdrawal is convenient, and it can obtain higher returns. Suitable for large deposits and frequent deposits.

Suitable:

personal account.

1. Personal notification deposit voucher is registered

(1)

The personal notice deposit combines the advantages of current savings and regular savings. Its characteristics are: one-time deposit, partial withdrawal, the benefits follow the clearing, the longer the deposit period, the higher the interest. When withdrawing, the depositor may divide into several withdrawals as needed. The part of the withdrawal is calculated at the interest rate announced on the month of withdrawal according to the actual deposit period. Special cases:

In the following cases, interest is calculated at the demand deposit rate:

1. If the actual deposit period is less than the notice period, interest will be calculated at the demand deposit rate;

2.Withdrawal without advance notice, the withdrawal part shall bear interest at current interest rate;

3.If the notice procedure has been completed and the withdrawal is made in advance or overdue, the withdrawal part shall bear interest at the demand deposit rate;

4.If the amount of withdrawal is insufficient or exceeds the agreed amount, the shortfall or excess shall be calculated at the interest rate of the demand deposit;

5.If the withdrawal amount is less than the minimum withdrawal amount, interest will be calculated at the demand deposit rate;

6.If the notice deposit has gone through the notification procedure without withdrawal or the notice is cancelled within the notice period, the interest will not be calculated during the notice period;

7. Notify the withdrawal of part of the deposit, if the retained part is higher than the minimum deposit amount, the deposit period shall be calculated from the original account opening date; if the retained part is lower than the deposit amount, the interest shall be calculated at the demand deposit interest rate announced on the clearing day.