Fixed Deposits
From 1997, the AID Bank began taking fixed deposits from customers as a means of security for personal and commercial type loans. These types of loans were not traditionally funded by the Bank and had to be funded from funds generated internally. The minimum size of a fixed deposit is $1,000.
Fixed Deposit Rates effective from July 1, 2006
| Term of Deposit | Interest Rate |
|---|---|
| 6 months | 3% |
| 12 months (1 year) | 3.5% |
| 24 months (2 year) | 4% |
| 36 months (3 year) | 5% |