Fastest Returns At Best Prime Rates For Ones Investment
A nother “First” from Union Bank, with an innovative interest payment concept, of weekly interest payments.
This is a unique investment product which will add great value to you, in terms of return on investment and also in terms of facilitating you to utilise the returns earned from your investment, on a weekly basis while holding on to the capital amount.
The key features of this product are;
Interest will accrue at prime rates on 3 months Fixed Deposits, 6 months Fixed Deposits and on 12 months Fixed Deposits on a weekly basis
Weekly interest will be paid, only on Rupee Fixed Deposits with tenures from 3 months to 12 months. Interest can not be accumulated weekly or at maturity to the principle amount.
Interest can be paid direct or credited to your Savings or Current Account, on a weekly basis at the agreed rate, until the maturity period of the relevant deposit; i.e., 3, 6, 12 months.
Accepted as security for credit facilities ( Overdrafts, Loans).
You could nominate any person /s, as beneficiary to your account balances, during the relationship for amounts of you choice
You could appoint any person of full contractual capacity to operate the account in your absence.
iii. 55Plus – Fixed Deposits
3 months interest upfront
Our 55+ Senior Citizens Account will ensure your peace-of-mind during any emergency. Simply contact us and we will pay you interest upfront without any hassle or fuss – that’s our pledge to you.
Monthly interest of 9.5% (AER 9.92%) for 2 years fixed deposits
Highest interest rate at maturity
In case of an emergency, 03 months interest upfront can be claimed
NOTE : Withholding Tax is applicable for all products under regulations issued by the
Department of Inland Revenue Circular Ref :SEC/2011/1 dated 28/02/2011.
- Please refer for details under publications and report
To view TD Rates