Republic Term Deposits

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Republic Term Deposits

The wise investment instrument
  • Initial Deposit - SRD 10,000.00
  • Higher interest rate than a regular savings account
  • Your interest rate is paid on maturity date of the deposit
What do I need to open a chequing or savings account?
Residents

Two (2) forms of identification (e.g. ID card, Driver's Licence or Passport)
Proof of Income: Employer’s declaration or pension declaration (not older than 1 month), recent salary slips*
Proof of current address: recent CBB extract or recent invoice of utility company (not older than 3 months)
First deposit: minimum of SRD 25, USD 50 or Euro 50 (chequing account) and SRD/USD/Euro 100 (savings account)

Non-Residents

Two (2) forms of identification (e.g. ID card, Driver's Licence or Passport)
Reference letter or bank statements of the foreign bank (not older than 6 months)
Proof of Income: Employer’s declaration or pension declaration (not older than 1 month), recent salary slips
Proof of current address: recent extract of the population register or recent invoice of utility company (not older than 3 months)
First deposit: minimum of SRD 25, USD 50 or Euro 50 (chequing account) and SRD/USD/Euro 100 (savings account)

Term Deposits SRD
Min. amount: 10,000.00		 USD
Min. amount: 2,000.00
1 month n/a n/a
3 months 5.50% 0.45%
6 months 6.50% 0.55%
9 months n/a n/a
1 year 7.50% 1.25%
2 years 8.50% 1.50%
3 years 9.50% 1.75%

*Please be advised that we do not offer Term Deposits in EUR.

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