Savings Prestige
We have upgraded saving account features, which are called “Savings Account Prestige, or Saving Prestige” for short with following tiers and pricing, which is also in line with some banks in the in the industry. Customers or accountholders of Chief Bank can enjoy higher interest rate as tabulated, according to each tier of the said products or services, which will be effective on Friday, 11 March 2022, and interest rate will be calculated on the daily balanced basis.
Savings Account Prestige or Saving Prestige (for short)
| DESCRIPTION | INDIVIDUAL | COMPANY | FI (Bank, MFI, MDI, Insurance Company etc…) |
|---|---|---|---|
| Min. Opening balance | USD 5,000.00 | USD 10,000.00 | USD 50,000.00 |
| Min. Maintenance Balance | USD 2,000.00 | USD 5,000.00 | USD 50,000.00 |
| Penalty for not Maintaining Min. Balance | No fee; just required to fill up | ||
| Interest Tier |
≤ USD5,000 – 0.75% p.a ≤ USD10,000 – 1.00% p.a ≤ USD150,000 – 1.25% p.a > USD150,000 – 1.75% p.a |
≤ USD10,000 – 0.75% p.a ≤ USD50,000 – 1.00% p.a ≤ USD250,000 – 1.25% p.a > USD250,000 – 1.75% p.a |
≤ USD50,000 – 0.25% p.a ≤ USD500,000 – 0.50% p.a ≤ USD1M – 1.00% p.a > USD1M – 1.25% p.a |
| Interest Payout Frequency (Monthly base) | Every month-end | ||
| Maintenance Fee | No | ||
| Withdrawal Fee/CSS | Free | ||
| Passbook/Chequebook | Upon customer request | ||
| Dormant Fee | No | ||
| Early Account Closure Fee (6 Months) | No | ||
