Common use of Time Deposit Clause in Contracts

Time Deposit. Interest shall be calculated based on actual days lapsed of the deposit term and the Bank’s board interest rate at the time of deposit. The interest shall be paid on the next banking day if original payment days are holidays. The Customer may request the interest to be paid on a monthly basis or upon maturity.

Time Deposit. Interest of a time deposit shall be calculated based on actual days lapsed the currency type and the term of the deposit term and at the Bank’s board interest rate rates applicable at the time of depositthe deposit or at an interest rate negotiated agreed upon by the Customer and the Bank. The interest shall be paid on the next banking day if original payment days are holidays. The Customer may request fall into holidays or non-trading days of the interest to be paid on a monthly basis or upon maturitybase currency of time deposit.