US Dollar Fixed Deposit

US Dollar Fixed Deposit Promotion("this Promotion") Terms and Conditions:

1. Term
1.1 This Promotion begins on 1 May 2019 and ends on 31 July 2019, both dates inclusive (the “Promotion Period”).
1.2 This Promotion is open to all new and existing retail and corporate customers of Baiduri Bank (“Eligible Customers”).
2. Promotion Offer
2.1 Eligible Customers will enjoy promotional interest rates for their US Dollar (USD) Fixed Deposit placements based on the table below:

Tenor Promotional Interest Rate % p.a.
6 Months 2.30
12 Months 2.60
2.2 To qualify for the promotional interest rates in clause 2.1., a minimum placement amount of USD5,000 in fresh funds must be made.
2.3 Fresh funds refer to funds not originating from any existing account with Baiduri Bank or Baiduri Finance and funds that are not withdrawn and re-deposited within the last 30 days.
2.4 No maximum placement amount applies for this Promotion.
2.5 Promotional interest rates are final irrespective of the amount placed with the Bank.
2.6 Promotional interest rate and tenors stated are applicable for a limited time period only and are subject to change by Baiduri Bank at its sole discretion and without notice.
2.7 Upon maturity of the USD Fixed Deposit, prevailing interest rates will apply.
3. General
3.1 This Promotion is governed by Baiduri Bank’s terms and conditions on the related products and any other documents forming the agreement to transact.
3.2 Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate the Promotion or vary these terms and conditions.
3.3 Baiduri Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with this Promotion. Its determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.