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A Fixed Deposit Account offers a greater rate of return for clients’ commitment in keeping the savings on deposit with LOLC Cambodia for a specific period of time. Clients have the option to withdraw interest at the end of each month or at the end of the term.
Benefits:
- Get high interest income
- Your money will be kept safely and securely
- Multiple currency choices: KHR, USD and THB
- Open an account at any LOLC office without service charge
Product Features:
| No | Features | Descriptions |
|---|---|---|
| 1 | Currency | KHR, USD, and THB |
| 2 | Initial Deposit | KHR 200,000,USD 50, THB 2,000 |
| 3 | Term | • 1 month, 3 months, 6 months, 9 months, 12 months, 24 months, 36 months for KHR and USD • 12 months for THB |
| 4 | Interest Payment | Pay every month end, at the end of maturity. |
| 5 | Deposit Condition | Can be made only one time when opening FD account For new deposit amount, customer can open new FD accounts |
| 6 |
Account Type | Individual Account Joint Account Corporate Account |
| 7 |
Rollover Condition | Non-Renewal Principal Rollover Principal and Interest Rollover |
| 8 |
Withholding Tax | Resident 6% Non-Resident 14% Bank/Microfinance/Government 0% |
Interest Rate:
Noted: (*) Add interest rate effective from 17th April until 30th June 2023. This add interest rate applied for Individuals and Corporate customers (non-Fi) including existing customers (which roll over in the period of this campaign) and new customers.
Fee Charge:
| No | Description | Fee charge | ||
|---|---|---|---|---|
| KHR | USD | THB | ||
| 1 | Request for Fixed Deposit Certificate replacement (lost or damaged) | 20,000 | 5.00 | 200 |
| 2 | Close fixed deposit before one month after opening date | 40,000 | 10.00 | 400 |
| 3 | Request for Account Balance Confirmation | 20,000 | 5.00 | 200 |
Account Opening Requirement:
- For Individuals: National ID card, passport, or equivalent document
- For corporations: Legal ID of authorizer in corporate account, Memorandum and Articles of Association, Business Registration Certificate, Patent, Letter of Authorization or Board Resolution as well as other documents (if available)
- For Corporation:
- Valid National ID/Passport of signatory(-ies)*
- Memorandum and Articles of Association*
- Business Registration Certificate (Digital Form)*
- Certificate of Tax Registration (VAT)/Patent Tax*
- Letter of Authorization or Board Resolution*
- Other documents (if available).
How to apply:
- Visit any LOLC office to apply for the service or
- Through iPay Cambodia, if you have saving account
- Through e-Banking/Internet Banking
#666B, Street 271, Kbal Tumnub Muoy Village, Sangkat Boeng Tumpun 2, Khan Mean Chey, Phnom Penh, Cambodia.
