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 |
4 | Interest Payment | Pay every month end, at the end of maturity, or when closing the account |
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 4% Non-Resident 14% Bank/Microfinance/Government 0% |
Interest Rate:
Type | Term | Individual/Non-Financial Institute |
---|---|---|
KHR/USD/THB | ||
Interest Withdrawal at Maturity | 24-36M | 7.50% |
12M | 7.25% | |
9M | 6.00% | |
6M | 5.75% | |
3M | 5.00% | |
1M | 3.50% | |
Monthly Interest Withdrawal | 24-36M | 7.25% |
12M | 7.00% | |
9M | 5.75 | |
6M | 5.50% | |
3M | 4.75% | |
1M | 3.50% |
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 | Premature fixed deposit before one month after opening date | 40,000 | 10.00 | 400 |
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