FDB announces new financial solution
July 19, 2018 12:38 am
The Fiji Development Bank has today announced a new financial solution for Fijian investors.
Board Chair, Robert Lyon, says Yaubula Term Deposit is a financial solution designed for investors seeking a secure fixed investment opportunity with attractive returns.
Lyon says the bank is expanding and diversifying its portfolio to be more responsive to the changing needs of Fijians.
“FDB is initially offering interest rates ranging from 3.70% to 4.50% for terms from 12 to 60 months and are negotiable to accommodate customers investing more than $100,000.”
Lyon adds negotiated interest rates are also available for terms between six to 11 months adding that FDB is not placing a maximum on the investment.
He says investors can invest with a minimum deposit of $50,000.
Lyon also says that investors have the option of choosing from either fully withdrawing their nurtured principal and interest at maturity, withdrawing only interest and re-investing the principal or reinvesting both the principal and the interest earned.