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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.

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“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.

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