If you're like most you'll agree that there's nothing more satisfying than watching your hard-earned money grow in a secure investment. EKC offers a full range of term deposits, from short to long term, at highly competitive rates. EKC term deposits are redeemable at any time.
Apply By Phone
Annual Interest Rate
A term deposit is an investment, a fixed amount of money that is deposited for a fixed period of time.
There is no difference between a Term Deposit and a Certificate of Deposit (CD), a CD is simply a type of Term Deposit. A Certificate of Deposit is issued by a bank, and a Share Certificate is issued by a Credit Union.
If the amount deposited if not needed for the fixed term of the depotst, a term deposit will yield a higher rate of interest. The interest rate of term deposits is higher than the interest paid on a savings account.