Development bank launches new product for investors

Fiji Development Bank's treasury analyst Kris Singh, senior relationship and sales officer Jay Rathod and team leader treasury finance Rajesh Kumar showing the new Yaubula Term Deposit product following its launch at the Grand Pacific Hotel today. Picture: JONA KONATACI

THE Fiji Development Bank today launched their Yaubula term deposit which offers customers a secure and fixed investment opportunity with active returns.

According to the bank, the facility has been designed for investors seeking a secure fixed investment opportunity with maximum guaranteed returns.
FDB chairman Robert Lyon launched the product earlier today the Grand Pacific Hotel in Suva.

Mr Lyon said FDB was intially offering interest rates ranging rom 3.70 per cent to 4.50 per cent.

“For terms from 12 to 60 months, that are negotiable to accomodate customers investing more than $100,000,” Mr Lyon said.

He adds FDB is negotiated interests were also available for terms between six to 11 months.

“FDB is not placing a maximum on your investment and you can invest with a minimum deposit of $50,000,” he said.

About Yaubula Term Deposit product:
Yaubula Term Deposit is FDB’s more formal, competitive and tailor made financial solution designed for investors seeking a secure fixed investment opportunity with guaranteed returns.

FDB is not placing a maximum cap on investments and investors can invest much as they prefer with minimum deposit of $50,000.

Financial institutions, commercial banks, private and public companies, statutory corporations, public enterprises, partnership firms, registered society and trusts can open up a Yaubula Term Deposit Account.

*More in tomorrow’s The Fiji Times and on our e-edition.

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