Special Savings
RBMV Bank - Royal Bank of Mount Vema |
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Special Savings & Time Deposit Accounts
Not everyone knows how to invest in the Mount Vema Stock Market, so for that reason we are offering a more reliable service to grow your money.
Special Savings Account · Earn up to 1% daily (Monday to Friday) in foreign exchange
Special Savings Account · Earn up to 1% daily (Monday to Friday) in foreign exchange
SPECIAL SAVINGS & TIME DEPOSITS
1. We aim to pay up to 1% interest daily for any amount locked at the customer's request in a special savings account for a minimum period of six months and up to one year. Earnings are paid monthly by bank transfer. Customers may withdraw their earnings or keep it in their special savings account.
Note: Earnings will not be reinvested unless agreed by both parts. The bank will only work with the original capital invested, which will be returned to the customer after maturity (the six months or one year period).
2. Premature withdrawal of the capital deposited is subject to conditions. You may earn less or no interest if you withdraw your fixed deposit before maturity. An early withdrawal fee may also be imposed.
3. Conversion between currencies involves exchange rates which are subject to fluctuations. If you have used funds in another currency to place the Foreign Currency Fixed Deposit, you may receive an amount less than your original amount of such funds upon conversion of your Foreign Currency Fixed Deposit back to that other currency. In addition, you may be subject to foreign exchange controls which may be imposed from time to time.
Note: Earnings will not be reinvested unless agreed by both parts. The bank will only work with the original capital invested, which will be returned to the customer after maturity (the six months or one year period).
2. Premature withdrawal of the capital deposited is subject to conditions. You may earn less or no interest if you withdraw your fixed deposit before maturity. An early withdrawal fee may also be imposed.
3. Conversion between currencies involves exchange rates which are subject to fluctuations. If you have used funds in another currency to place the Foreign Currency Fixed Deposit, you may receive an amount less than your original amount of such funds upon conversion of your Foreign Currency Fixed Deposit back to that other currency. In addition, you may be subject to foreign exchange controls which may be imposed from time to time.
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When you submit this application, you authorise us to open a simple Special Savings Account services offered by us. Your instructions shall be accepted in accordance with our General Terms and Conditions. The RBMV Bank shall be entitled to treat instructions as duly authorized by and binding on you without waiting for any confirmation or the original instruction in writing; and without making any inquiry as to the authority or identity of the person(s) giving or making or purporting to give or make such instruction. However, the RBMV Bank is entitled to refuse to accept, rely or act on any instruction without giving any notice or assigning any reason. If the RBMV Bank receives any instructions outside Banking Hours on a Business Day, the RBMV Bank will only consider such instructions on the next working day. “Banking Hours” are the hours on any Business Day that RBMV Bank processes Instructions.
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RBMV Bank - Royal Bank of Mount Vema
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004
Is a PLC company registered with the Kingdom of Mount Vema - The Vema Seamount Territory.
City of Mount Vema - Registered (Off-Plan) Address:
142 Westland Road, Maryland
Postal Code: 3284A
Mount Vema
Registration number 17010004, VAT number KMVC00-000-004