Term Savings Account

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Term Savings Account

Benefit from high interest on your hard earned cash with Credit Libanais Term Savings Account. This account can be opened by sole or joint account holders (resident and non-resident Lebanese as well as foreigners) and can be in any currency. This account gives you high interest rates on blocked deposits while restricting additional deposits or withdrawals before maturity. Interest on this account is paid upon maturity and fluctuates with the market. The minimum opening deposit is USD1,000

Advantages

Higher interest rate than other deposit accounts
Transactions are allowed from any of Credit Libanais branches (passbook required)

Requirements

For Individuals:

18 years of age (legal guardians may sign for minors)
Copy of ID or first 3 pages of passport
Full address
Specimen of signature

For Businesses:

Company by-laws
Commercial register
Full address
Nature of business
Paid up capital and total assets
Information about the declaring company
List of owners, owners of economic rights, Chairman of the Board, and Chief Executives

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