Standard Fixed-term Deposits

Fixed-term deposit accounts, designed for international clients, offer you the opportunity to earn fixed interest in any currency you choose. This safeguards your wealth from interest rate fluctuations and generates an excellent return on investment. Take advantage of our flexible duration and highly competitive fixed interest rates and grow your savings.

As a cdbbank account holder, you will be allocated a Personal Client Relationship Officer assigned to support and assist you to maximise the benefits of your account.

Existing clients

Clients may contact their personal Client Relationship Officer (CRO) and communicate their request using email, mail, fax or via the website

New clients

Clients have the option of contacting our experienced CRO’s to guide them through the process or
directly submitting their initial request using email, mail, fax or via the website

What we offer

Fixed duration
Fixed interest rate
No minimum deposit amount required
No charges for opening and maintaining your fixed-term deposit account

The Bank offers the following fixed-term deposits

Deposits of fixed duration (1, 2, 3, 6, 9, 12 months)
Deposits of any duration (i.e. 125 days, 5 months, etc)

Client Relationship Officers can advise you on the interest rates offered according to your deposit amount, deposit duration and deposit currency.

The benefits of a fixed-term deposit account

Fixed-term deposit accounts are considered to be advantageous for conservative investors. This is because they offer a guaranteed return and have an extremely low risk factor.

A fixed-term deposit account provides the following benefits

Up to €100,000 are secured per person as per the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme*
Excellent return on investment
May be utilized as security for the granting of loan facilities

* The Deposit Guarantee and Resolution of Credit and Other Institutions Scheme (DGS) is based on the relevant legal framework of the Business of Credit Institutions Law, the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme Law of 2016 and the Regulations therein and the Resolution of Credit and Investment Firms Law of 2016. Click here for more details.

For permanent residents of Cyprus, a special contribution for defence is deducted from the total interest earned on your deposits. In case you are not a permanent resident of Cyprus, please fill in the relevant form of the Ministry of Finance and submit it to the Bank in order to avoid the said deduction.