Deposito Valas J Trust

DESCRIPTION

Deposito Valas J Trust is a time deposit in foreign currencies that has a maximum investment value when compared to other products. Customers cannot withdraw their funds at any time except based on the agreed deposit agreement. If the customer has to withdraw their funds, a penalty will be imposed for withdrawing funds before maturity.

BENEFITS

  • Daily interest calculation (according to fund placement).

  • Interest rates are higher than other deposits.

FEATURES

  • Applicable for individuals / non-individuals

  • Available in foreign currencies : USD, EUR, AUD, JPY and SGD

  • Minimum deposit amount equivalent to USD 1,000, -

  • Available for 1 month, 2 months, 3 months, 6 months and 12 months.

  • Can Roll Over the principal; Principal + Interest.

  • Account holders are required to have another account to collect the earning from interest and principal (in the same foreign currency)

  • For Principal Roll Over, interest is transferred to the account at J Trust Bank on a monthly basis

  • Deposit and withdrawal in Rupiah (IDR) are based on the TT sell/buy exchange rate.

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